Mthuli Ncube Is Becoming A ‘Gideon Gono’ – ZANU PF Activist

A ZANU PF social media activist has chided the Minister of Finance and Economic Development Prof. Mthuli Ncube. Ncube has been castigated for talking too much and crossing into the role of the Central Bank. He has been likened to the infamous former Reserve Bank of Zimbabwe Governor Gideon Gono whose quasi-fiscal activities reportedly brought […]

Suspended RBZ Director Was Previously Suspended In 2007 By Gideon Gono Over Similar Allegations

Mirirai Chiremba who was last night suspended by RBZ governor John Mangudya over allegations of corruption and involvement in the foreign currency black market was previously suspended by former RBZ governor Gideon Gono over similar allegations. Chiremba who is the head of the Financial Intelligence Unit (FIU) was suspended back in 2007 after he allegedly […]

I Printed Zim Dollar To Stop A Coup Says Gideon Gono

Former Reserve Bank of Zimbabwe governor Gideon Gono told The Standard he had to print money even when he knew it would cause hyperinflation because the government was desperate to prevent a coup by hungry soldiers. He said the soldiers were willing to stage a coup to get food. Said Gono: If we had not […]

Gideon Gono Says SEZ Is Operating In The Dark, Has No Idea Which Minister To Report To

Former Reserve Bank of Zimbabwe (RBZ) governor and chairperson of the Special Economic Zones (SEZ) Authority board, Gideon Gono has claimed that the authority is failing to function as it has only received 10 percent of its budget allocation. Gono who was appointed 8 months ago also said that he does not know which Minister […]

I Am Huge Fan Of ED-nomics And ED-plomacy, Says Gideon Gono

Former Reserve Bank of Zimbabwe (RBZ) governor, Gideon Gono has claimed that Zimbabwe’economy is on the verge of double-digit growth rates due to what he termed “EDnomics.” In an opinion piece, Gono said that he was very impressed by President Emmerson Mnangagwa’s firm grasp on economics and what the President outlined in his inauguration speech. […]

Mnangagwa Will Surprise The World Through His Acumen In Business Says Gideon Gono

Former Reserve Bank of Zimbabwe (RBZ) governor, Gideon Gono has claimed that President Emmerson Mnangagwa has the potential to turn Zimbabwe into a global economic powerhouse due to his business acumen. Gono said that Mnangagwa’s inaugural speech carried a lot of hope for the nation and indicated that the nation was now heading in a […]

Prof. Moyo and his allies want Gideon Gono to be the next president says Mnangagwa

Weekly publication The Independent has alleged that Vice President Emmerson Mnangagwa is claiming that his former ally turned rival Professor Jonathan Moyo is plotting to have former RBZ governor Gideon Gono as President Mugabe’s successor. The newspaper reports that it has secured an 85-page dossier that Mnangagwa has prepared in response to the allegations that […]

Gideon Gono acquires majority shareholding in The Heritage School

Gideon Gono has acquired a 76% shareholding in The Heritage School (THS). He purchased 50% shareholding from David Rodney, Janet Austin and their son Thomas William for an disclosed amount; and acquired an additional 26% interest from the Pangeti family. The George Pangeti, his wife Evelyn Sandra and son George Jnr retain a 24% stake. The […]

Gideon Gono to chair SEZ board which includes General Chiwenga’s wife

Former governor of the Reserve Bank of Zimbabwe, Gideon Gono has been appointed as the chair of the Special Economic Zones Board. The board was appointed by Obert Mpofu, the Minister of Macro-Economic Planning and Investment Promotion and will be responsible for the development of the Special Economic Zones. The other board members are Sithandile […]

Alpha Media Holding wins $247 000 lawsuit against Gideon Gono

Alpha Media Holding (AMH) was granted a default judgment in a $247 000 lawsuit against Globeflower (Pvt) Ltd.  Globeflower is owned by former RBZ governor Gideon Gono.  High Court Judge, Justice Amy Tsanga granted the default judgment after AMH lawyer, Mordecai Mahlangu, opposed an application for further postponement.  Globeflower had requested postponements on several occasions. Mahlangu said: […]

Gideon Gono loses court case against Trevor Ncube’s company

Alpha Media Holdings (AMH) (Pvt) Ltd has won a default judgment over a $247 000 debt owed to the company by Globeflower (Pvt) Ltd, which is owned by former Reserve Bank governor, Gideon Gono. Appearing before High Court judge, Justice Amy Tsanga, Globeflower had applied to have the matter postponed again arguing that their lawyers were not […]

Five things you probably did not know about Gideon Gono

Gideon Gono was born today. To celebrate his birthday here are 5 things you probably did not know about the former Reserve Bank of Zimbabwe governor; He shares a birthday with Zimdancehall artist Tocky Vibes who was also born on 29 November in 1993 with gone being born on the same day in 1959. Gono’s […]

