Zimbabwean academic appointed to African Bank

mthuli_ncubeJOHNANNESBURG Academic and banker Professor Mthuli Ncube (Pictured) has been appointed chief economist of the African Development Bank (AfDB).

He takes over from Louis Kasendeke, who has returned to Uganda, where he will take up a new post as the deputy governor of the Bank of Uganda. Before his new appointment, Ncube was the dean of the faculty of commerce, law and management at Witwatersrand (Wits) Business School in Johannesburg, after serving as head of school and professor of finance at the same school.

The 47-year-old former banker went to South Africa in 2004 after falling out with the Reserve Bank of Zimbabwe (RBZ) over alleged mismanagement at Barbican Bank, a financial institution that he had created after converting Trade and Investment Banks merchant banking licence into a commercial banking licence. Before the appointment of Gideon Gono, Ncube was one of the candidates touted as possible material to lead the bank.

Post published in: Economy

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