Minister of Finance, #Zimbabwe. Past Vice President & Chief Economist,@AfDB_Group. Professor, @UniofOxford. PhD Economics(Mathematical Finance),@Cambridge_Uni
Joined March 2011
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When we set off on our mission to transform the #Zimbabwe economy, there was of course cynicism. But fast forward three years and the environment is entirely different. The painful reforms we initiated in late 2018 are beginning to bear fruit. bit.ly/3f0fLDO
Prof. Mthuli Ncube retweeted
GOLDMAN:
“.. we are starting to see clearer signs that the AI impact is spreading beyond the technology sector. .. the share of US firms that have adopted AI in regular business functions now shows a statistically significant negative correlation with employment growth ..”
Prof. Mthuli Ncube retweeted
The 2027 Pre-Budget Seminar enters its final day today in Bulawayo, following three days of presentations and deliberations on Zimbabwe’s economic performance, fiscal outlook and key national development priorities.
Today’s proceedings will be highlighted by responses from the Minister of Finance, Economic Development and Investment Promotion, Hon. Prof. Mthuli Ncube, to issues, proposals and recommendations raised during the Seminar.
The engagements will help shape the policy direction and priorities of the 2027 National Budget, in line with the theme: “Accelerating Economic Transformation and Building Resilience to Climate and Global Shocks.”
youtube.com/live/trR77bRDeCQ…
Prof. Mthuli Ncube retweeted
THE Government is targeting the completion of at least 200 kilometres of rehabilitation works on the Bulawayo-Victoria Falls Highway by the end of the year as efforts to upgrade the key transport corridor gather pace.
f.mtr.cool/lk12gayds2
Prof. Mthuli Ncube retweeted
Every job could combine people, agents, and robots in new ways. One-third of US jobs are people-centric, 40% are agent or robot-centric, and the rest are hybrid.
See how this mix is evolving: mck.co/aiskills
Prof. Mthuli Ncube retweeted
Elon Musk believes AI will produce so many goods and services that it will lead to deflation. Our analysis suggests, however, that he might have to wait a bit longer for his age of abundance economist.com/graphic-detail…
Prof. Mthuli Ncube retweeted
Data centers are popping up all over the world at stunning speed. But not everyone is rolling out the welcome mat. foreignpolicy.com/2026/10/28…
Prof. Mthuli Ncube retweeted
Anthropic is gearing up for what's expected to be the biggest IPO in Wall Street history, despite the company's warning that its technology could have 'existential and catastrophic' risks for humanity. Elena Casas explains what's at stake reut.rs/4zWZ97C
Prof. Mthuli Ncube retweeted
Day 3 of the 2027 National Pre-Budget Seminar afternoon session , Portfolio Chair Hon. E. Maoneke outlined critical funding priorities for Ministries under the Portfolio Committee on Defence and War Veterans Affairs.
He stressed that resources are urgently required to maintain core administrative functions, honour war victims’ compensation, and sustain welfare support.
Submissions strongly advocated for an upward revision of the sector's funding ceiling, prioritising improved living allowances, housing initiatives for war collaborators and the recapitalisation of key investment vehicles.
During the plenary session, stakeholders emphasized robust domestic resource mobilization driven by the "veterans' economy."
Key proposals focused on commercializing state-held business enterprises and partnering with private investors to reactivate idle assets across mining, agriculture and tourism.
Regarding the Ministry of Defence, discussions highlighted pressing operational requirements and necessary infrastructure upkeep.
It was indicated that ground and air assets require routine servicing, while long-overdue housing and medical facilities must be brought to completion.
Delegates reiterated that strong defence capabilities remain vital to national security and economic stability, requesting dedicated funding for essential logistics including fuel, rations, uniforms and specialized training programs.
To enhance financial self-sustenance, Hon. Maoneke noted that consultations recommended commercializing strategic business units within the defence portfolio.
Immediate interventions were urged to finish stalled military hospital and cantonment infrastructure projects, alongside funding for national mine-clearance operations and defence research and development.
Finally, consultations regarding the Ministry of Home Affairs underscored the vital link between national identity management and state security.
Prof. Mthuli Ncube retweeted
Ahead of the U.S. midterm elections next week, a wonderful conversation at the recent @EconClubNY's luncheon with @CharlieCookDC founder of the Cook Political Report in conversation with Bob Rubin, former U.S. Secretary of the Treasury, on the 2026 midterms, the reliability of polling, and what is driving volatility in American politics.
Prof. Mthuli Ncube retweeted
Congratulations to Christine Lagarde on her extraordinary leadership of the European Central Bank. It has been my pleasure working with her through some of the most consequential moments of the past two decades.
She has been a tower of strength and humanity in every role she has held. I know her service will continue long into the future.
And while she has more than earned the much-needed break she deserves, I know that many, myself included, will continue to turn to her for advice and counsel.
I have just informed my colleagues that I will step down as @ECB President on 7 February 2027.
It has been a source of great pride to serve this institution.
I thank all of those who have supported me on this journey over the past seven years.
Prof. Mthuli Ncube retweeted
DAY 3 PRE-BUDGET SEMINAR
Day Three of the National Pre-Budget Seminar centred on key proposals submitted to the Ministry of Finance. Among other Ministries, the Youth and Sports Ministries laid out future priority submissions to align spending with national development.
