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Grace Muradzikwa is the managing director of short-term insurer Nicoz Diamond.
Muradzikwa is recognised as the first female managing director to win
two IoDZ director of the year awards since their inception in 2004.
The Nicoz Diamond boss is credited with spearheading the formation of
vision, mission and values of the short-term insurance group. Nicoz
Diamond is listed on the Zimbabwe Stock Exchange. Grace Muradzikwa also
created the vision, mission and value statements for the regional
operations in Malawi, Zambia, Angola and Uganda where Nicoz Diamond has
management contracts. The Nicoz Diamond managing director gives general
direction and has overall responsibility over strategy formulation for
Nicoz Diamond and regional operations that the company manages. Her
strategy of country diversification has helped the company cope with the
challenging environment of 2008 to 2009.
Grace Muradzikwa, with over 24 years’ experience in the insurance
sector, is committed to and passionate about her work, which has seen
her receive numerous personal awards as well as on behalf of Nicoz
Diamond. The awards were for first black female to list and head a
publicly traded company in Zimbabwe, 1996 Insurance Personality of the
Year, 2004 Zimbabwe Manager of the Year runner up, 2005 quoted companies
Best Insurance Counter and Zimbabwe National Chamber of Commerce 2005
Businesswoman of The Year.
Muradzikwa sits on the boards of Nicoz Diamond, Africa University,
United General Insurance (Uganda), Consolidated Farming Investments as
deputy chairperson, Diamond General Insurance (Zambia), Nissan Clover
Leaf Panel Beaters and Justice for Children. She is a holder of Bachelor
of Administration and Master in Business Administration degrees from
the University of Zimbabwe. She is also a Fellow of the Insurance
Institute of South Africa.Well before high powered board meetings, make-or- break presentations and other executive demands, a much younger Grace Muradzikwa cut her
management teeth doing just about everything in her family’s various
During school holidays, Grace and her siblings would rise
well before dawn. Depending on the day of the week, they’d alternately toil away at any of the family’s ventures which included service stations and retail
outlets, oftentimes till well after 10pm. Grace eyes light up as she
recalls how this early induction into entrepreneurship firmly set her on
the path to becoming a business leader.”From making orders, to
receiving stock and serving clients, I learnt what profit means at a
very early age,” she animatedly says.Grace ‘s leadership skills would be
further honed while acting as head girl at two of the schools she
attended.Today the Managing Director of Nicoz Diamond, still wakes up
long before the proverbial cockerel has crowed, only now it’s to head
Zimbabwe’s largest short term insurance conglomerate.
Quite interestingly Grace says that the greatest challenges she’s faced
as a professional woman, has been around creating adequate time for
family and friends as well as good old fashioned “me time”.”Balance is
impossible; you just have to learn how to juggle your different roles
and responsibilities, says Grace.The award winning director goes on to
say that it is important for any business leader to ensure that their
core support network, which is their family, understands and appreciates
what they do.