A nine-member foreign currency allocation committee has been named with representation from critical ministries and the Reserve Bank of Zimbabwe, Minister of Finance and Economic Development Prof Mthuli Ncube announced last night.

The committee was one of the reform measures announced in the National Budget Statement presented to Parliament on November 22 2018. The Budget proposed to “establish a strong inclusive framework, through an interim foreign currency allocation committee, with broader representation as was the case in the past”.

In line with that policy, the minister announced the following members of the new committee. The committee will be co-chaired by senior officials from the Ministry of Finance and Economic Development and the RBZ.

Office of the President and Cabinet

Mr A. Chikondo

Ministry of Finance and Economic Development

Mr Z. R. Churu

Mr D. Muchemwa

Ministry of Industry and Commerce

Mrs F. Makombe

Ministry of Energy and Power Development

Col M Mudzinganyama

Reserve Bank of Zimbabwe

Mr A. Saburi

Mr F. Masendu

Mr G. Mawire

Mr E. Matiza