The Zimbabwean government announced on December 8 that John Mushayavanhu will take over as central bank governor next year. He will succeed John Mangudya, who will become head of a new sovereign wealth fund once his term as governor ends on April 30.

Mushayavanhu has been chief executive of FBC Holdings, which owns commercial lender FBC Bank, since June 2011. He was previously managing director at FBC, and has also worked at Standard Chartered. He holds an MBA from Brunel University in London