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Central bank governor Gideon Gono who had managed to bring down inflation considerably in his first year as governor admitted in January 2006 that he was losing the battle against inflation and had been warned by high-level government officials that he would be fired if inflation hit four digits.

(51 VIEWS)

The head of consumer banking at Standard Chartered Ralph Watungwa said parastatals were a bottomless barrel so the announcement by central bank governor Gideon Gono that he would require them to hold their foreign currency with the Reserve Bank of Zimbabwe would not rein them in even if the RBZ could dip into those accounts to address other priorities such as paying the International Monetary Fund.

(288 VIEWS)

The Insider today made a major breakthrough when our book- How to buy a house for half the price was featured on Metro FM, one of the national radio stations in South Africa.

(75 VIEWS)

Central bank governor Gideon Gono stunned the International Monetary Fund and the United States government when he paid US$120 million on 29 August 2005 towards the country’s IMF debt, leaving both wondering where he had got the money.

(55 VIEWS)

Caltex was breaking even at the height of fuel shortages in Zimbabwe with just 12 service stations throughout the country and through direct imports on behalf of clients like companies and embassies, clearly demonstrating the effectiveness of market prices.

(181 VIEWS)

Central bank governor Gideon Gono went all out in July 2005 to stop Zimbabwe’s expulsion from the International Monetary Fund saying this would be disastrous for the country.

(58 VIEWS)

With threats of expulsion from the International Monetary Fund hanging over its head, Zimbabwe was desperate to secure a loan from the South African Government but the United States viewed this as an opportunity to squeeze concessions for reform from President Robert Mugabe’s government.

(135 VIEWS)

Central bank governor Gideon Gono said he would never resign but at the same time he would never refuse to be fired.

(80 VIEWS)

Central bank governor Gideon Gono had become powerless except follow one misguided order after another as the country faced a cash crisis because President Robert Mugabe had refused to allow him to print Z$100 0000 and Z$50 000 bearer’s cheques because “it wouldn’t look good”.

(72 VIEWS)

Zimbabwe was ranked second last in the 2012 Index of Economic Freedom released by the Heritage Foundation and the Wall Street Journal. It was ranked 178 and was only better than the Democratic People’s Republic of Korea.

(72 VIEWS)