The Board
Board Structure
Africapaciti is a registered company in the Republic of Zimbabwe with other registered entities in South Africa, Nigeria and Tanzania and complies to the respective company registrar’s requirements of the appointment of directors at the registered company oce and furthermore adheres to corporate governance practices that require the appointment of nonexecutive directors to the Board and the appointment of Board members.
Africapaciti has up to two (2) executive directors who sit on the subsidiary Boards and up to four (4) non-executive directors mainly Country Technical Partners and Shareholders. The board therefore has a mix of executive and non-executive directors. The Chairman of the board is appointed by the major shareholders of the Africapaciti Investment Group.
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Board Responsibilities
The Group Board is the custodian of our corporate governance framework and it is responsible for ensuring that the group is operating and managed along sound corporate governance principles, by enforcing key governance and reporting policies and ensuring that the obligations to shareholders and other stakeholders are met. The Africapaciti Board is also responsible for adopting strategic plans and through the monitoring of operational performance, provides management with eective leadership in line with the company’s ethical values whilst understanding that strategy, risk, performance and sustainability are inseparable.
Board Committees
A number of board committees assist the board in fulfilling its stated objectives. The role and responsibilities of each committee are set out in their formal terms of reference and herein enlisted as follows;
- The Finance and Audit Committee
- The Investment Committee
- The Human Resources and Remuneration Committee
- The Research and Development Committee
- The Executive Committee (EXCO)
Board Members
Mr Benson Samudzimu
Board Member
Yvonne Sibongile Masimo
Board Member