PRESIDENT Emmerson Mnangagwa has appointed FBC Holdings Limited CEO John Mushayavanhu as new Reserve Bank of Zimbabwe (RBZ) governor.
He will replace John Mangudya whose term comes to an end on April 30, 2024.
Mnangagwa confirmed the changes in a statement this afternoon.
“His Excellency the President has in terms of Section 8 (b) (1) of the Sovereign Wealth Fund Act [Chapter 22:20] appointed Dr. John Panonetsa Mangudya to the post of Chief Executive Officer of the Mutapa Investment Fund. Dr. Mangudya’s 10-year term of office at the helm of the Reserve Bank of Zimbabwe ends on 30 April Dr. Mangudya shall be succeeded by Dr. John Mushayavanhu as Governor of the Reserve Bank of Zimbabwe,” part of the statement read.