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 finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", " ...

in the Zimbabwe cabinet appointed by president

Emmerson Mnangagwa Emmerson Dambudzo Mnangagwa (, American English, US: (); born 15 September 1942) is a Zimbabwean politician who has served as President of Zimbabwe since 24 November 2017. A member of ZANU–PF and a longtime ally of former President Robert Muga ...

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, 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 vice president is on t ...

of the

African Development Bank The African Development Bank Group (AfDB) or (BAD) is a multilateral development finance institution headquartered in Abidjan, Ivory Coast, since September 2014. The AfDB is a financial provider to African governments and private companies i ...

. 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 of financial markets. In general, there exist two separate branches of finance that require ...

from

Cambridge University , mottoeng = Literal: From here, light and sacred draughts. Non literal: From this place, we gain enlightenment and precious knowledge. , established = , other_name = The Chancellor, Masters and Schola ...

. On 7 September 2018, President

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

Academic career

Before joining the bank, he was dean and professor of finance at

Wits Business School The University of the Witwatersrand, Johannesburg (), is a multi-campus South African public research university situated in the northern areas of central Johannesburg. It is more commonly known as Wits University or Wits ( or ). The univer ...

and then dean of the faculty of Commerce, Law and Management at the

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

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

London School of Economics , mottoeng = To understand the causes of things , established = , type = Public research university , endowment = £240.8 million (2021) , budget = £391.1 millio ...

. 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 , mottoeng = The Lord is my light , established = , endowment = £6.1 billion (including colleges) (2019) , budget = £2.145 billion (2019–20) , chancellor ...

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 and worked for

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

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 *** Ethn ...

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

World Economic Forum The World Economic Forum (WEF) is an international non-governmental and lobbying organisation based in Cologny, canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer and economist Klaus Schwab. The foundation, ...

) and a governor of the

African Capacity Building Foundation 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 *** Ethn ...

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 value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as t ...

. 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 University of the Witwatersrand academics Alumni of the University of Cambridge 20th-century South African economists 1963 births Living people