Andrew Bvumbe, whose departure from the World Bank was confirmed this week, together with speculation reports that Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has been ousted from the bank have caused Twitter to go in a frenzy with various allegations being made as well as people wanting to know who Andrew Bvumbe is. Here are 7 things to know about the much-talked-about man of the moment.
- Andrew Ndaamunhu Bvumbe has incredible vast experience in central banking and international financing. First joining the Reserve Bank of Zimbabwe (RBZ) as an assistant economist in 1981, he later rose to Chief Economist and then Assistant Director in the Economist Research Policy. He eventually left the RBZ in 1999.
- He put Zimbabwe on the map when he was the first Zimbabwean to be elected as the executive director of the World Bank Group representing the Africa Group One Constituency, a position he held from 1 November 2016 to 31 October 2018.
- Within only 3 months at the World Bank Group, he vowed to raise resources for the countries he represented and fair enough, he managed to raise over 75 billion for poor countries, of which 45 billion of it went to African countries.
- Andrew Bvumbe is passionate about Africa as a continent, having served as an Executive Director for Africa Group. He also served as Alternate Executive Director from November 2014 to October 2016. He was also the head of debt and aid management in the Ministry of Finance.
- You will be pleased to now that Bvumbe got his education in Zimbabwe. He holds Bachelors and Masters of Science degrees in Economics from the University of Zimbabwe.
- In 2013, Andrew Bvumbe was one of the five that were much speculated to take over as governor of the Reserve Bank of Zimbabwe after Gideon Gono together with popular names like Nigel Chanakira, Edward Mashiringwane, Mthuli Ncube and ironically, John Mangudya.
- From the year 1999 after leaving the RBZ, Bvumbe served in various capacities, as Director in the Privatisation Agency of Zimbabwe, Principal Director in the Ministry of Finance and Economic Development, Permanent Secretary, Executive Director of the AfDB and as head of the Zimbabwe Debt Management Office, a department in the Ministry of Finance and Economic Development in charge of resource mobilisation, Debt and Risk Management and also Settlement and Disbursement.