by Harare Post reporters
The nation has pinned hopes on the new slim cabinet which was appointed on Friday by President Mnangagwa who himself was given a five-year mandate to run the country.
A Government official who spoke to Harare Post on condition of anonymity said the Cabinet appointments would be a remedy to our economic woes. He said the nation’s hopes were particularly pinned on the Minister of Finance and Economic Development, Professor Mthuli Ncube.
“Expectations are that the incoming Minister of Finance and Economic Development should address the issue of foreign currency shortages which has been crippling the manufacturing sector and pay off the country’s foreign debt which is currently at US$20 billion. The civil servants also expect to be paid their salaries and 13th cheque on time.
“Professor Ncube is a financial and economic expect who is also the past Vice President and Chief economist of Africa Development Bank (AfDB). I feel he shall use his expertise to ensure that the financial sector of the economy improves rapidly,” said the Government Official.
Responding to questions by Journalist at State House on the Cabinet’s capacity to deliver, President Mnangagwa said he had appointed a Cabinet that was going to turn around the economy.
“I have appointed a Cabinet which I feel will deliver as I promised... we shall continue with the hundred day cycles,” said the President.
On its website, Blavatnik School of Government states that, “Mthuli Ncube is a Visiting Professor at the University of Oxford. He has a background in academia, banking, investments and public policy.
“Professor Mthuli Ncube is currently Managing Director and Head of Quantum Global Research Lab (Switzerland), part of Quantum Global Group, the largest Private Equity group dedicated to investing in Africa. Quantum Global Research Lab conducts investment research and advises private sector and public sector clients on Africa and African policy-makers.”
“From 2014 to 2017 he led a multi-disciplinary project on the Economics of HIV (Rethink HIV) project at the Blavatnik School of Government as Professor of Public Policy. He joined from the African Development Bank (AfDB), where he was a Chief Economist and Vice President. He is ranked as a top economic thinker on Africa and globally,” says the Blavatnik School of Government.
