Cafca appoints Nyakudya as new CEO

The cable manufacturer has been operating without a substantive CEO since the departure of Rob Webster at the end of February.
Cafca Limited has appointed chartered accountant Vimbayi Nyakudya as its chief executive officer (CEO)with effect from June 3.

The cable manufacturer has been operating without a substantive CEO since the departure of Rob Webster at the end of February.

“Vimbayi Nyakudya, a qualified chartered accountant and experienced chief executive officer, will take over the executive leadership of Cafca with effect from Monday the 3rd of June 2024,” board chairperson Honour Mkushi said in a statement.

Nyakudya last month stepped down from Zimplow where he had been CEO since January 2019.

In its financial results for the half year ended March 31, 2024, Cafca’s turnover in inflation-adjusted terms was ZWL$686 billion against ZWL$483 billion in the prior period last year.

The growth in turnover propelled the cable manufacturer to a profit after tax of ZWL$145,51 billion during the period under review, an increase from ZWL$116,87 billion as of March 31, 2023.-newsday