President Emmerson Mnangagwa has initiated a significant administrative shift by restructuring Zimbabwe’s Ministry of Finance, Economic Development and Investment Promotion. The move sees the separation of the Treasury function from economic development and investment promotion responsibilities, effective immediately.
Professor Mthuli Ncube has been reassigned to solely head the Ministry of Finance, retaining oversight for national budgeting, public finance management, resource mobilisation, and macro-economic policy.
Key Players Involved
- President Emmerson Mnangagwa: Exercised constitutional powers to restructure the ministry.
- Professor Mthuli Ncube: Reassigned as Minister of Finance.
- Dr. Kudakwashe Tagwirei: Appointed to lead the newly established Economic Development and Investment Promotion portfolio, focusing on driving economic growth and attracting investment.
- Dr. Martin Rushwaya: Chief Secretary to the President and Cabinet, who announced the changes.
Event Timeline
- October 8, 2026: President Mnangagwa announced the immediate restructuring of the Ministry of Finance, Economic Development and Investment Promotion.
