George Manyere
George Manyere
Born George Manyere
Nationality Zimbabwe
Education Bachelor of Accounting Science and Honours in Accounting Science, Certificate in Theory of Accounting
Alma mater University of South Africa
Occupation
  • Banker
  • Investor
  • Entrepreneur
Organization Brainworks Capital
Known for Investment
Spouse(s) Emily Chirisa

George Manyere is a Zimbabwean entrepreneur, investor, and banker. He is the former Managing Director and Chief Investment Officer of Brainworks Capital Management, a private equity firm he founded.[1] He is mostly known for structuring major investment and acquisition deals as well as indigenisation transactions for very large companies and conglomerates operating in Zimbabwe. He left Brainworks in February 2017 and later sold his stake in December 2017.

Contents

Education

George Manyere attended Churchill Boys High until 1995. He has a Bachelors Degree in Accounting Science with the University of South Africa, 1997-2000

Career

Prior to founding Brainworks Capital in 2008, George was an investment professional with the private sector arm of the World Bank, International Finance Corporation (IFC), headquartered in Washington DC. While at the IFC, he invested in excess of US$600 million in sub-Saharan Africa with some of his notable transactions yielding 216% IRR and 38% IRR respectively. He managed a portfolio of investments in excess of US$400 million and represented the IFC on several investee boards.[1]

George led the structuring and acquisition of a 28% controlling stake in Premier Finance Group Limited and seconded to Premier Bank to undertake the restructuring and recapitalisation of the banking group. Notable achievements at Premier bank, include the successful attraction of foreign shareholders to the bank in a US$6 million transaction with African Development Corporation (ADC) and KMQ Enterprises (a Mauritius investment firm), the successful restructuring of the banks governance structures and balance sheet and the successful conclusion of a transaction with Ecobank Transnational Incorporated in a US$10 million transaction which ensured the bank is fully recapitalised, rebranded and is positioned for significant growth in partnership with Ecobank, a leading pan-African Bank, whose asset base is in excess of US$9 billion.[1]

Post Ecobank’s investment in Premier Bank, he successfully completed the execution of his mandate at Premier Bank and resumed his executive role at Brainworks Capital.[1]

Leaving Brainworks

In December 2017, George Manyere (together with fellow Brainworks founder Walter Kambwanji) sold their shareholding in the Brainworks and acquired the company’s investment in Getbucks.[2]

References

  1. 1.0 1.1 1.2 1.3 Directors, George Manyere, Brainworks Capital Website, Retrieved:28 January 2015, Published:28 January 2015
  2. Brainworks founders exit group, The Herald, Published:19 December 2017, Retrieved:18 May 2018