JUST IN: RBZ boss Mangudya ‘s contract renewed

President Emmerson Mnangagwa has extended Reserve Bank of Zimbabwe governor John Mangudya’s term of office for five more years with effect from May 1.

Chief secretary to the President and Cabinet Mishech Sibanda made the announcement on Friday.

“His Excellency the President of the Republic of Zimbabwe ,Cde Emmerson Mnangagwa ,acting in terms of Section 14 of the Reserve Bank Act (Chapter 22:15).The extension takes effect from May 1 2019 for another five years,” wrote Sibanda.

The extension comes in the wake of speculation that Mangudya was given a boot at the highest office at the apex bank.

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