Mthuli Ncube

Mthuli Ncube

Visiting Professor in African Studies

Saïd Business School
University of Oxford
Park End Street


Prof Mthuli Ncube is Visiting Professor in African Studies at Saïd Business School. He is Minister of Finance and Economic Development in Zimbabwe where he is responsible for the stewardship of public finances and economic management, and also Governor for the International Monetary Fund, World Bank and African Development Bank.

Previously he was Professor of Public Policy at the Blavatnik School of Government, Oxford, former Vice President, and Chief Economist of the African Development Bank Group (AfDB,) and is ranked a top economic thinker on Africa and globally. He is also the HSBC Distinguished Professor of Banking and Finance at the Graduate School of Business Administration, University of the Witwatersrand, on a part-time basis.

Ncube holds a PhD in Economics (Mathematical Finance) from University of Cambridge, Selwyn College, UK, on 'Pricing Options under Stochastic Volatility.' Starting his career as a Lecturer in Finance at The London School of Economics, 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, South Africa, founding the Centre for Entrepreneurship.

He has extensive experience as an investment manager and investment banker, having worked at Investec Asset Management and Quantum Global Group. He served as Board member of the 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.


Mthuli's research interests are finance, macroeconomics, development economics, political economy, and business and investment strategy in Africa.

He has won numerous awards for his research and business leadership, publishing numerous books, papers and articles in the area of economics and political economy and finance. He is a regular commentator in media such as the BBC, Economist, Financial Times, Wall Street Journal and Sunday Times (SA).


Being based in the private sector enables Mthuli to engage with business continuously, in ways that have enriched his teaching style and approach. Dealing with clients has enabled him to understand better what they are looking for, and to understand the African investment climate as an investor.



Mthuli teaches an MBA course on 'Growth Prospects and Opportunities for Business in Africa.'

His teaching philosophy hinges on conveying the theories behind issues, and case studies that bring the issues to life. He engages students in case studies, company visits and emersion in the African environment for doing business. This approach has opened up students to the African business opportunities, some going on to seek opportunities in Africa.

Social media

Get the latest news and updates from Mthuli on social media.