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
The threat of regime implosion in Algeria
China Takes Over Zambia’s Airport, National Broadcasting Cooperation And ZESCO Powerplant
Why Nigeria should first support rice farmers before it cuts off imports
Africa in review 2018: Electoral politics, social stability and the need for genuine economic development
Libya: Slow Roll To Salvation
Testing Democracy: The Congolese Election Dossier
Pour la CENCO, les résultats de la présidentielle publiés par la CENI ne correspondent pas aux données collectées par ses observateurs
Tshisekedi’s victory in the DRC is historic – but controversial
Gabon’s coup may be over, but its many crises are not
Félix Tshisekedi élu président de la République démocratique du Congo