President Mnangagwa Gazettes Ministerial Responsibilities for Mthuli Ncube and Kuda Tagwirei

President Emmerson Mnangagwa has formally divided the responsibilities of Zimbabwe’s Finance and Economic Development ministries, spelling out the specific duties of the two portfolios following their separation last month.

The new arrangements, published in an Extraordinary Government Gazette, give Finance Minister Professor Mthuli Ncube and Minister of Economic Development and Investment Promotion Dr Kuda Tagwirei distinct legal responsibilities.

The changes are intended to eliminate overlapping functions and establish clearer lines of accountability as Government pursues economic growth, investment and financial stability.

The two portfolios were previously combined before being split on October 8.

Also Read: Mnangagwa Appoints Kudakwashe Tagwirei As Minister In Major Cabinet Shake-Up

Government Gazettes New Ministerial Responsibilities

The new framework is contained in Statutory Instrument 180 of 2026 and Statutory Instrument 181 of 2026, which outline the functions assigned to each minister.

The instruments repeal the 2023 Assignment of Functions (Minister of Finance and Economic Development) Notice, published under Statutory Instrument 197 of 2023.

Both notices were issued in accordance with the Constitution, read together with Section 37(2) of the Interpretation Act.

The latest changes also amend the existing allocation of responsibilities within the Ministry of Industry and Commerce through SI 181 of 2026.

Analysts have described the development as a clear indication that the Second Republic wants economic management to operate under defined responsibilities, making it easier to hold individual ministers accountable for their performance.

What Falls Under Mthuli Ncube’s Finance Ministry?

Under SI 180 of 2026, Ncube’s portfolio will oversee legislation governing Government revenue, expenditure, public borrowing and the country’s financial sector.

The assigned laws include the Public Finance Management Act, Reserve Bank of Zimbabwe Act, Revenue Authority Act, Income Tax Act, Value Added Tax Act and Customs and Excise Act.

Other legislation placed under his ministry covers the Banking Act, Insurance Act, Securities and Exchange Act, Public Debt Management Act and Money Laundering and Proceeds of Crime Act.

The Finance Ministry will also administer laws relating to Zimbabwe’s membership of the African Development Bank, international financial organisations, pension and provident funds, state lotteries and public accountancy.

The Public Accountants and Auditors Act will be administered jointly with the Minister of Justice, Legal and Parliamentary Affairs.

Essentially, Ncube’s responsibilities will centre on managing the national finances, collecting taxes, overseeing financial institutions, regulating the banking sector and managing public debt.

Tagwirei’s Ministry Gets Competition and Statistics Mandates

Meanwhile, SI 181 of 2026 assigns two key pieces of legislation to Tagwirei’s Ministry of Economic Development and Investment Promotion.

These are the Competition Act and the Census and Statistics Act.

Although the allocation covers fewer laws than those assigned to the Finance Ministry, both have important implications for the country’s economic direction.

The Competition Act provides the legal framework for promoting fair business practices, preventing anti-competitive conduct and protecting consumers from practices that undermine competition.

It is particularly relevant to creating an environment in which businesses can compete fairly without dominant players unfairly restricting market access.

The Census and Statistics Act, on the other hand, governs the collection and production of official national statistics, including census data.

Such information provides the foundation for Government planning, helping authorities and investors assess population trends, economic conditions and development needs when making decisions about resource allocation and investment.

New Structure Separates Financial Management From Economic Growth

The latest ministerial assignments establish a distinction between managing the country’s finances and coordinating its broader economic development agenda.

While Ncube’s ministry will concentrate on fiscal management, revenue mobilisation, public debt and financial regulation, Tagwirei’s portfolio will have responsibilities linked to market competition, investment promotion and economic planning.

The gazetting of the two notices gives the separate ministries a formal legal framework for carrying out their respective duties.