Mthuli Ncube Biography, Age, Net worth, Wife, Children, Books, Quantum Global


Mthuli Ncube Biography

Mthuli Ncube Bio

Mthuli Ncube was born in 1963 in Zimbabwe, on 7th September he was appointed as Zimbabwe Finance and Economic Development minister by President Emmerson Mnangagwa . He is a former banker and the Managing Director and Head of Quantum Global Research Lab (Switzerland). He is the founder of the Centre for Entrepreneurship at Wits University.

He pioneered and championed the “inclusive growth agenda” for Africa and also has led policy dialogue activities with governments in Africa at ministerial level. He has developed the “Infrastructure Investments in Africa” and developed an “Africa Infrastructure Development Index (AIDI)”, which tracks progress in development and access to infrastructure in all of Africa. He have also developed the concept of “inclusive infrastructure”, on the back of the whole principle of “inclusive growth”, and developed an “Inclusive growth Index” for Africa. He has also guided the project on the “African Information Highway”, for the development of national statistics across Africa, a project supported by StatsSA (of South Africa) as a key partner.

Age 55 years as of 2018; born in 1963
Occupation 1.85m /6 feet
Education University of Cambridge, PhD in Economics (Mathematical Finance) on ‘Pricing options under stochastic volatility’, which he completed in a record of 2 years, becoming the first African to complete a PhD in the economics faculty from the University of Cambridge.
Net worth Under review
Wife He is married to an engineer
Children 4
  • Development Dynamics: lessons from Zimbabwe (1992)
  • Monetary Policy and the Economy in South Africa (Macmillan 2013)
  • Quantitative Easing and its Impact (2013)
  • Africa’s Middleclass (2014)
  • African Financial Markets and Monetary Policy (2009)
  • Inclusive Growth in Africa (to be published in 2015)
  • Infrastructure in Africa(2017)
  • Global uncertainty, and Exchange Rates (2018).


Mthuli Ncube Career

Professor Ncube began his career as a lecturer teaching at the London School of Economics as a lecturer in Finance. He has been the Dean of the Faculty of Commerce Law and Management, and also Dean and Professor of Finance at Wits Business School, all at University of Witwatersrand in South Africa.

Professor Ncube is a visiting professor at the Blavatnik School of Government, Oxford teaching Public Policy. He is the former Vice President and Chief Economist of the African Development Bank Group (AfDB). He is also a part time HSBC Distinguished Professor of Banking and Finance at the Graduate School of Business Administration (Wits Business School), University of the Witwatersrand.

He served as Vice President and Chief Economist of the African Development Bank Group (AfDB). In 2011 he became the Chairman of Operations Committee (Approving Investment Projects and Operations) for the bank until 2012.In 2012 he was the Chair of the Advisory Panel on Ethics and Anti-Corruption for the AfDB.

Mthuli Ncube Quantum Global

He is the Managing Director and Head of Quantum Global Research Lab (Switzerland), part of Quantum Global Group, the largest Private Equity group dedicated to investing in Africa.

Quantum Global Research Lab conducts investment research and advises private sector and public sector clients on Africa and African policy-makers. He leads a team of researchers who research African economies, pointing to where investment opportunities and risks lie and linking these to the ever-changing global economy. He has developed an ‘Investment Index’ for Africa.

Mthuli Ncube Board membership

  • South African Financial Services Board (FSB)
  • Chairman of the National Small Business Advisory Council
  • Chairman of the Board of African Economic Research Consortium(AERC) in Kenya
  • Board member of the Global Development Network (GDN)
  • Board member of the Royal Africa Society and London
  • Board member of OMFIF, London
  • He is on the Global Agenda Council of the World Economic Forum on “Poverty and Economic Development” and on the Advisory Council for World Economic Forum (WEF) on Sustainable Infrastructure.
  • He is a Commissioner of the Lancet Commission on Investing Health
  • Member of the OECD Expect Group on Rethinking the Future of development Aid.


On 13th September 2018 Mthuli Ncube started a cow funding campaign to raise money to fight cholera outbreak.

This brought him under criticism as people accused the government of misplaced priorities as the government has managed to buy vehicles for traditional chiefs and war veterans yet they fail to raise fund to fight cholera and save lives.

Mthuli Ncube Twitter

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