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Zimbabwe could lose access to global payments platforms

Central bank governor believes country could lose access to global payments platforms and external lines of credit if the indigenisation of foreign-owned banks is forced through.Gideon Gono, the Reserve Bank of Zimbabwe governor, this week delivered a broadside against efforts to force foreign-owned...

'Sanctions were a blessing in disguise,' says Gono

Reserve Bank of Zimbabwe Governor Dr Gideon Gono has described the illegally imposed sanctions by some Western countries as a blessing in disguise as the move opened up some new avenues for him to engage in the production of locally consumed products that are beneficial to Zimbabweans.Addressing a ...

Gono draws attention to the inadvertent dangers of banks indigenisation

Gideon Gono draws attention to the inadvertent dangers that could befall the economy if caution is thrown to the wind.President's adviceIT has been erroneously suggested in some publications this week that President Robert Mugabe has not given us direction on this important matter.During his 89th bi...

Amai Jukwa hits back at Gono

Facebook user 'Amai Jukwa' has responded to a threat by Reserve Bank of Zimbabwe governor Gideon Gono to sue 'her'.In a post titled AMAI JUKWA IDENTITY REVEALED on the social network the page's admin posted this"Instead of speculating about the identity of Amai Jukwa why does Gideon Gono not just g...

Kingdom Bank stable, says Gono

The Governor of the Reserve Bank of Zimbabwe (RBZ) Dr Gideon Gono says he is aware of the dispute between founder of Kingdom Bank, Nigel Chanakira and Spiritage Group CEO, Matthew Wazara.In a statement, Dr Gono said the two are mediating with a view to solve the issue amicably.He said given the qua...

Forced indigenisation of banks is uninformed, says Gono

Central Bank Governor Gideon Gono said plans to force foreign banks to sell majority stakes to black Zimbabweans are "uninformed.""The rush to indigenize the banking sector is more driven by emotions and uninformed perspective than necessity," Gono wrote in the Zimbabwe Independent today. "Internati...

Gono to sue 'Zim Jokes Corner' administrators

THE governor of the Reserve Bank of Zimbabwe (RBZ) on Thursday warned internet trolls to "Prove your allegations or face huge lawsuits."Gono has been targeted - along with a number of prominent Zimbabweans - by anonymous Facebook users in recent months.The final straw for the apex bank chief appears...

Kasukuwere says Gono is corrupt

In what is perhaps the most direct attack since the rift between Indigenisation minister Saviour Kasukuwere and RBZ governor Gideon Gono began, Kasukuwere yesterday said Gono is the most corrupt person Zimbabwe has ever known. Speaking to students at the National University of Science and Technolog...

Gono denies bank takeover

Central bank chief on Wednesday denied there were plans for a government takeover of the local operations of London-based Standard Chartered Bank, putting the central bank at odds with a powerful national economics board.At the weekend, the National Indigenisation and Economic Empowerment Board (NI...

Panic grips Standard Chartered Bank clients in Zimbabwe

In a statement, Dr Gono said it had come to the Reserve Bank's attention that there were unnecessary signs of instability and anxiety among stakeholders especially depositors who do business with Standard Chartered Bank Zimbabwe Limited."The instability is manifesting itself in the form of clients w...

Zimbabwe not yet ready to have its own currency, says Gono

RBZ governor Gideon Gono says Zimbabwe is not yet ready to have its own currency adding the country had to first address its burgeoning trade deficit.Gono said Zimbabwe remained heavily-dependent on the prevailing multi-currency system, dominated by the US$. There are worries that a President Mugab...

Gono defends Sekeramayi

Central Bank governor Gideon Gono yesterday rubbished reports that State Security minister, Sydney Sekeramayi had taken pot shots at him about the missing gold coins and shortage of change.Sekeramayi was quoted in Uzumba-Maramba-Pfungwe where preparations were underway for the launch of a community...

Gono speaks on gold coins he was accused of stealing from bank's vaults

Central Bank Governor Gideon Gono on Tuesday displayed the gold coins which he was alleged to have stolen from the bank's vaults to refute the allegations.Addressing journalists, Dr Gono said the accusations were baseless and were the work of his enemies, singling out an ex-official of the apex ban...

RBZ parades Zimbabwe's historic gold coins

THE board of the Reserve Bank of Zimbabwe (RBZ) has denied claims that historic gold coins had gone missing.The allegations, first made by Munyaradzi Kereke, the former adviser to Reserve Bank governor Gideon Gono, were "misleading and inaccurate", board secretary Arthur Manase said.An audit and com...

Banks cutting interest rates, says Gono

Central Bank Governor Gideon Gono said some lenders are cutting interest rates and bank charges to comply with an agreement signed in January."It is heartening to note that some banks have already started to lower interest rates and bank charges," Gono said today at a meeting hosted by the Confedera...

Former advisor to Gono launches mining consortium

Former advisor to Reserve Bank governor Munyaradzi Kereke, in collaboration with various partners in Bikita, has launched the Bikita Community Mining Consortium (BCMC) aimed at reviving mining in the district and empowering locals.Addressing a Press conference in Harare on Wednesday, Kereke said...

Mugabe's banker denies assassination plot

RESERVE Bank of Zimbabwe (RBZ) governor Gideon Gono yesterday denied reports that he had fled the country following an attempt on his life, saying he was in Egypt attending the African Export Import Bank board meeting.Social networks were yesterday awash with reports that a plot had been hatched to ...

