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AFC Holdings Group Chief Executive Office, Francis Macheka received the Diamond award for Strategic Business Leader at the 2022 MegaFest Awards held in the capital last week.
This follows the successful establishment of AFC Holdings in 2021 through the unbundling of Agribank. Agribank was transformed into AFC Holdings which houses the AFC Land and Development Bank; AFC Commercial Bank; AFC leasing Company and AFC Insurance Company.
Francis has over 20 years in General Management and Executive Directorship roles. He is a Banking and Agricultural Development expert with a proven record of business leadership in commercial and agricultural banking, strategy, and financial inclusion.
He is a full member of the Institute of Directors Zimbabwe (IoDZ), a Board member, and a Deputy Chairperson of the Farmers Development Trust of Zimbabwe.
Francis holds a Master’s degree in Business Leadership from the University of South Africa, having qualified with a Bachelor of Science Agriculture (Hons) degree from the University of Zimbabwe. He holds a higher diploma in marketing (LCCI UK), a Higher Certificate in Business Management (IAC Southern Africa), an Advanced Diploma in Bank Credit Management, and a Diploma in Credit Management both from the Damelin School of Banking in South Africa.
Francis has contributed to several panels and expert forums, including an esteemed paper on NPL Analysis and Strategies which he presented at the SADC DFCR CEO’s forum (2014). Francis joined the then Agricultural Bank of Zimbabwe as an Executive Director: Banking and Agricultural Development in 2007, a position that he held until his elevation to the position of Group Chief Executive Officer of AFC Holdings. Prior to joining Agribank, Francis was with Syfrets Corporate and Merchant Bank (A subsidiary of ZB Bank) as the General Manager of Agribusiness.
Francis’ role is very strategic in driving the transformation of Zimbabwe’s agriculture sector as the Group was strategically formed to steer the agriculture sector towards the attainment of vision 2030 goals, with a particular focus on driving food security.