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Monday, May 27, 2024

Dr Mushayavanhu begins tenure as RBZ Governor

Story by Stanley James, Business Editor

Dr John Mushayavanhu, an experienced banker, has officially taken over as the new Governor of the Reserve Bank of Zimbabwe (RBZ).

President Emmerson Mnangagwa announced a Statutory Instrument, stating that Dr Mushayavanhu has started his five-year tenure as the new central bank Governor.

He replaces Dr John Mangudya, whose term as the central bank chief has ended.

Dr Mangudya is now the CEO of the upgraded sovereign wealth fund, the Mutapa Investment Fund.

Dr Mushayavanhu’s immediate responsibility is to formulate and present the 2024 Monetary Policy Statement.

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