Beatrice Mtetwa, Gideon Gono the 'Untouchables'

One repugnant conduct that has developed like a cancer in Zimbabwe and which now needs to be tackled head-on without fear or favour is the scourge of untouchables which is based on a corrupt presumption of impunity by some self-important individuals who routinely behave as if they are above the law...

If you thought Zimbabwe's Gono was bad, what about Cyprus

Euro-area finance ministers agreed to an unprecedented tax on Cypriot bank deposits as officials unveiled a 10 billion-euro ($13 billion) rescue plan for the country, the fifth since Europe's debt crisis broke out in 2009. Cyprus will impose a levy of 6.75 percent on deposits of less than 100,000 eu...

Gono has unleashed the Anti-Corruption body to scuttle indigenisation of banks

If like most rational people you believe that everything happens for a reason, then you must be among the many who are wondering about the reasons behind the unprocedural, illegal and unlawful actions taken by the Zimbabwe Anti-Corruption Commission (ZACC) based on false allegations against the Nati...

Jonathan Moyo steps up Gono attack

Zanu-PF Politburo member Jonathan Moyo yesterday stepped up his attacks against RBZ governor Gideon Gono accusing him of causing "untold pains" to Zanu-PF's election manifesto. Moyo accused Gono of leaking sensitive information that has allegedly exposed corruption in the government's indigenisatio...

Gono cancels Barbican Bank licence

THE Reserve Bank of Zimbabwe (RBZ) has cancelled the registration of Barbican Bank after it failed to commence banking business within the required time frame, the apex bank said on Friday.In a notice, RBZ said it had taken the move after the Ministry of Finance upheld its decision to cancel the re...

Gono wins tractor accident case

A Harare businessman, whose top-of-the-range Mercedes Benz was damaged in an accident with a tractor owned by Reserve Bank of Zimbabwe Governor Dr Gideon Gono, had his US$80 000 claim dismissed. Mr Bernard Vengai sued New Donnington Farm owned by Dr Gono at the High Court over the accident and the ...

Kasukuwere ups ante against Gono

Indigenisation minister Saviour Kasukuwere has said his bid to win majority control of foreign owned banks was facing resistance from technocrats linked to Zanu-PF. In thinly veiled remarks targeted at RBZ governor Gideon Gono, Kasukuwere, however vowed that all foreign-owned banks, including Barcla...

'Gono’s intentions treacherous,' say Prof Moyo

THE ubiquitous and disappointing talk of the town last week was that the Governor of the Reserve Bank of Zimbabwe Gideon Gono had for some strange reasons decided to irrationally and irresponsibly throw all caution to the wind to manufacture and peddle outright lies and malicious misrepresentations ...

Kasukuwere blasts Gono, Biti

Indigenisation minister Saviour Kasukuwere has attacked central bank governor Gideon Gono and Finance minister Tendai Biti over their utterances against his empowerment programme, labelling them "noisy characters."Kasukuwere yesterday told Parliament's committee on Women, Youth and Gender that the t...

Gono attacked for supporting miracle money

Zimbabweans have expressed shock after seeing the country's central bank governor, Gideon Gono, appearing to give credence to the so-called 'miracle money' prophets, Emmanuel Makandiwa and Eubert Angel, at a press conference in Harare on Tuesday.Economist John Robertson told SW Radio Africa the Res...

Gono gives Prophets green light to generate 'miracle money'

Spirit Embassy church leader Prophet Uebert Angel is free to continue generating "miracle money" because his practices do not contravene the country's banking regulations, Reserve Bank of Zimbabwe governor Dr Gideon Gono has said.At a Press conference after meeting Prophet Angel and United Family ...

'Fake dollar notes volume worrisome,' say Gono

THE Reserve Bank of Zimbabwe (RBZ) has urged retailers and the public to be wary of fake United States dollars and South African rand notes circulating in major cities, including Bulawayo.In his monetary policy statement last week, RBZ governor Dr Gideon Gono said the proliferation of counterfeit n...

Gono sued over $800 000 telephone bill

NetOne Cellular (Pvt) Ltd has taken the Reserve Bank of Zimbabwe Governor Dr Gideon Gono to the High Court claiming an outstanding $805 996 mobile phone bill, which the central bank accrued between 2009 and 2011.Dr Gono was cited as the only defendant but in a representative capacity. RBZ used NetOn...

Gono lends his support to Kasukuwere

RESERVE Bank governor Gideon Gono yesterday made a dramatic about-turn on the country's drive to indigenise the financial sector, lending his support to Indigenisation and Economic Empowerment minister Saviour Kasukuwere with whom he had been openly sparring over the issue.Announcing his monetary po...

Gono now backs indigenisation laws

Zimbabwe's central bank chief who has previously warned government against the seizure of foreign banks on Thursday appeared to make an about-turn, but cautioned the process must be orderly."All banks should observe the laws of the country including the indigenisation ... law," Gideon Gono said in ...

Gideon Gono presents Zimbabwe's monetary policy today

THE Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has postponed the announcement of the monetary policy to today.Gono was expected to have delivered the policy statement yesterday.The policy statement comes at a time when the central bank hinted on more banking sector reforms, which seek to st...

Gono warns on 'miracle money'

RESERVE Bank governor Dr Gideon Gono yesterday warned the public against taking Spirit Embassy leader Uebert Angel Mudzanire's "so-called miracle money" and urged the "man of God" to stop his acts lest he lands the country in trouble with international law.In an interview, Gono said although he h...