THE Indigenous Advisory Practitioners Association of Zimbabwe (IAPAZ) has officially registered the IAPAZ professionals Savings and Credit Cooperative Society Limited (SACCO) under the Co-operative Societies Act [Chapter 24:05], marking a pivotal milestone in Zimbabwe’s cooperative finance landscape.
This strategic initiative underscores IAPAZ’s commitment to fostering financial empowerment, investment and wealth creation for its members.
The IAPAZ SACCO aims to provide professionals and MSMEs with accessible credit facilities, investment opportunities, and financial security. Members will benefit from a suite of tailored financial products designed to support entrepreneurial growth, wealth creation, and long-term financial stability.
To lead this transformative venture, IAPAZ has appointed Abraham Mubvumbi, a distinguished investment professional, as SACCO's Chief Executive Officer.
Mubvumbi is a South African-registered Chartered Accountant with extensive expertise in private equity and asset management, he brings a wealth of global experience, positioning the SACCO for sustained growth and financial resilience.
Mubvumbi has an impressive track record in high-value transactions across diverse industries. His tenure at BlackRock Inc., one of the world's largest wealth managers, saw him serve as Vice President for a premier private equity firm based in Ireland. He also held senior positions at PwC Ireland and PwC South Africa, advising on multi-billion-dollar investments within the Wealth and Asset Management Unit.
Beyond corporate finance, Mubvumbi sits on the board of Youth Innovation Environment Leadership and Diversity International (YIELD International) in Ireland, an organization dedicated to fostering youth collaboration and leadership.
Additionally, he is a member of The Council on Foreign Relations and serves as an assessor for the Mandela Washington Fellowship for Young African Leaders.
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“The appointment of Mubvumbi under Sections 57(4) and 64 of the Cooperative Societies Act represents a deliberate step towards building a world-class SACCO. His leadership in private equity, coupled with his deep understanding of financial markets, will be instrumental in delivering sustainable financial solutions for our members,” stated IAPAZ President and Chairman, Nyasha Gonese.
“These affiliations reinforce our governance framework, risk management capacity, and financial innovation, positioning us at par with global best practices,” added Gonese
To commemorate this milestone, IAPAZ has scheduled a high-profile launch cocktail event for the last Friday of May 2025. The event is expected to draw key stakeholders, including representatives from professional bodies, financial institutions, local authorities, and leading SACCOs from Kenya. Notably, Mwalimu National, Kenya’s largest cooperative with an asset base exceeding $600 million, has confirmed its participation.
“This launch will not only celebrate the SACCO’s establishment but will also provide a platform for strategic partnerships and innovation in the cooperative finance sector. Our secretariat is actively finalizing the logistics to host a distinguished delegation from Kenya,” Gonese confirmed
By bridging the gap between professional advisory services and tangible financial solutions, IAPAZ is set to empower its members not just as advisors on wealth creation but as active participants in the financial ecosystem. With Mubvumbi at the helm and an influential launch event on the horizon, the IAPAZ SACCO is poised to emerge as a regional powerhouse in cooperative finance and investment.
