Business endorses Mthuli Ncube

ZIMBABWE'S business executives have endorsed Professor Mthuli Ncube's Friday appointment as Finance Minister with some hoping he leveraged from his education and vast experience in world business to end the country's dire economic situation.

The 55-year-old academic takes over from Patrick Chinamasa who did not get any portfolio in the latest cabinet appointments.

Confederation of Zimbabwe Industries president Sifelani Jabangwe said the new minister was rightly placed for the job.

Renowned economist, Aenias Chuma said Ncube was "a very good duck with concrete and traceable experience in the academic and finance sector".

Zimbabwe National Chamber of Commerce, past president, Divine Ndhlukula was full of Mnangagwa praise for appointing Ncube to one of the country's most important ministries.

Godfrey Kanyenze, the Labour and Economics Development Research Institute of Zimbabwe director said Ncube was "the right man for the job" as he was both experienced in finance and was educated.

Confederation of Zimbabwe Retailers president, Denford Mutashu said Ncube was right for the job as he had a lot of international finance and trade experience.

Ncube has long history in the finance, academic and economic related disciplines.

He has served as a lecturer in finance at the London School of Economics, UK before joining the Africa Development Bank where he served as vice president and Chief Economic Officer.

Ncube is Professor of Public Policy at Blavatnik School of Government, University of Oxford, where he has been teaching and researching in the areas on macroeconomics, finance, development economics, political economy, and health economics.

He has served as Vice President and Chief Economist of the African Development Bank Group (AfDB), among other top posts he has occupied.