Mangudya’s Job On The Line, FBC’s Mushayavanhu Tipped To Replace Him

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Reserve Bank of Zimbabwe (RBZ) governor John Mangudya’s job is reported to be on the line as President Emmerson Mnangagwa is said to be looking at revamping Treasury. Mnangagwa has already replaced former Minister of Finance Patrick Chinamasa and former Permanent Secretary Willard Manungo in favour of Mthuli Ncube and former Barclays CEO George Guvamatanga. First Banking Corporation (FBC) boss John Mushayavanhu has been tipped to replace Mangudya.

Sources who spoke to New Zimbabwe,

Mangudya’s days are numbered. It’s highly unlikely he will keep his job and if he does it will only be until his term ends in February next year…Mushayavanhu is Mnangagwa’s homeboy and has headed First Banking Corporation in which Mnangagwa is reported to have interests. Mushayavanhu has also been linked with Zuva Petroleum where the President is reportedly a shareholder.

Mangudya who promised to resign if the bond notes failed has refused to honour his promise saying that bond notes have been a success.


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George GuvamatangaJohn MushayavanhuJohn Mangudya

George Guvamatanga is a senior civil servant and the current Permanent Secretary In the Ministry of Finance and Economic Development in Zimbabwe. He is the former Managing Director of Barclays Zimbabwe. He was also the president of the Bankers Association of Zimbabwe (BAZ). Read More About George Guvamatanga

John Mushayavanhu is a Zimbabwean business leader known mostly for his role as FBC Holdings Group Chief Executive Officer. Mushayavanhu joined FBC Bank as an Executive Director in the Corporate Banking Division in October 1997. After FBC Holdings was established in 2004, he was appointed... Read More About John Mushayavanhu

John Panonetsa Mangudya is an economist and the current Reserve Bank of Zimbabwe governor. Mangudya, who sits on many local and international boards .He was made RBZ governor after the expiry of Gideon Gono's term in 2014. He had been CBZ Holdings Ltd Chief Executive... Read More About John Mangudya

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