HARARE-Zimbabwe’s president Emmerson Mnangagwa has appointed a 24 member advisory board to help his ailing administration. The board composes of industry, financial, infrastructure, health and development experts.
Since replacing Mugabe in November 2017, Mnangagwa has struggled to steer the economy in the right direction while social cohesion has drastically gravitated southwards.
Inflation has gone up from 3% to 42% while the parallel exchange rate has worsened with the local money RTGS/Bond losing at least 60% in value in value between 2017 and 2019.
The country’s money supply which has been instrumental in driving inflation has soared from $7 billion to $10 billion as government continued to pump treasury bills to save its bloated fiscus.
The external trade position has worsened from a balance of -$1.8 billion in 2017 to -$2.4 billion in 2018 which shows a growing import bill overtaking exports growth.
Government ambitiously targets to attain an upper middle income status by 2030 which implies a per capita income of $3500. This would demand a per annum growth rate of at least 7% over the next 12 years a far cry from the present growth levels and the negative direction the aggregate is taking.
Below is the President’s 24 member advisory team as announced on Wednesday, one of the appointees has since turned down the offer.
Busisa Moyo. – URL CEO
Divine Ndhlukula. – Securico Founder/ CEO
Joe Mutizwa. – Corporate expert, Former CEO Delta Corp
Zondo Sakala. – CE IDBZ
Lewis Maxwell Musasike
Dr Norbert Mugwagwa
Dr Godfrey Sikipa
Dr Lindiwe Sibanda
Sam Malaba. -CE Agribank
Professor Kuzvinetsa Nzvimbo
Natalie Jabangwe. – MD Ecocash
Trevor Ncube – Chairman AMH
Janah Ncube – Oxfam Director
Dr Shingi Munyeza – Former CE African Sun
Dr Kenneth Mtata -ZCC President
Simon Hammond – CABS CE
Richard Wilde. -Ex CBZ Board Chair, Ex RBZ Dep governor
Kudakwashe Tagwirei. -Founder Sakunda Holdings
Prof. Robson Mafot. – CEO SIRDC
Mfaro Moyo – UNDP Resident Rep