Zimbabwe's Mnangagwa appoints son as deputy finance minister in new cabinet

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Zimbabwe's Mnangagwa appoints son as deputy finance minister in new cabinet
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Zimbabwean President Emmerson Mnangagwa on Monday appointed his son as the deputy finance minister and retained Mthuli Ncube as the finance minister as he battles to rescue the country's ailing economy.

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The 80-year-old leader is under pressure to rebuild an economy hit by lack of foreign investment, unemployment, high inflation and a local dollar which has plunged 80% this year.in a disputed vote last month, which the opposition described as a "gigantic fraud" amid criticism from election observers who say the election failed to meet regional and international standards.

Mnangagwa appointed his son David Mnangagwa to be Ncube's deputy as part of the parliament's youth quota, while also announcing Soda Zhemu to head the mining ministry. Mining generates more than half of Zimbabwe's foreign export earnings and Mnangagwa has said the sector, which is attracting investors in lithium mining, will anchor future economic growth.

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Reuters /  🏆 2. in ZA
 

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