K.C.I Microfinance CEO Rufasha dies

Rachel Murondi


Chiredzi – K.C.I Microfinance founder and Chief Executive Officer (CEO), Dr Kenneth Rufasha (54) is no more.

He died due to a kidney failure at Parirenyatwa Hospital in Harare on Sunday where he was admitted for three days.

His daughter, Asmta Rufasha confirmed the death to The Mirror. He will be laid to rest at the family homestead in Muteredzanwa under Chief Nemauzhe in Chivi on Saturday.

Rufasha was instrumental in the licencing of microfinances and was a member of the Zimbabwe Microfinance Institutions (ZAMFI). He worked for CBZ and was a consultant for Agribank during the setting up its micro finance section.

He is also a co-founder of Acebs, a fast-growing college in Mvuma.

 “My father passed away on Sunday after a short illness. He was a cheerful and humble person who has left a big gap in the family and in the corporate world,” said Asmta.

Dr Rufasha was a respected academic who held a PHD in Entrepreneurship from Nottingham Trent University in the UK. He was a founder board member of Lupane State University (LSU) and lectured Masters in Business Administration (MBA) at the Open Learning Centre in Harare which works with universities outside the country.

He registered KIC in 2005 and set up its first branch in Chivhu. The company grew phenomenally and it now has 72 branches nationwide.

He is survived by his wife Irene, seven children and four grandchildren. https://masvingomirror.com

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