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April 3rd, 2017
Joe Sibanda

Joe Sibanda

Joe Sibanda, BancABC Zimbabwe MD

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Joe Sibanda is the BancABC Zimbabwe Managing Director.

He is a seasoned banking executive with 39 years of experience, having worked for reputable financial institutions such Standard Chartered Bank Zimbabwe Limited, Standard Chartered Merchant Bank Zimbabwe Ltd, Syfrets Corporate and Merchant Bank (Sybank) the Merchant Banking Division of Zimbabwe Banking Corporation Holdings Limited (FINHOLD), in various leadership positions.

He joined African Banking Corporation of Zimbabwe Limited in 2000 as the Banking Executive Director responsible for developing and implementing strategies for the banking division.

He proceeded to various senior leadership roles in the different countries including the Managing Director for BancABC Mozambique, BancABC Zimbabwe and BancABC Botswana respectively where, he was responsible to plan, develop and direct implementation of business, financial and operational strategies in order to achieve the strategic goals of the Country and Group.

Sibanda was subsequently re-appointed as the MD for BancABC Zimbabwe in 2014.

He implemented strategies to transform BancABC Botswana from a leasing company to a fully-fledged business bank between 2002 and 2004 resulting in customer deposit portfolio growing 4 fold.

During his tenure at African Banking Corporation of Zimbabwe, the bank was voted the best listed company in the Financial Services sector in Zimbabwe for 2006 and 2007.

Sibanda holds a BCom Degree in Economics and Business Management and a Certificate from the Institute of Bankers of South Africa.

He is an associate of the Institute of Bankers in Zimbabwe.

He attended various training programmes including Strategy and Management in Banking, Executive Leadership, Trade Finance and Asset Liability Management.

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