The Chief Executive Officer (CEO) of the Zimbabwe Investment and Development Agency (ZIDA), Douglas Munatsi, died in a house fire on 29 November 2021.
Police are investigating a fire at the prominent business executive’s 9th floor Northfields flat on Fifth Street and Josiah Tongogara in which he was killed at around 4 AM on Monday. A police source told ZimLive:
The fire is being investigated as possible arson.
The former BancABC CEO was appointed to the role by President Emmerson Mnangagwa in 2019.
It is reported that Munatsi was due to meet Mnangagwa on Monday morning.
He was known mostly for leading BancABC since its formation in 2000, until its acquisition by Atlas Mara in 2014.
Munetsi was the owner of Kunatsa Estates.