News

Six months on the job, Reserve Bank governor Gideon Gono had only managed to slow down the country’s economic decline but had not turned it around. In fact, exports had slumped since he took over.

(119 VIEWS)

Central bank governor Gideon Gono tends to tell his audience what he thinks they want to hear.

(81 VIEWS)

Central bank governor Gideon Gono said he was prepared to interfere in any sector for the sake of Zimbabwe’s economic health.

(82 VIEWS)

Central bank governor Gideon Gono adjusted the diaspora and exporters’ exchange rate by 10 percent to Z$5 200 to the greenback but after two auctions the auction rate averaged Z$5 272 leaving the incentive for people in the diaspora and exporters in the dust.

(73 VIEWS)

Central bank governor Gideon Gono did not devalue the Zimdollar to boost exports as had been anticipated but even the United States embassy admitted that he had made tremendous strides in the five months that he had been at the helm of the Reserve Bank of Zimbabwe.

(69 VIEWS)

Gideon Gono was at one time the de facto Prime Minister of Zimbabwe. He had become so powerful that he sent shivers through many original founders of the Zimbabwe African National Union-Patriotic Front. But he is now a pale shadow of his former self. All the same there are 290 cables on Gono, making him the third with the highest number of cables after Prime Minister Morgan Tsvangirai and President Robert Mugabe in that order. We have decided to dedicate January to the central bank governor.

(105 VIEWS)

The International Monetary Fund said Zimbabwe’s foreign currency auction system was not sustainable because the central bank did not have enough money to meet demand.

(80 VIEWS)

Zimbabwe’s top miners complained that they were being squeezed out and were not benefitting at all from central bank governor Gideon Gono’s new measures for exporters.

(44 VIEWS)

Confederation of Zimbabwe Industries president Anthony Mandiwanza called for the reopening of tripartite negotiations involving the government, business and labour saying the environment had never been more positive.

(131 VIEWS)

The Confederation of Zimbabwe Industries said the central bank should accept no rate lower than Z$5 800 to the greenback at its auctions or relinquish its right to purchase 25 percent of export earnings at the official Z$824.

(85 VIEWS)