Zimbabwe’s increasingly powerful finance chief set to retain post after election

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Zimbabwean Finance Minister Mthuli Ncube secured the ruling party’s endorsement to stand as a lawmaker in upcoming elections, a possible precursor to his reappointment in the next administration. Moneyweb ZimbabweElections

Zimbabwean Finance Minister Mthuli Ncube secured the ruling party’s endorsement to stand as a lawmaker in upcoming elections, a possible precursor to his reappointment in the next administration. President Emmerson Mnangagwa tapped Ncube, a former Oxford University professor, to help revive an economy that fell into disarray during Robert Mugabe’s 37-year rule.

Mnangagwa, who succeeded Mugabe in 2017, received the ruling party’s backing for a second-term in October and will face off against his arch-rival, Nelson Chamisa, who heads the opposition Citizens Coalition for Change. There are no obvious potential replacements for Ncube as finance minister from within Zanu-PF’s ranks as few of its senior officials have global financial or economic expertise. The minister and Zimbabwe’s presidency didn’t immediately respond to requests seeking comment.

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