Mthuli Ncube (born 30 November 1964),The journal ''Africa Confidential'' lists his birth date as 30 November 1964 ; although the entry at uses 1963. is the

Finance Minister A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfoli ...

in the Zimbabwe cabinet appointed by president

Emmerson Mnangagwa Emmerson Dambudzo Mnangagwa ( , ; born 15 September 1942) is a Zimbabwean politician who has served as the president of Zimbabwe since 2017. A member of ZANU–PF and a longtime ally of former president Robert Mugabe, he held a series of cabin ...

and past

chief economist Chief economist is a single-position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of respons ...

and

Vice President A vice president or vice-president, also director in British English, is an officer in government or business who is below the president (chief executive officer) in rank. It can also refer to executive vice presidents, signifying that the vi ...

of the

African Development Bank The African Development Bank Group (AfDB, also known as BAD in French) is a multilateral development finance institution, headquartered in Abidjan, Ivory Coast since September 2014. The AfDB is a financial provider to African governments and ...

. He holds a PhD in

Mathematical Finance Mathematical finance, also known as quantitative finance and financial mathematics, is a field of applied mathematics, concerned with mathematical modeling in the financial field. In general, there exist two separate branches of finance that req ...

from

Cambridge University The University of Cambridge is a Public university, public collegiate university, collegiate research university in Cambridge, England. Founded in 1209, the University of Cambridge is the List of oldest universities in continuous operation, wo ...

. On 7 September 2018, President

announced Zimbabwe's new cabinet where he named Professor Mthuli Ncube as the Finance Minister. In the

2023 Zimbabwean general election General elections were held throughout Zimbabwe on 23 and 24 August 2023 to elect the President of Zimbabwe, president, legislators and councillors. The main race for presidential office was between two candidates of Kalanga people, Karanga or ...

, Ncube lost the newly created seat of

Cowdray Park Cowdray Park refers to * Cowdray Park, Gauteng, a suburb of Johannesburg, South Africa *Cowdray Park, West Sussex The park lies near Easebourne, West Sussex, in the South Downs National Park. The estate belongs to Viscount Cowdray, whose famil ...

to Pasho Raphael Sibanda from the

Citizens Coalition for Change The Citizens Coalition for Change (CCC) is a Zimbabwean political party. It was established by former members of the Movement for Democratic Change Alliance. Background Nelson Chamisa formed Citizens Coalition for Change after losing the squa ...

Academic career

Before joining the bank, he was dean and professor of finance at Wits Business School and then dean of the faculty of Commerce, Law and Management at the

University of the Witwatersrand The University of the Witwatersrand, Johannesburg (), commonly known as Wits University or Wits, is a multi-campus Public university, public research university situated in the northern areas of central Johannesburg, South Africa. The universit ...

(Wits) as well as a lecturer in finance at the

London School of Economics The London School of Economics and Political Science (LSE), established in 1895, is a public research university in London, England, and a member institution of the University of London. The school specialises in the social sciences. Founded ...

. He has published a number of award-winning papers in the area of finance and economics as well as a number of books including, ''Mathematical Finance: Option and Asset Pricing''; ''South African Dictionary of Finance'' (editor); ''Financial Systems and Monetary Policy in Africa''; ''Development Dynamics: Theories and Lessons from Zimbabwe''; and ''Monetary Policy and the Economy in South Africa'' (with Eliphas Ndou). Ncube is currently a visiting professor at the

University of Oxford The University of Oxford is a collegiate university, collegiate research university in Oxford, England. There is evidence of teaching as early as 1096, making it the oldest university in the English-speaking world and the List of oldest un ...

Work at the African Development Bank

Ncube was the Chief Economist and Vice President of the

(AfDB). As Chief Economist, he oversaw the Economics Complex, which is focused on the process of knowledge management within the Bank and with its partners, and general strategic economic research within the Bank. In this regard, he supervised the Development Research Department, Statistics Department and African Development Institute. As a vice president, Professor Mthuli Ncube was a member of the senior management team of the Bank and contributed to its general strategic direction.

Other work

Ncube was also a regulator and a board member of the South African Financial Services Board (FSB), which regulates non-bank financial institutions in South Africa, founding chairman of

Barbican and Selwyn Capital A barbican (from ) is a fortified outpost or fortified gateway, such as at an outer defense perimeter of a city or castle, or any tower situated over a gate or bridge which was used for defensive purposes. Europe Medieval Europeans typically bu ...

and worked for

Investec Investec is an Anglo- South African international banking and wealth management group, founded in Johannesburg, South Africa. It provides a range of financial products and services to a client base in Europe, Southern Africa, and Asia-Pacific. ...

Asset Management as a Portfolio Manager and Head of Asset Allocation Strategy. Ncube has also been chairman of the Board of the

African Economic Research Consortium African or Africans may refer to: * Anything from or pertaining to the continent of Africa: ** People who are native to Africa, descendants of natives of Africa, or individuals who trace their ancestry to indigenous inhabitants of Africa *** List ...

, chairman of the Global Agenda Council on "Poverty and Economic Development" (

World Economic Forum The World Economic Forum (WEF) is an international non-governmental organization, international advocacy non-governmental organization and think tank, based in Cologny, Canton of Geneva, Switzerland. It was founded on 24 January 1971 by German ...

) and a governor of the African Capacity Building Foundation.

Finance Minister

Ncube was appointed Finance Minister of Zimbabwe on Friday 7 September 2018 under President Emmerson Mnangagwa's government. In 2019, he presided over the conversion from foreign currency to a new Zimbabwean currency, and the resultant return of

hyper-inflation In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real versus nominal value (economics), real value of the local currency, as the prices of all goods increase. This causes people to minimiz ...

. Ncube suspended publishing inflation data after June 2019, and in October 2019 he indicated inflation figures for Zimbabwe would again be released in February 2020.

Personal life

Ncube is married and has four children or more.

Notes and references

External links

Profile at the African Development Bank
{{DEFAULTSORT:Ncube, Mthuli 21st-century South African economists Finance ministers of Zimbabwe Academic staff of the University of the Witwatersrand Alumni of the University of Cambridge 20th-century South African economists 1963 births Living people