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Mthuli Ncube

Mthuli Ncube is Zimbabwe's Minister of Finance and Economic Development, a position he has held since 2018. He is Zimbabwean by nationality and holds a doctorate in mathematical finance from the University of Cambridge. Before entering government, he built an academic and financial career, including a role as chief economist and vice-president of the African Development Bank, and served as dean of a business school in South Africa. His domain of influence spans fiscal policy, currency reform and debt restructuring in Zimbabwe, a country that has struggled with hyperinflation, currency instability and international arrears. Ncube has been central to efforts to stabilise Zimbabwe's currency, including the introduction of new currency arrangements, and to negotiations around the country's mining and critical minerals policy, including measures affecting the lithium and platinum sectors. He recurs in coverage owing to his role in shaping Zimbabwe's economic and mining policy responses to global demand for critical minerals such as lithium, cobalt and platinum-group metals, and in engagements with international lenders and investors. He has also been involved in Zimbabwe's arrears clearance and re-engagement process with international financial institutions. His earlier career included private-sector consulting and investment banking roles across Africa. Ncube's tenure has been marked by debate over Zimbabwe's economic reform trajectory amid persistent inflationary pressure.

Mthuli Ncube News


Lithium concentrate being loaded onto a truck
Zimbabwe half-year lithium exports up 230%
31st July 2026 By: Reuters

Zimbabwe exported lithium products worth $782-million in the first six months of 2026, up from $237-million during the same period last year, Finance Minister Mthuli Ncube said on Thursday. The... 


Zimbabwe Finance, Economic Development and Investment Promotion Minister Mthuli Ncube
Zimbabwe exploring minerals-backed deals with China to fund infrastructure, minister says
25th June 2026 By: Reuters

Zimbabwe is considering using its vast natural resources to fund road and railway construction projects with China, finance minister Mthuli Ncube said on Wednesday. The southern African nation,... 


Finance Minister Mthuli Ncube last month proposed doubling the gold royalty rate to 10% for gold sold above $2 501/oz.
Zimbabwe scraps gold royalty hike, sets higher threshold for windfall tax
17th December 2025 By: Reuters

Zimbabwe has reversed plans to double its gold royalty rate to 10%, a new 2026 budget bill showed on Wednesday, following protests by miners and industry groups. A royalty rate of 5% would... 


An image of tBlanket mine
Caledonia’s Blanket mine profitability exposed to potential royalty changes
1st December 2025 By: Tasneem Bulbulia

London-listed Caledonia Minerals Corporation’s operating Blanket gold mine, in Zimbabwe, is expecting a lower level of profitability and cash generation relative to current market expectations, if... 


Molten gold
Zimbabwe to hike royalties on gold producers to cash in on recent record prices
28th November 2025 By: Reuters

Zimbabwe will hike royalties on gold producers as it moves to take advantage of recent record high bullion prices, a 2026 national budget speech showed on Thursday. As part of a raft of revenue... 


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pqt: 0.043s - ct: 0.084s - 157pq - 2rq
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