Vetaran banker, Munatsi dies

Vetaran banker, Munatsi dies

      Douglas Tawanda Munatsi

THE Chief Executive Officer of the Zimbabwe Investment and Development Agency (ZIDA) Douglas Tawanda Munatsi, died early this morning after his flat in Harare caught fire.

The top banking boss(52) who was a successful farmer also worked at BancABC as a chief executive.

Sources said the police are still investigating the case in which the business executive died around 4 am in his 9th floor flat at the corner of Fifth Street and Josiah Tongogara Avenue.

Family spokesperson Theddy Gazi confirmed the sad development saying investigations to determine the cause of the fire are underway.

“It is with deep sadness that I announce to the members of the public and family members who are not in the know at this time that Douglas Tawanda Munatsi passed on in the early hours this morning due to a fire that occurred at his residence. We are still as a family making plans for his funeral, nothing has been determined, neither has the cause of the fire determined. It is still in the hands of the police who are investigating. We will be informing you as time goes on about the funeral arrangements as they become decided upon by the family members. Mr Munatsi was alone in the house at the time of the incident,” he said.

He also said the family has lost a great teacher.

“Mr Munatsi was a teacher, especially for myself, I have worked with him for over 13 years. He was a teacher, he was a person who was always keen to teach and impart knowledge and all, through his experiences in the business community and other areas. As a family we have lost a son, a brother, husband and father. It’s a loss not only for the organisation he served- ZIDA but also for the private businesses he operated, where we are all part of,” he added.

Munatsi is survived by his wife and three sons.

Mourners are gathered at House Number 29 Morningside Drive, Mt Pleasant in Harare.

Burial arrangements will be announced in due course.