By 
By Ross Moyo
The Africa Report has published its dossier titled “The women running Africa’s economies” — Zimbabwe edition. The dossier profiles 10 women who currently oversee tax, public finance, banking, telecoms, security and tourism assets.
Who makes it: The list is compiled by The Africa Report, a Paris-based pan-African business publication. Its Zimbabwe top 10 includes Elizabeth Tanya Masiyiwa, Vimbai Masiyiwa, Sarah Masiyiwa, Chipo Mtasa, Divine Ndhlukula, Sibongile Moyo and four other executives in dairy, beverages, ZIMRA and public finance.
Why they are there: They were selected because they directly control or oversee institutions that collect, allocate or generate billions in revenue — from the sovereign wealth fund, the banking sector and the largest taxpayer telecoms group to tourism and security firms employing thousands.
The full Zimbabwe list includes:
1. Chipo Mtasa — Chairperson, Mutapa Investment Fund, which oversees 30+ state-owned enterprises including ZESA, Air Zimbabwe, NetOne, POSB and mining assets valued at over US$16 billion. She works with MIF CEO Dr John Panonetsa Mangudya.
2. Elizabeth Tanya Masiyiwa — Non-executive director, Econet Wireless Zimbabwe and EcoCash Holdings Zimbabwe. CEO of Delta Philanthropies UK and Akello edtech.
3. Sarah Masiyiwa — Alternate Director, Econet Wireless Zimbabwe, appointed October 2025. Manages private and public investment portfolios.
4. Vimbai Masiyiwa — Co-founder and CEO, Batoka Africa, safari lodge group operating Zambezi Sands and Gorges Lodge near Victoria Falls.
5. Divine Ndhlukula — Founder and Managing Director, Securico Security Services, with over 4,500 employees.
6. Sibongile Moyo — Managing Director, Nedbank Zimbabwe.
7 to 10. Executives leading Zimbabwe’s dairy, beverages, tax administration and public finance functions, as profiled by The Africa Report.
Focus on the Masiyiwa family:
Elizabeth Tanya Masiyiwa replaced her father Strive Masiyiwa on the Econet board in April 2022 after he stepped down for governance reasons. Econet is Zimbabwe’s largest mobile operator with over 10 million subscribers and is a top three corporate taxpayer. EcoCash Holdings processes over US$8 billion in transactions annually.
Vimbai Masiyiwa, 28, a graduate in Computer Information Systems from Bryant University and MSc Entrepreneurship from UCL, was named Forbes 30 Under 30 Africa in 2024. Batoka operates solar-powered, plastic-free lodges and channels 10% of revenue to community projects through the Tesse Fund.
Sarah Masiyiwa, Economics and Journalism graduate from New York University, contributes investment strategy oversight to the Econet board.
Together, the three sit on boards of telecoms and fintech entities whose connectivity, payments and digital services contribute significantly to Zimbabwe’s GDP through taxes, employment and transaction volumes.
The Zimbabwe list is part of The Africa Report’s 8-country dossier, with similar lists for Nigeria, South Africa, Ghana and Kenya.
Comments