FBC Holdings CEO John Mushayavanhu appointed as new RBZ Governor

FBC Holdings CEO John Mushayavanhu, a business associate of President Emmerson Mnangagwa, is set to assume the role of governor of the Reserve Bank of Zimbabwe (RBZ) from May 1, 2024.

FBC Holdings CEO John Mushayavanhu, a business associate of President Emmerson Mnangagwa, is set to assume the role of governor of the Reserve Bank of Zimbabwe (RBZ) from May 1, 2024.

President Emmerson Mnangagwa has appointed the board of the Mutapa Investment Fund, fully activating and operationalizing the national sovereign wealth fund.

Zimbabwe's former Finance minister Tendai Biti has strongly criticized the Mutapa Investment Fund, characterizing it as an unconstitutional takeover of the country's funds.