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Monday, 13 May 2013 10:48
HARARE - The Reserve Bank of Zimbabwe (RBZ) says AfrAsia Kingdom Zimbabwe Limited (AKZL)’s banking unit Kingdom Bank Limited (Kingdom) is in a “sound financial position to continue normal business”. This comes on the back of media reports that Kingdom is...Read More
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Wednesday, 10 April 2013 12:51
HARARE - Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono says Standard Chartered Bank Zimbabwe Limited (Standard Chartered) will not be closed, despite threats by the National Indigenisation and Economic Empowerment Board (Nieeb) to shut down the financial institution. Nieeb recently...Read More
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Business »
Thursday, 04 April 2013 11:27
HARARE - Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono says Zimbabwe is not ready yet to have its own currency. Gono — who affirmed Finance minister Tendai Biti’s position on the reintroduction of the local currency — on Tuesday said...Read More
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Wednesday, 03 April 2013 11:32
HARARE - 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...Read More
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Wednesday, 03 April 2013 11:32
HARARE - The Reserve Bank of Zimbabwe (RBZ) board has dismissed as false reports that Central Bank governor Gideon Gono stole 529 pieces of gold coins. Gono and his team of managers yesterday showed members of the press the 529 pieces...Read More
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Wednesday, 27 March 2013 11:48
HARARE - Reserve Bank of Zimbabwe governor Gideon Gono said yesterday he had no intention of fleeing the country and denied that he had gone into exile saying he was on a business trip in Egypt. Within hours of the RBZ...Read More
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Business »
Monday, 04 March 2013 12:43
HARARE - Zimbabwean financial institutions should brace for a tough economic climate this year due to tighter regulation and indigenisation threats, a report by stock broking firm Lynton-Edwards says. Last year, Finance minister Tendai Biti and Reserve bank of Zimbabwe (RBZ)...Read More
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Tuesday, 19 February 2013 11:49
HARARE - 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. The Zanu PF legislator told a Masvingo gathering at the weekend that a directive to...Read More
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Business » Chengetayi Zvauya, Parliamentary Editor
Friday, 15 February 2013 15:15
HARARE - 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...Read More
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Wednesday, 06 February 2013 10:10
HARARE - Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono yesterday took the unprecedented step of holding a joint presser with celebrity preachers Uebert Angel and Emmanuel Makandiwa, where flaws in the former’s “miracle money” were exposed. At the Harare event,...Read More
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Friday, 01 February 2013 12:17
HARARE - Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has maintained his stance on the indigenisation of foreign-owned banks insisting government should be cautious in dealing with the “delicate” institutions. In presenting his 2013 monetary policy statement yesterday, Gono said...Read More
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Wednesday, 26 December 2012 12:37
HARARE - Controversial businessman Munyaradzi Kereke has been overwhelmingly voted the Daily News Noisemaker of the Year after picking up fights with virtually everyone from the media, politicians and state security agents. His “everyone is wrong except me” attitude, made him...Read More
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Monday, 17 December 2012 13:27
HARARE - Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has abolished the RBZ advisor’s post in the wake of the firing of his advisor Munyaradzi Kereke early this year. The central bank boss said the advisor’s post has been scrapped...Read More
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Opinion & Analysis »
Thursday, 13 December 2012 12:54
HARARE - A hint by Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono that he may consider extending an olive branch to banks, which are struggling to meet his new recapitalisation thresholds is welcome in many ways. His statements, although not...Read More
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Business »
Tuesday, 11 December 2012 12:22
HARARARE - Zimbabwe's Reserve Bank has no current capacity to pay retrenched workers due to liquidity challenges, governor Gideon Gono has said. Last year, the Central Bank retrenched 1 450 employees as part of cost-cutting measures. The retrenchment exercise followed the...Read More
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