The Ministry of Sports, Recreation, Arts and Culture presented its review, confirming funds were used effectively for priority programs. The ministry noted that all remaining balances are fully committed to active national projects.
Submissions to Treasury emphasized the critical need for more predictable cash releases during major international fixtures. Funding regional and continental tournaments like the Youth Olympic Games required significant reallocations from approved budgets.
On infrastructure, submissions made clear that completing modernization works at the National Sports Stadium remains critical. Priorities also include continued upgrades to regional venues, university gymnasiums, and sports centres nationwide.
The Sports Ministry submitted a strong case for expanding cultural infrastructure to preserve national heritage. Projects like the Njelele community cultural centre demonstrate how targeted investment expands access to creative industries.
Submissions detailed a successful external resource mobilization strategy involving non-state institution partnerships. These collaborations funded energy upgrades, anti-doping education, and Paralympic games to reduce reliance on central government funds.
Turning to youth development, the Youth Ministry submitted a compelling case that funding young people is an economic necessity. Addressing youth unemployment and substance abuse requires practical policies backed by consistent financial releases.
Prof. Mthuli Ncube retweeted
ZIMBABWE'S DIESEL CONSUMPTION SURGES 14.4% - SIGN OF GROWING ECONOMIC ACTIVITY.
Zimbabwe consumed 1.22 billion litres of diesel in the first nine months of 2026, up 14.4% from 1.07 billion litres in the same period in 2025, according to ZERA data.
Diesel consumption reached a record 165.9 million litres in April 2026, the highest monthly figure since records began in 2009.
The rising fuel demand is an encouraging indicator of increased economic activity, consistent with growth in mining, agriculture, transport and other productive sectors.
Prof. Mthuli Ncube retweeted
Je souhaite exprimer ma profonde reconnaissance à Christine @Lagarde pour son engagement européen et pour l’action déterminée qu’elle a menée à la tête de la banque centrale européenne au service de la stabilité de la zone Euro et de la prospérité de notre Union dans une période jalonnée par de nombreuses crises.
Son parcours nous rappelle que la stabilité n’est jamais acquise : elle se construit par une action résolue, le sens de l’intérêt général et la confiance dans notre avenir commun. Merci pour votre contribution à une Europe forte et résiliente.
La transition à la tête de la BCE doit désormais se préparer de manière ordonnée et équilibrée avec nos partenaires européens.
Prof. Mthuli Ncube retweeted
Hon. Prof. Mthuli Ncube provided an update on the construction of Lupane Provincial Hospital, noting that contractors are now on site and work is progressing. He highlighted Government's commitment to strengthening the health sector through increased budget allocations, in line with the Abuja Declaration and efforts to improve access to quality healthcare services.
#ZIMBUDGET2027
Zimbabwe is rising, and the numbers now confirm it. As of October 2026, according to the IMF, Zimbabwe is ranked the 14th largest economy in Africa with a GDP of $65.92 billion. In the same year, our economy grew by 5%, with a projected 3.5% growth in 2027 despite the El Niño challenge. This is not by chance, it is the result of deliberate and disciplined economic management.
This progress is a direct dividend of the fiscal discipline restored under the Second Republic. Under the visionary and steady leadership of President E.D. Mnangagwa, Zimbabwe has moved from deficits to surpluses, from volatility to stability, and from uncertainty to confidence. Budgetary order, a stable currency, controlled inflation and renewed investor confidence are now driving real, productive growth across all sectors.
What we are witnessing is Vision 2030 in motion. Zimbabwe is no longer on the sidelines; we are now counted among Africa's top economies and we are outperforming many traditional giants. This is the Second Republic delivering results for its people, and with unity and continued hard work, we will keep building the prosperous Zimbabwe we all want.
Prof. Mthuli Ncube retweeted
Global trade is moving faster than ever. Six regional briefings track how goods trade is evolving across major economies through partner realignments and sectoral shifts.
Explore the new site and this quarter's briefings: mck.co/tradebriefings
Prof. Mthuli Ncube retweeted
By 2030, automation could unlock $450 billion in annual economic value across Latin America.
Capturing it will depend less on new tech breakthroughs – and more on how we redesign workflows and how quickly human skills adapt.
Learn more: mck.co/aiskills-latam
Prof. Mthuli Ncube retweeted
Providing an update on deliberations around the sugar tax at the 2027 National Pre-Budget Seminar, Hon. Prof. Mthuli Ncube indicated that discussions had reinforced the need to maintain the levy on sugar-sweetened beverages, emphasising that its primary purpose is to promote public health and generate resources to support the health sector. He noted that stakeholder engagements had helped clarify misconceptions around the tax and had strengthened the case for its continuation.
#ZIMBUDGET2027
Prof. Mthuli Ncube retweeted
WATCH: Nigeria's Dangote refinery closed its $1.6 billion initial public offering, after attracting investors across Africa to what the continent's richest man called 'The People's IPO' reut.rs/4zPQkMI
Prof. Mthuli Ncube retweeted
Europe's investment gap: €800B/year.
The US manufacturing shortfall: $2T.
China adding productive capital 3–5× faster than the US and Europe combined.
The map is being redrawn. mck.co/competitiveness
