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Prof Mthuli Ncube Named Among The Top 5 African Ministers Of Finance

Prof Mthuli Ncube Named Among The Top 5 African Ministers Of Finance

Zimbabwe’s Finance and Economic Development Minister, Professor Mthuli Ncube has expressed delight after being voted and ranked in the top 5 Ministers of Finance in Africa in 2021 by a French publication, Financial Afrik. He said:

I am very pleased to have been voted and ranked in the top 5 Ministers of Finance in Africa in 2021 by the French publication “Financial Afrik”. This is based on a popular vote and qualitative analysis of candidates, and considered by a jury.

The list of the top 5 Finance Ministers ranked in FINANCIAL AFRIK include those of Mauritania, Benin, Nigeria, Zimbabwe and DRC. These ministers were judged to have implemented transformative economic policies with results. Please see page 7.

The publication said about Ncube:

Ancien chef économiste de la Banque Africaine de Développement, Mthuli Ncube a remporté la bataile contre l’inflation et la dépréciation continue de la monnaie zimbabwéenne. Son prochain objectif est de faire passer d’ici 2030 son pays dans le niveau des économies à revenu intermédiaire. En 2022, Hararé cible un déficit de 1,5% du PIB. L’inflation devrait rester à 94,6% en 2021 puis 32,6% en 2922.

Loosely translated: Former Chief Economist of the African Development Bank, Mthuli Ncube won the battle against inflation and the continued depreciation of the Zimbabwean currency. His next goal is to move his country up to the level of middle-income economies by 2030. In 2022, Harare targets a deficit of 1.5% of GDP. Inflation is expected to remain at 94.6% in 2021 and 32.6% in 2922.

This comes as former Finance Minister, Tendai Biti who is a vice president in the opposition MDC Alliance has claimed that Ncube is one of the worst ministers to ever emerge out of Zimbabwe.

Biti cites the economic crisis in the Southern African country, the ballooning debt, and the suffering of the masses as a result of the austerity measures (that were introduced by Ncube to kickstart the economy) as evidence against the Finance minister.

Ncube was appointed Finance Minister in 2018 and has since then introduced a cocktail of measures to address a number of issues including:

  1. a collapsing economy with very low production levels,
  2. heightening poverty, unemployment and inequality;
  3. massive shortages of fuel and other basic commodities;
  4. a liquidity crisis with depositors unable to access their funds from the banks;
  5. Monetary confusion with multi-exchange rates;
  6. Crippling inflation with basic goods becoming unaffordable for the majority;
  7. Collapsing social services characterised by a shortage of drugs and recurrence of cholera in some parts of the country;
  8. A doctor’s strike which seen most hospitals discharging patients before completion of treatment and placing the rest on the risk of death through avoidable conditions; 
  9. Hopelessness among society and an increase in crimes of necessity, violence and rising suicide cases.

While Zimbabwe is on the recovery path, the country is not yet out of the woods.

Other ministers in the top five are Zainab Ahmed (Nigeria); Nicolas Kazadi (DRC), Ousmane Mamoudou KANE (Mauritania), Romuald Wadagni, (Bénin).

More: Pindula News


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21 Comments

Zero 4 months ago

Inflation is expected to remain at 94.6% in 2021 and 32.6% in 2922.

2922 tinenge tichipo.... ngaapinde hake wechidiki


Ghetto Yut 4 months ago

Top 5 or Bottom 5 I think there was a typo


Bright 4 months ago

Iwe pane zvisinga tombode kunzwisisa kana kuti I french nemadhakiro akaita Mari yemuno iyi woti zvinoda kunzwisisa

Larry 4 months ago

Aaaaa panenge pakanyorwa ne French saka inoinzwisisa hapana kkkk

Bright 4 months ago

Inenge bottom 5 iyi a top 5 a imi ana Rwanda South Africa Zambia Nigeria Egypt Zim inokwana papi apa

🤣 4 months ago

What a poor grading system to name characters such as Mthuli as one of the best finance ministers. No wonder nobody knows about the paper 😂


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🧐 4 months ago

Inflation rate yaive pachii pakapinda muzvinafundo avo? Economy ino yakanga ichanfobva kuita dollarize inflation yanga yadzika to optimal levels as far as price stability and improvement in standards of living was concerned. Maonero angu vanogona kunge vaingotaura havo kuti muzvinafundo avo, nema degree avo epa University of Zimbabwe, ne University of Cambridge vakadzidza kupfuura mamwe ma Ministers of Finance emu Africa nepasi rese chete.


DC 4 months ago

What is going on? In the last weeks Dr. Mangudya was ranked amongst the worst Central Bank governors in Africa. Vanoshanda vese sei manje


MaFyt ka_Tkt 4 months ago

Well Well Well, this is good news. Dr Nostro graded C-Graded a better from D-Grade for 2020
and now Prof Vostro now among the top 5.

the reality is that we might be having the good combination for our economy but nkinga iri paOPPOSITION yakadhakwa, or [i dont know wheather its Pesimistic or Optimistic] kaya kakungo gara watoshora usina kana kumbo edza wopinda mazviri

We have Zims in Openning bsnss in foreign lands without even,giving it a try locally. pliz lets bring whatever we are doing in foreign,lands home totangira ipapo


Tobias karebvu 4 months ago

what kind of a top 5 is that 😂😂


The Terraces 4 months ago

Rank him on the reality on the ground. Do you remember Mbeki's "There is no crisis in Zimbabwe when we were sleeping at the Banks. Let us Zimbabweans judge him.


J 4 months ago

Truth be told muface anoziwa basa bt problem zanu Pf. Kuba kuba kuba kuba zanupf kuba.mari yese inopinda politburo yawo inobiwa mugvt. And as if it wasn't enough corruption yakanyanya muZimbabwe.Zvorwadza mhani.zvinorwadza


French Jurist(◉‿◉) 4 months ago

I was top 5 out of the 6 nations that we handpicked🧝🤹🧛💂🧑‍🏫🧑‍🦱


Elder chimut 4 months ago

Top five yemadofo since paakapinda pachigaro hapana chkabuda wakatadza chaiko ngavasada kumunyepera uyo


The Accountant 4 months ago

CONGRATULATIONS TO YOU PROFESSOR MTHULI NCUBE. INDEED IT HAS BEEN A CHALLENGING ROAD AND IT STILL IS AS MANY STILL DOUBT YOUR CAPABILITIES I AM CERTAINLY POSITIVE WE WILL AS A COUNTRY REACH THE ASPIRED MIDDLE INCOME ECONOMY BY 2030.


Jombo 4 months ago

Should we believe Biti or France......i don't know


🤔 4 months ago

Believe yourself look around you, see for yourself

Vybz Kartel 4 months ago

Gara zviya Biti ndiani?

Bright 4 months ago

Tinga believe biti ndi minister we finance here Toto diller nevaripo

Anonimasi 4 months ago

It's not a French publication but a Senegalese publication in French language.


Catalyst 4 months ago

😂😂😂 Thank you for pointing that out. Nobody gives a damn about a falsified paper anyway, the whole world knows Mthuli is shit


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