Zimbabwean President Emmerson Mnangagwa on Monday appointed his son, David Mnangagwa, as deputy finance minister and retained Mthuli Ncube as finance minister, at a time when he is struggling to save the country's economy.

The 80-year-old leader is under pressure to rebuild an economy shaken by a lack of foreign investment, unemployment, high inflation and a local dollar that has fallen 80% this year.

"I have a large majority and I think the opposition would like to be in the effective opposition and not in government," Mnangagwa told journalists after announcing the government list, which did not include any opposition members.

Mnangagwa won a second term in a disputed vote last month, which the opposition described as a "gigantic fraud", amid criticism from election observers who say the elections did not meet regional and international standards.

A former banker, Ncube was not spared criticism after his economic policies failed to generate growth due to his inability to repay a foreign debt of over 17 billion dollars.

Mnangagwa appointed his son David Mnangagwa as Ncube's deputy, under Parliament's youth quota, and also announced Soda Zhemu to head the Ministry of Mines.

Zhemu replaced Winston Chitando as Minister of Mines, who had led the ministry since November 2017. He had been the Minister of Energy and Energy Development since 2020.

Mining generates more than half of Zimbabwe's foreign export earnings and Mnangagwa said the sector, which is attracting investors in lithium mining, will anchor future economic growth.

The national chairman of the ZANU-PF party, Oppah Muchinguri-Kashiri, was reappointed Minister of Defense. (Reuters)