Old Mutual Zimbabwe's CEO, Mr. Samuel Matsekete, on Driving Economic Growth and Sustainable Development

Strategic Insights -

Mr. Samuel Matsekete, the CEO of Old Mutual Zimbabwe, has been instrumental in shaping the company's efforts to support economic growth and sustainable development in Zimbabwe. Under his leadership, Old Mutual Zimbabwe has continued to play a significant role in fostering growth and prosperity in various communities. With a background in financial services and a wealth of experience in managing institutions, Mr. Matsekete is passionate about aiding start-ups and small businesses, and believes that this is crucial for driving sustainable economic growth. He has emphasized the importance of fostering technological advancement and supporting small and medium enterprises (SMEs) through initiatives like the Eight2Five Innovation Hub.

Key Takeaways:

  • Mr. Matsekete has been instrumental in shaping Old Mutual Zimbabwe's efforts to support economic growth and sustainable development in Zimbabwe.
  • The company will continue to focus on sectors that support sustainability, including renewable energy, under its responsible investments strategy.
  • Old Mutual Zimbabwe will drive deposit mobilisation and access credit lines to support loan book growth targeting key economic sectors.
  • The group will continue deployments in the US$100 million Renewable Energy Fund and explore new public-private partnerships in areas of mutual interest.
  • Mr. Matsekete believes that sustainability must be a way of doing business, and that the company wishes to see this reflected in its interactions with customer stakeholders.
  • The company will invest in green energy for its own consumption and continue to adopt the product suite and enhance the value proposition for underserved segments, including women, the youth, and small and medium enterprises (SMEs).
  • Mr. Matsekete holds a Bachelor of Accountancy Honours degree from the University of Zimbabwe and a Master of Business Leadership from the University of South Africa.
  • He has a unique career path, having worked for several organisations and different industries, which he believes has benefitted him heavily.

Statistics:

  • Old Mutual Zimbabwe operates in life and general insurance, banking, fintech, property, and investment management.
  • Mr. Matsekete was the managing director of First Capital Bank for 14 years prior to his appointment at Old Mutual Zimbabwe.
  • The company will launch new thematic funds to address evolving customer needs.
  • The US$100 million Renewable Energy Fund will continue to be deployed.
  • Old Mutual Zimbabwe has a presence in various communities in Zimbabwe, supporting their growth and prosperity.

Sources:

  • Zimpapers Business Hub