Feature
PRACTICE
Spotlight on Zimbabwe’s risk profession Education and awareness are key to developing the risk management profession in Zimbabwe, according to a ground-breaking IRM-backed study BY SMARNTHA SHONHIWA & DAVID CHIMSITU
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n an ever-dynamic world, risk management plays an important role in ensuring that organisations continue to generate value for their stakeholders and shareholders. Our baseline risk management survey (supported by IRM) was the first of its kind in Zimbabwe, and it covered risk management personnel drawn from four sectors of the economy: financial services, mining, tourism and energy. These sectors are considered to be some of the major drivers of economic turnaround in Zimbabwe with the mining sector being the biggest foreign currency earner. The purpose of the risk management survey was to understand how these sectors are approaching risk management. Additionally, the level of risk management development, training, and impediments to the development of risk management within the targeted sectors was also gauged. We hope that the results obtained from the survey will form the basis for more focused researches within the targeted sectors. This is vital in promoting the growth of risk management within sectors, improving the process of value creation and ultimately aiding the turnaround of the Zimbabwean economy.
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The level of professional risk management education and training is one of the most important indicators of both current and potential future growth of the risk management profession
Enterprise Risk
