ZIMSPHERE
Zimbabwe Stock Exchange-listed cable manufacturer has appointed ex-Zimplow CEO Vimbai Nyakudya, as its new Chief Executive Officer, effective June 3, 2024.
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| Different companies, same chair — Ex-Zimplow CEO Vimbai Nyakudya has been appointed new CEO of CAFCA. |
Nyakudya had resigned from Zimplow executive leadership in April 2024, after spending five years at the helm of the diversified heavy equipment manufacturer and distributor.
Mr Nyakudya is a chartered accountant with almost 20 years' experience in management — rising from Audit Manager at KPMG to Group CFO at Zimplow before he was promoted to the role of CEO. He is also a holder of a Masters Degree in Business Leadership from UNISA.
Established in 1947, CAFCA is a manufacturer and supplier of cable and allied products for the transmission and distribution of electrical energy and telecommunication. Its primary market is Southern and Central Africa, with an export footprint that extends to parts of Europe, including Russia.
The company was listed on the Zimbabwe Stock Exchange on May 1, 1997. As at close of business on 30 May 2024, CAFCA [CAFCA.zw] was trading at 621.3121 ZiG cents on the Zimbabwe Stock Exchange.
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