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Is Mangudya going to leave RBZ?

John Mangudya the Reserve bank governor is facing a hard time as the public is speculating on the social media about his dismissal as the RBZ governor. The environment continues not to act in his favour as Zimbabwe is facing an economic meltdown.

Mangudya has since become unpopular since the time he introduced the bond notes and vowed that if they do not work he would resign as the governor. Now his expulsion as the governor seems to be inevitable as a new competitor that is coming Andrew Bvume.

Efforts to get any comments from John Mangudya were fruitless as his phones were out of reach at the time of publication of this article.

The farewell party that was held by World Bank for Andrew Bvume has led to the public wondering if he might be coming back home to lead the RBZ.

Andrew Ndaamunhu Bvumbe, a Zimbabwe national, serves as an Executive Director for Africa Group 1 Constituency (AFG1). He was serving as Alternate Executive Director from November 2014 to October 2016.

Bvumbe’s professional  background includes experience in macroeconomic management as a senior official in the Ministry of Finance, Reserve Bank of Zimbabwe and as Executive Director at the African Development Bank. Prior to joining the WBG, he served as Head of the Aid and Debt Management Office at the Ministry of Finance. Before that he served as Permanent Secretary for Planning in the Ministry of Economic Planning; Director in the Privatization Agency of Zimbabwe; and as Principal Director in the Ministry of Finance and Economic Development. Earlier in his career he served as Chief Economist and Assistant Director for Economic Research and Policy at the Reserve Bank of Zimbabwe.

Bvumbe was Executive Director at the Board of the African Development Bank from 2007 to 2010, and Alternate Executive Director from 2005 to 2007.  He holds MSc and BSc in Economics from the University of Zimbabwe.

 

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About Tafara Clayton Mushope

Photographer, intern journalist at ZimOnline News