Econet Wireless Zimbabwe has announced the departure of its Chief Operating Officer (COO), Kezito Makuni, effective February 28, 2025. After 16 years with the company, Makuni is leaving to “pursue other interests outside the company.”
Leadership Changes in the Econet Group
It has been leadership change after leadership change within the Econet Group.
Recently, EcoCash Holdings (Steward Bank) underwent a significant reshuffle, with eight directors resigning following Tawanda Nyambirai’s acquisition of a majority stake and his appointment as Group CEO.
Similarly, Cassava Technologies has made strategic leadership appointments, including appointing an AI Officer and moving some long-serving employees around.
You can’t help but wonder what’s going on with all these high-level exits and appointments.
Is This Part of the Reconstruction Exercise?
Last year, the Econet Group initiated a reconstruction exercise, offering voluntary exit packages to employees as part of its restructuring efforts.
Could Makuni’s departure be linked to this initiative? While the official statement cites personal pursuits, the timing aligns with these sweeping organizational changes.
The leadership changes at EcoCash Holdings and Cassava Technologies further suggest some kind of strategic realignment within the group.
Nyambirai’s takeover at EcoCash Holdings led to a mass resignation of directors, indicating a significant shift in governance and strategic direction.
At Cassava Technologies, the appointment of new executives aims to accelerate growth and strengthen competitiveness—or some other corporate-sounding reason.
A Coordinated Strategy or Just Coincidence?
Leadership changes are not uncommon in large corporations. However, the timing of these shifts across multiple subsidiaries within the Econet Group suggests a coordinated effort to reshape the organization.
Whether these changes will yield the desired outcomes remains to be seen.
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