Cleopas Chiyangwa

Chief Investment Officer — NCDF Investment Management Plc

Cleopas Chiyangwa serves as Chief Investment Officer of NCDF Investment Management Plc, leading investment strategy, research, portfolio construction and investment performance oversight. He guides the evaluation and management of investment opportunities, aligning capital allocation with client objectives, mandate requirements and disciplined risk management.

Role at NCDF Group

Through NCDF Investment Management Plc, he is responsible for:

  • Leading investment strategy across funds, portfolios and institutional mandates.
  • Overseeing investment research, due diligence, financial modelling and valuation.
  • Guiding asset allocation, portfolio construction and investment recommendations within approved mandates and authority limits.
  • Monitoring portfolio performance, liquidity, concentration and investment risk.
  • Directing the investment team and strengthening investment processes and reporting.
  • Presenting investment proposals and portfolio reviews to the Investment Committee and relevant governance bodies.
  • Working with risk, compliance and operations teams to maintain investment discipline and fulfil fiduciary responsibilities.

Leadership Mandate

His mandate is to build a rigorous, research-led investment function that pursues sustainable, risk-adjusted returns while protecting investors’ interests. He is responsible for translating investment objectives into executable strategies, maintaining consistent portfolio oversight and supporting transparent reporting to clients and institutional stakeholders.

Within the wider NCDF Group, he contributes investment expertise to fund development and the assessment of real-economy opportunities, subject to independent due diligence, approved mandates and appropriate governance.

Experience

Cleopas Chiyangwa brings over fifteen years of experience in audit, risk assurance, financial advisory and institutional governance, with exposure to private and public sector environments.

He has advised organisations on strengthening internal controls, improving financial reporting, managing enterprise risk and enhancing operational performance. His expertise includes financial modelling, strategic planning and infrastructure project feasibility analysis.

This background provides a foundation for assessing investment opportunities, examining financial and operational risks, and applying disciplined judgement to capital allocation and portfolio oversight.

Areas Of Focus

  • Investment strategy and asset allocation.
  • Investment research, due diligence and valuation.
  • Portfolio construction and performance monitoring.
  • Fund and institutional mandate management.
  • Investment risk, liquidity and capital preservation.
  • Financial modelling and infrastructure investment analysis.
  • Investment governance and investor reporting.