President Emmerson Mnangagwa has moved to sharpen Zimbabwe’s economic management by gazetting clear mandates for the Minister of Finance and the Minister of Economic Development and Investment Promotion. This move aims to end overlap and provide each portfolio with a focused role in driving national growth.
The assignments are detailed in an Extraordinary Government Gazette published yesterday, outlining the Acts of Parliament and associated subsidiary legislation assigned to each minister. This follows the splitting of the previously combined Ministry of Finance and Economic Development on October 8, 2026.
Key Players Involved
- President Emmerson Mnangagwa: Directed the clarification of ministerial roles to enhance economic management.
- Professor Mthuli Ncube: Minister of Finance, now responsible for the national purse, revenue collection, banking and financial regulation, public debt management, and engagement with international financial institutions.
- Dr Kuda Tagwirei: Minister of Economic Development and Investment Promotion, assigned the administration of the Competition Act and the Census and Statistics Act.
Event Timeline
- October 8, 2026: The Ministry of Finance and Economic Development was split into two separate ministries.
- November 12, 2026: Extraordinary Government Gazette published, detailing the clarified mandates for the new ministerial portfolios.
