Ex-FML boss appointed Prime Minister's business adviser

HARARE – Top Zimbabwe business executive Norman Sachikonye, the former group Chief Executive Officer of then First Mutual Limited (FML) is now an adviser in Prime Minister Morgan Tsvangirai's office, sources said on Tuesday.

Sachikonye was ejected from FML together with then chairman Ian Makone after they had used used a vehicle, Capital Alliance to buy shares from the group. The shares were meant for top executives.

The Zimbabwe Stock Exchange then protested against the move leading to the resignation of the Sachikonye and Makone from the FML board in June 2004.

Reliable sources said Sachikonye was lured into Tsvangirai’s office by long time friend and colleague Makone who is running the show in the Prime Minister’s office. Makone is secretary to the Prime Minister and oversees the day to day running of the office.

Makone is responsible for recruiting key staffers and was the brains behind the recruitment of former DJ, James Maridadi as Tsvangirai’s spokesperson.

Sachikonye has a strong financial and insurance background, having worked for 16 years at FML. He was instrumental in the transformation of the company from a mutual society to a listed public company.

Before joining FML, Sachikonye worked at Old Mutual as Corporate Financial Accountant and at Deloitte and Touche Chartered Accountants where he qualified as a chartered accountant.