Ngwenya new TN Bank Boss

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Econet Wireless has appointed Kwanele Ngwenya, a South African who was heading the operations of First National Bank (FNB) in Botswana, as the new CEO of TN Bank.

Business Reporter

He takes over from former CEO George Nyashanu, who has been re-assigned within Econet Wireless Services.

The development follows the takeover of the bank by the mobile telecommunications company after the majority of TN Bank shareholders accepted the offer by the telecoms group to buy them out of TN Bank Limited.

In a statement, Econet said Ngwenya, a veteran banker, was head hunted by an international agency as it moves to turn TN Bank into one of the leading banks in the country.

“Econet has already made sweeping changes at the bank, after taking control a few months ago. Changes have already been made at board level, after the resignation from the bank’s board of founder Tawanda Nyambirai in December last year.

A new team of international bankers has been brought onto the bank’s board,” Econet said.

16 COMMENTS

    • But we have our own nationals who are leading institutions in foreign countries, esp South Africa! What is your problem here?

      • @Mazhazhate. I was just wondering that if we claim to have one of the best educated and experienced labour on the continet why hire from outside? Thats the same reason why many organisations in RSA have Zimbos on their helm. So yes l have a problem with that

        • Bhururu pepuka we are leaving in one world, world of globalisation. We leave like a family. Your bitterness is drived nehudofo, and primitive thinking. Kana zvakurwadza just dont bank ne bank raachatungamira, uende ku Genesis Bank.

          • Of course Econet has to do what is best for itself, its shareholders and other stake holders. Yes it is an indictment on the quality of bankers we have here, I am not surprised our locally based bankers failed to measure up..this by extension says a lot about they have been conducting business in the land..shambolic is a word that comes to mind.
            I would not be surprised if those multinational banks deploy these passenger executives when the situation normalises in the land..mark my words will be replaced by REAL bankers not the motley pretenders we have presently. Thanks is due to Econet for exposing these bankers and leading the way into the future.

      • iro idama Dedza, nokuti unonzwa padikidiki ndakumbosvika ku”purazi” instead of working what you are being paid for.

    • We have lots of qualified bankers of course but problem is Zimbabweans mweya wekuba plus huori too much and Strive is very much aware of that …

    • some of us we are zimbabweans working in sa but some sa people with degrees are jobjes(I dont have a digree)

      so if one sa gets a top job earning atlist 1 mill a year so what???

  1. A look at from the past will tell how banks have operated especially in Zim. Some have folded, some have been put under curatorship. In Zim having a bank is just like putting an operational risk. It really requires sound management,maybe a foreign touch will do. On paper, qualified bankers are there but its on deliverance that counts most. These qualified perse are the ones have brought this country to its knees coz of greedness! Its a shame. The owner should not take chances with these positions.Mwana wamambo muranda kumwe.

  2. Normally, most educated leaders are bad leaders
    1. They are not tough, they are just too soft n pple tend to take advantage of it
    2. They are blinded by books n lake leadership qualities, vakapusa, havazive chitsotsi chinoitwa nevanhu, they want to do everything by book and yet in real world its not like that.

    Vanhu vakadzidza, they perform better kana vachishandiswa, not ku manager vanhu, they can’t.

  3. Kwanele is from Zim, I don’t know why they say he is South African. Well, he could have obtained South African citizenship, but I’m sure I know this guy. As an articled clerk, he used to do audits at Wankie Colliery with the then Coopers & Lybrand. Besides, Ngwenya surnames, whilst they can be South African are in the majority Zim – there are very few Ngwenyas in Mzansi.

    This is what always makes it difficult to make out a Mthwakazi in South Africa, whilst its not debatable if the person happens to be Shona, e.g. Mawere – he is South African, but his name and surname just gives him away.

  4. I may have ignorance but its dangerous for you to make a career out of it shown by the way your express view. Do you know the meaning of globalisation?you think hiring a business graduate foreign manager is globalisation?you are a silly pathetic troll. Dont let your stupid poitical orientation shadow your brains with dung

  5. @titus I may have ignorance but its dangerous for you to make a career out of it shown by the way your express view. Do you know the meaning of globalisation?you think hiring a business graduate foreign manager is globalisation?you are a silly pathetic troll. Dont let your stupid poitical orientation shadow your brains with dung

  6. People must learn to mind their own business , strive is where he is today becoz being a hard worker therefore who are to question his appointment of me Ngwenya , strive has a vision and he so it beat that he appoints that specific individual out of a number of pole employed beside do u guys that Fnb was votes no 1 most innovative bank in the world which, so therefore if strive head hunted a strategist who is prt of the success story why’s wrong with that you moegoea

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