Zimbabwe Investment and Development Agency CEO Douglas Tawanda Munatsi, generally known as Doug Munatsi, a business executive and entrepreneur who was the country's investment face, has died.
He died early this morning in a fire incident at his Northfields apartment in Harare.
He died early this morning in a fire incident at his Northfields apartment in Harare.
The NewsHawks, which is busy investigating the incident that raises suspicions of foul play, has established Munatsi died in his bedroom in the fire incident.
There was a fire at the flat, and residents were evacuated, but he remained locked in and was burnt to death inside.
There was a fire at the flat, and residents were evacuated, but he remained locked in and was burnt to death inside.
Residents interviewed by The NewsHawks say the apartment had no electricity for the past three days, and when power was restored there was fire outbreak.
They were evacuated before returning to their units, but later Munatsi was found dead in his bedroom.
They were evacuated before returning to their units, but later Munatsi was found dead in his bedroom.
In a statement, the Northfields Owners Association chairman C Gardiner said:
"The association wishes to advise stakeholders that at approximately 02.50AM, on Monday 29th November, a fire was detected by the occupant of flat C9 in Northfields.
"The association wishes to advise stakeholders that at approximately 02.50AM, on Monday 29th November, a fire was detected by the occupant of flat C9 in Northfields.
"There was no electricity at the time due to a cable fault.
The occupant in C10 heard commotion and noise, and went to his balcony to investigate further. There, he heard from the occupant of C9 that there was a fire and he asked to call the fire brigade.
The occupant in C10 heard commotion and noise, and went to his balcony to investigate further. There, he heard from the occupant of C9 that there was a fire and he asked to call the fire brigade.
"At 02.59, the fire brigade was called, and they arrived at 03.11.
They fought the blaze for 2 hrs, and despite their efforts, they were unable to save the occupant of C9, who is believed to be Mr Douglas Munatsi.
They fought the blaze for 2 hrs, and despite their efforts, they were unable to save the occupant of C9, who is believed to be Mr Douglas Munatsi.
"Thanks must be given to the professionalism and endeavors of the City of Harare Fire Brigade. Without their intervention, is it very likely that more lives would have been lost and more property destroyed.
"The Association has engaged the services of a forensic fire investigator to assess the cause the of the fire."
Munatsi was a co-founder of ABC Holdings (which owns BancABC), since its formation in 2000, until its acquisition by Atlas Mara in 2014.
At the time of his death, he was the chief executive officer of the Zimbabwe Investment and Development Agency (Zida).
At the time of his death, he was the chief executive officer of the Zimbabwe Investment and Development Agency (Zida).
Munatsi was a partner at DBF Capital Partners, a Mauritius-based onvestment holding company focusing on private equity, specifically sector-agnostic principal investing.
The company is invested in oil and gas, financial services and real estate.
The company is invested in oil and gas, financial services and real estate.
DBF Capital Partners has operating offices in Four Ways, Johannesburg, South Africa, and in Harare, Zimbabwe. It works with regional and international partners in delivering a wide range of financial services to its clients.
Politically, Munatsi was President Emmerson Mnangagwa’s close ally from the corporate world. Mnangagwa appointed him Zida CEO last year.
His death smells of foul play.
His death smells of foul play.
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