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Nigel Chanakira

SMI Team Gauteng
Nigel Chanakira

Nigel Muranganwa Kudzayi Chanakira Profile (42 Years)

Nigel is a University of Zimbabwe honours graduate and post-graduate in Economics. He also holds a Diploma in Banking and was a prize student. He has attended numerous Zimbabwean and international banking, executive and leadership courses.

Nigel founded Kingdom in 1994 with his business partners and his group has gone through birthing green field companies in Southern Africa and making a series of strategic mergers and acquisitions thereby creating Kingdom Meikles Africa, one of the largest listed groups by market capitalisation on the Zimbabwe Stock Exchange with a secondary listing in London. The Kingdom group has earned him numerous local and international business awards. In 1996 he was awarded Success Motivation Institute’s Zimbabwe Client of the Year. Four years latter Nigel won the Zimbabwe Institute of Management’s ‘Manager of the Year in the year 2000.’ In 2001, the same year in which Kingdom was voted Top Performing Company on the Zimbabwe Stock Exchange, the World Economic Forum selected Nigel Chanakira - among 100 other young leaders for the foundation’s Young Global Leaders programme (2002 till 2008). The criteria for selection includes having achieved a position of considerable influence and responsibility, having shown commitment to public affairs and demonstrated leadership in addressing issues beyond their immediate professional interest. In 2003, Nigel was voted ‘Empretec Zimbabwe’s Entrepreneur of the Decade,’ Zimbabwe’s JayCees ‘Outstanding Business Personality’ and, the University of Zimbabwe’s 2003 Alumni of the year. In 2002 and 2007 Success Motivation Institute, Waco Texas, USA voted Nigel’s organisation Kingdom SMI World Client of the Year making them the only organisation to have ever won this prestigious world wide award twice.

In a space of 15 years, Nigel he with the assistance of a gifted and strategically selected youthful team (Team Kingdom) has transformed a small four-man money broking operation into one of the largest financial services groups in Zimbabwe with operations in Botswana and Malawi. More recently, Nigel has guided his team from the bottom 7 to the top 2 listed ZSE financial services groups. Kingdom’s sparkling results in 2006 earned the group the prestigious – ‘2006 Best Turnaround Company’ award from the Zimbabwe Independent following a Quoted Companies Survey. Furthermore, Mr Chanakira won the ‘2006 Business Personality of the year award’ for sound leadership qualities. Subsequently, in September 2007 Kingdom, under Nigel’s leadership was awarded the Zimbabwe Financial News (Zfn) Award for being the First share on the ZSE to post a 100 000% gain within a calendar year. In line with that publicly stated ambition, in December 2007 Kingdom concluded the largest merger ever undertaken on the ZSE merging four companies with Meikles Africa Limited, Tanganda Tea Company and Cotton Printers thereby creating the largest Zimbabwean conglomerate with a secondary listing on the London Stock Exchange. Nigel was appointed the inaugural Group Chief Executive Officer of the new Kingdom Meikles Africa Limited (KMAL). Upon its first day of listing, KMAL rose 33, 3%. Kingdom Financial Holdings was voted the 2007 Top Quoted Company on the ZSE and the 2007 Top banking group on the ZSE. For his outstanding achievement’s Nigel was voted the 2007 Director of the Year in Zimbabwe.

In October 2009 KFHL was demerged from Meikles Africa Ltd due to a protracted shareholder dispute and Nigel reverted to directing the activities of the financial services group that he founded with plans to expand it in Southern Africa. Outside the Kingdom group, Nigel’s directorships include chairmanship of Success Motivation Institute (Africa) and Velociti Solutions (South Africa) and he sits on the board of the Christian Community Partnership Trust (a coalition of Christian businesses combining their resources to have greater impact upon the communities in which they operate). Nigel is a philanthropist as evidenced by his numerous private and public donations. Nigel is married to Caroline, and they have 3 sons and a daughter.