{"id":88173,"date":"2023-12-12T11:39:37","date_gmt":"2023-12-12T09:39:37","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-ncube-zimbabwe-shock-as-finance-minister-named-africas-best"},"modified":"2023-12-12T11:39:37","modified_gmt":"2023-12-12T09:39:37","slug":"mthuli-ncube-zimbabwe-shock-as-finance-minister-named-africas-best","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-ncube-zimbabwe-shock-as-finance-minister-named-africas-best","title":{"rendered":"Mthuli Ncube: Zimbabwe shock as finance minister named Africa\u2019s best"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>Many Zimbabweans have reacted with astonishment after Mthuli Ncube was named \u201cBest African Finance Minister of the Year\u201d despite the country\u2019s economic turmoil.<\/p>\n

One user on X, formerly known as Twitter, said the award was \u201cakin to applauding a captain for steering a ship straight into an iceberg\u201d.<\/p>\n

Another user called it \u201cthe greatest joke of the decade\u201d.<\/p>\n

Zimbabwe\u2019s unemployment rate is as high as 85%, economists say<\/p>\n

Up to 80% of transactions are carried out in US dollars because of a lack of confidence in the local currency, according to the Reuters news agency.<\/p>\n

Reputation Poll International \u2013 an organisation that says it \u201cmanages reputations\u201d \u2013 gave Mr Ncube the award on Sunday.<\/p>\n

The minister, who was appointed by President Emmerson Mnangagwa in 2018, told the state-controlled Herald newspaper that he was delighted to receive the honour.<\/p>\n

He said it was recognition of the work he and the Treasury team had done that has \u201cspearheaded the transformation of the economy\u201d.<\/p>\n

However, activist Hopewell Chin\u2019ono said on X that the award was an \u201cinsult\u201d to Zimbabweans.<\/p>\n

He expressed incredulity especially after Mr Ncube\u2019s recent budget, that Mr Chin\u2019ono dubbed \u201cthe most anti-people national budget that Zimbabwe has ever had\u201d.<\/p>\n

This will see an increase in taxes, and hike passport fees to $200 (\u00a3160), up from $120, making it the most expensive in the region.<\/p>\n

Mr Chin\u2019ono added that Mr Ncube was \u201cpresiding over the worst economy in the world\u201d brought about by his \u201cmisguided and corrupt policies\u201d.<\/p>\n

Zimbabwe\u2019s economy has been struggling for decades. The Zimbabwe dollar was withdrawn in 2009 after inflation reached a staggering 231 million per cent, meaning prices were changing by the hour.<\/p>\n

Critics blame mismanagement by the ruling Zanu-PF party, first under Robert Mugabe and then Mr Mnangagwa. They have in turn blamed sanctions imposed by Western countries.<\/p>\n

Over the weekend Zimbabwe held controversial by-elections after MPs from the main opposition party, Citizens Coalition for Change (CCC), were recalled.<\/p>\n

Zanu-PF candidates won seven of the nine by-elections but remains three seats short of the two-thirds parliamentary majority required to change the constitution.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. Many Zimbabweans have reacted with astonishment after Mthuli Ncube was named \u201cBest African Finance Minister of the Year\u201d despite the country\u2019s economic turmoil. One user on X, formerly known as Twitter, said the award was \u201cakin to applauding a captain for steering a ship straight into an iceberg\u201d. Another user called it […]<\/p>\n","protected":false},"author":84,"featured_media":88172,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,8,12],"tags":[1493,2189,19],"class_list":["post-88173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-zimbabwe-2","tag-zimbabwe"],"yoast_head":"\nMthuli Ncube: Zimbabwe shock as finance minister named Africa\u2019s best - zimbabwe<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-ncube-zimbabwe-shock-as-finance-minister-named-africas-best\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mthuli Ncube: Zimbabwe shock as finance minister named Africa\u2019s best\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Zimbabwe. Many Zimbabweans have reacted with astonishment after Mthuli Ncube was named \u201cBest African Finance Minister of the Year\u201d despite the country\u2019s economic turmoil. One user on X, formerly known as Twitter, said the award was \u201cakin to applauding a captain for steering a ship straight into an iceberg\u201d. 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