HARARE – Prominent business executive and veteran banker Doug Munetsi has been the subject of conversation since his death in the early hours of Monday.
The Zimbabwe Investment and Development Agency (ZIDA) chief executive officer died following a horrible fire at his Northfields apartment in Harare’s Avenues area.
The fire has been described as suspicious and is being investigated by the police. One of the witnesses told the police that they heard an explosion-like noise just before the fire. The police are also searching for a woman known only as Coletta NPFK, who is believed to be the last person to have visited Munatsi just before the horrible fire.
There are also indications that the business executive’s body shows signs of torture. This comes after medical examiners reportedly discovered that Munatsi’s fingernails were pulled out. This has led to suspicion that he may have been murdered with the fire being set to hide the evidence.
Below are some of the pictures of Doug Munatsi’s luxury apartment before and after the horrible fire.
Munatsi was the co-founder of ABC Holdings (now BancABC), since its formation in 2000, until its acquisition by Atlas Mara in 2014. At the time of his death, he was the chief executive officer of the Zimbabwe Investment and Development Agency (ZIDA). He was appointed to the position by President Emmerson Mnangagwa in 2019.
Former Reserve Bank of Zimbabwe (RBZ) governor spoke highly of Munatsi in his tribute. Said Gono,
My career would probably have been quite different to what it is today had it not been for Douglas Munatsi.
He obviously never wanted this talked about, but today I can open about it.
Always a cheerful young brother to me, he was later to brief me about his desire to start a merchant bank of his own, Heritage which then bought into RAL Merchant Bank of the time and in no time he formed ABC Bank which later grew into a formidable regional Bank under the name BancABC.
During my 10-year tenure as Governor of the Reserve Bank of Zimbabwe, BancABC was one of my least headaches as it was always well-run and exemplary in many respects, impressively ticking all corporate-governance boxes without a stretch of pretence.