Ocnus.Net
News Before It's News
About us | Ocnus? |

Front Page 
 
 Africa
 
 Analyses
 
 Business
 
 Dark Side
 
 Defence & Arms
 
 Dysfunctions
 
 Editorial
 
 International
 
 Labour
 
 Light Side
 
 Research
Search

Africa Last Updated: Sep 10, 2018 - 8:55:43 AM


Zimbabwe president names new finance minister to revive economy
By AFP, 08 Sep 2018
Sep 9, 2018 - 9:38:04 AM

Email this article
 Printer friendly page

Zimbabwe’s newly-inaugurated President Emmerson Mnangagwa on Friday named respected economist Mthuli Ncube as finance minister to revive the country’s battered economy in the first cabinet since his election in a disputed vote.

Ncube, an Oxford University professor who is a former vice president of the African Development Bank, has the tough task of reviving an economy wrecked under Robert Mugabe, who was ousted last year.

The country is battling an economic crisis that includes cash shortages, rising prices of basic commodities, mass unemployment, lack of investment and a shattered infrastructure.

Mnangagwa, who has vowed fixing the economy as his priority, announced sweeping changes to his cabinet after his victory in the July 30 election.

“We want to grow, modernise, mechanise our economy,” he said.

“In the next five years, we should uplift quite a number of our people who are in the marginalised category, (and) uplift them into middle class.”

Mnangagwa’s line up has widely been welcomed by crises-weary Zimbabweans.

“Those are good choices,” said John Robertson, an independent economist.

“It does seem to be a good start, (but) it depends on how much authority he (Mnangagwa) will give his ministers.”

Mnangagwa dropped several faces that had dominated government over four decades of Mugabe’s rule and made changes in the ministries of defence and home affairs, but left untouched the key posts of foreign affairs and lands, held by retired army chiefs.

The new defence minister is Oppah Muchinguri-Kashiri, a former liberation fighter who had held various posts, including that of environment, under Mugabe.

“He has been bold enough to discard people who were known for corruption,” said Godfrey Kanyenze, of the Harare-based Labour and Economic Development Research Institute think-tank.

Former Olympic swimmer Kirsty Coventry, 34, was named sports minister.

Mnangagwa, 75, said he believed the new cabinet trimmed from 33 to 20 was “ideal for our current challenges”.

The Mugabe-era stalwarts dropped include former finance minister Patrick Chinamasa, former information communication technology minister Supa Mandiwanzira and former home affairs minister Obert Mpofu.


Source:Ocnus.net 2018

Top of Page

Africa
Latest Headlines
Nigeria: Terrorists Terrorizing Terrorists
La Grande stratégie et la montée en puissance du pouvoir d’influence de la Chine en Afrique
Xi Jinping pledged $60 billion for Africa. Where will the money go?
The EU’s bank in Africa steps up the action
People across Africa have to travel far to get to a hospital. We worked out how far
How Halliburton Bribed Top 80 Nigerians Report shows IBB, Abacha, Shonekan, Abubakar and scores of eminent Nigerians took Halliburton bribes
How Kabila and the mining giants went from best friends to adversaries
Sudanese President Bashir dissolves government, appoints new PM
This is Why Jose Eduardo dos Santos, Africa’s Last ‘Eternal’ President Bowed Out
Zambia is reportedly in talks with China over acquiring its main power company after defaulting on loan repayment