Kuvimba Mining House Group CEO Simba Chinyemba to leave Kuvimba for Mutapa Investment Fund
Kuvimba Mining House (KMH) Chief Executive Officer (CEO) Simba Chinyemba is set to leave the diversified mining company to join Mutapa Investment as Chief Investment Officer (CIO), Mining Zimbabwe has learnt.
According to sources Chinyemba was headhunted for the Chief Investment Officer position and will be overseeing state-owned enterprises that include Net One, National Railways of Zimbabwe, Air Zimbabwe, TelOne, Cottco, Zupco, Defold Mine, Kuvimba Mining House, Silo Investments, National Oil Company of Zimbabwe, Cold Storage Commission Limited, Petrotrade, People’s Own Savings Bank, ZESA, Fidelity Gold Refinery, Homelink, Arda Seeds, Zimbabwe Power Company, PowerTel Communications, Allied Timbers, Telecel, Industrial Development Corporation and Hwange Colliery Company.
Chinyemba was Chief Operating Officer (COO) of Kuvimba where he oversaw the creation of the mining group before he was promoted to be its CEO taking over from David Brown in 2021. He was tasked with overseeing the company’s large array of assets either as 100% owner or as a majority shareholder. These include top gold producer Freda Rebecca Gold Mine, Bindura Nickel Corporation, Shamva Mining Company, Jena Mines, Elvington Mine, Sandawana Mine, Zimbabwe Alloys Limited, Great Dyke Investments and Homestake Mines.
Under his leadership, KMH has seen a notable turnaround from a company burdened by negative perceptions and struggling assets to becoming a leading force in the mining sector.
Chinyemba’s tenure began amid skepticism about KMH’s credibility within the Zimbabwe mining industry however, he swiftly spearheaded transformative initiatives that reshaped the company’s trajectory.
One of Chinyemba’s standout achievements was streamlining KMH’s operations by consolidating fragmented mining entities. This restructuring not only streamlined processes but also highlighted the company’s commitment to efficiency, leadership development and gender diversity, with a notable insistence on a quota representation of women in operational roles.
Furthermore, Chinyemba’s dedication to Corporate Social Responsibility (CSR) shone through KMH’s initiative to sponsor University education for six underprivileged students demonstrating his commitment to youth empowerment and gender equity.
Prior to his role as Kuvimba CEO, Chinyemba who by profession is a qualified actuary with the Institute and Faculty of Actuaries (U.K) by held various leadership and board roles in the United Kingdom, Asia, the Middle East and various African countries.
His appointment as Chief Investment Officer signifies a new chapter in one of Zimbabwe’s rising stars and in his illustrious career. He will oversee a diversified investment portfolio of the country’s most important asset holdings. This elevation recognizes his outstanding contributions and underscores his strategic acumen in navigating complex business landscapes.