Zimbabwe's money man, Professor Mthuli Ncube, shocked onlookers with bold demands for cheaper cash at the exclusive G20 finance club meeting! The treasury boss didn't mince words Wednesday as he stormed Cape Town, South Africa, representing the entire Southern African bloc despite Zimbabwe not even being invited to the elite economic party.
Sources reveal Ncube has positioned himself as the mouthpiece for the entire SADC region, flaunting his chairmanship of the Committee of Finance Ministers. Insiders whisper he's scheduled numerous "strategic" private meetings on the sidelines with powerful global figures. The professor appears determined to exploit his temporary position before South Africa snatches the spotlight with its fresh G20 Presidency that runs until November 2025.
"We're adding the voice of SADC as we think through critical issues bedeviling the world," Ncube declared in a sensational statement posted to social media. The finance czar dramatically claimed Africa desperately needs "cheaper capital" and "commercial capital" with longer terms - demands certain to raise eyebrows among international lenders who've questioned Zimbabwe's financial management.
Behind closed doors, the meetings reportedly tackled explosive topics, including climate response, disaster management, and how Africa might cash in on its valuable energy minerals. "Can Africa squeeze a just transition in greening our economies?" Ncube provocatively asked, suggesting wealthy nations might be shortchanging the continent.
Most shocking was his audacious call for blended capital models in which concessionary funding would essentially guarantee commercial investments—a scheme that would shift financial risk away from private investors onto public institutions. "The concessionary side can guarantee the commercial capital," he asserted, outlining his controversial vision.
The G20, initially formed after the Asian financial crisis of the late 1990s, transformed into a premier leaders' summit following the 2007 global financial crash. Critics question whether Professor Ncube's dramatic demands will sway this powerful economic forum or merely provide him with international photo opportunities during Zimbabwe's temporary, regional chairmanship.
Sources reveal Ncube has positioned himself as the mouthpiece for the entire SADC region, flaunting his chairmanship of the Committee of Finance Ministers. Insiders whisper he's scheduled numerous "strategic" private meetings on the sidelines with powerful global figures. The professor appears determined to exploit his temporary position before South Africa snatches the spotlight with its fresh G20 Presidency that runs until November 2025.
"We're adding the voice of SADC as we think through critical issues bedeviling the world," Ncube declared in a sensational statement posted to social media. The finance czar dramatically claimed Africa desperately needs "cheaper capital" and "commercial capital" with longer terms - demands certain to raise eyebrows among international lenders who've questioned Zimbabwe's financial management.
Behind closed doors, the meetings reportedly tackled explosive topics, including climate response, disaster management, and how Africa might cash in on its valuable energy minerals. "Can Africa squeeze a just transition in greening our economies?" Ncube provocatively asked, suggesting wealthy nations might be shortchanging the continent.
Most shocking was his audacious call for blended capital models in which concessionary funding would essentially guarantee commercial investments—a scheme that would shift financial risk away from private investors onto public institutions. "The concessionary side can guarantee the commercial capital," he asserted, outlining his controversial vision.
The G20, initially formed after the Asian financial crisis of the late 1990s, transformed into a premier leaders' summit following the 2007 global financial crash. Critics question whether Professor Ncube's dramatic demands will sway this powerful economic forum or merely provide him with international photo opportunities during Zimbabwe's temporary, regional chairmanship.
