Nick Mangwana, the Permanent Secretary in the Mimnistry of Information is the one whose signature was on the ridiculous statement that announced the ban on mobile money. Here is him tripping over his words to justify the move:
The usual line about EcoCash regulation
Mangwana is not the first government official to bring up some argument on EcoCash and mobile money not being regulated by the central bank but by the telecoms regulator POTRAZ. This is false. EcoCash is licensed and regulated by the Reserve Bank of Zimbabwe.
It’s all besides the point even. The transaction landscape is changing globally more so in Zimbabwe where government policy has brought in cashlessness albeit unintentionally. Consumers can’t be forced to use banks that have shunned them for years when the technology they hold in their hands gives them much more choice.
Mangwana knows it’s silly
The sad reality is that Mangwana is just towing the party line. He absolutely knows this is ridiculous. He is that smart, we all know that. Perhaps the best he can do is to live with his decision to be hatchet man for government and he tries not to give explanations. His explanations are not convincing anyone, even himself.