Gono’s Jatropha Project Can’t Solve Fuel Crisis – Mangudya

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said that former governor Gideon Gono’s $3 million jatropha project’s contribution to the country’s fuel demands was too little to deal with the ongoing fuel shortages. Mangudya was giving oral evidence before parliament’s energy committee on Monday. While responding to Zanu PF legislator Enock Porusingazi why the […]

Interbank Forex Market Will Not Fail Like Gono’s- Mangudya

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said the interbank foreign currency market will not fail like it did during his predecessor Gideon Gono’s tenure. Gono introduced the interbank foreign currency market in 2008 but launched an investigation into financial institutions that were allegedly abusing the facility with a view to cancelling their operating licences. […]

Gono Criticised For Saying He Printed Zim Dollar To Prevent A Coup By Hungry Soldiers

Analysts who spoke to The Herald criticised former Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono for saying he printed the bearer cheque to prevent a coup by hungry soldiers. One of the three analysts who spoke to The Herald, Godwine Mureriwa said Gono should have resigned if he was a principled financial expert. He […]

Time Bank Accuses Gono Of Misleading The Public, Says He Illegally Closed It Without Repaying Money Owed By RBZ

Time Bank of Zimbabwe, which is set to start operations after closing down in 2006, has accused former Reserve Bank of Zimbabwe (RBZ) Governor Gideon Gono of unlawfully cancelling the bank’s licence without following due process or giving the bank a chance to give its side of the story. The bank also accused Gono of […]

Gono played key role in Mugabe resignation, Comments on leaked picture with Grace & Bob

In an exclusive interview with Nehanda Radio, former Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono confirmed that a picture showing him with Robert Mugabe and Grace Mugabe, was indeed taken on Tuesday 21 November, 2017 from the “Blue Roof” private mansion that belongs to the former First Family. The picture was taken just after Mugabe […]

Gono denies smuggling bag for “Chinese” woman at airport

The former governor of the Reserve Bank of Zimbabwe and chairperson of the Special Economic Zones (SEZ) board, Gideon Gono has denied the allegation that he smuggled a “swollen” bag for a Chinese woman at the Harare International Airport customs. The accusation was made by activist Farai Maguwu who said: …one of the Chinese was […]

Businessman refuses to pay for chickens supplied by Gono

Local businessman, Chester Mhende, who was last year taken to court by former Reserve Bank of Zimbabwe (RBZ) governor, Gideon Gono’s Lunar Chickens (Pvt) Ltd, over a $104 000 debt, says he will not settle the amount because the claim had lapsed according to law. Mhende also entered the same response to yet another company […]

Top govt officials believed EcoCash was a plot to oust Mugabe says Gono

Former Reserve Bank of Zimbabwe governor, Gideon Gono has said that top Zanu PF officials believed that Ecocash was a scheme to oust President Robert Mugabe. Said Gono: This trash of a report on Ecocash was surprisingly accepted as gospel truth in some circles and structures of the country with some senior government officials swallowing […]

Gono claims he saved Zim from being recolonised by diverting funds to military, denies corruption allegations

Former Reserve Bank of  Zimbabwe governor Gideon Gono has claimed that he saved the country from being “recolonised” during the economic meltdown of 2008. Refuting allegations from Munyaradzai Kereke that he engaged in corruption and stole money from the Reserve Bank of Zimbabwe, Gono countered that he did not steal the money but gave it […]

Govt Reintroducing BACOSSI Scheme

ZANU PF chief whip, Pupurai Togarepi has indicated that the government intends to reintroduce the basic commodities and groceries scheme, popularly known as Bacossi. The scheme was previously implemented by the then Reserve Bank of Zimbabwe Governor Gideon Gono during the 2007-2008 when the country as per official statistics recorded a record high inflation of […]

US$60 Million Agriculture Mechanisation Deal Approved

The Sunday Mail Business reports that US$60 million Agriculture mechanisation deal between Zimbabwe and an Indian firm, International Tractor Limited (ITL) has been approved. The project will see local farmers receiving 2100 tractors, 100 combine harvesters and various implements. TL’s local partner, Glenwood Agriculture Equipment (GAE), which is working with a local bank, says a […]

Why Another Bacossi Initiative Will Not Work

A NewsDay article has suggested that there are a number of factors that will impinge on government’s plans to reintroduce cheap shops under the Silo brand, popularly known as Bacossi, for purposes of easing the soaring inflation.  The article further suggests that the idea would be in contradiction with the Finance Minister’s neo-liberalism drive. The […]

FULL TEXT: We No Longer Spend More Than We Earn – Finance Minister

Minister of Finance speaks on austerity measures. He reveals their qualities and fruits they are already bearing. Read full text below:   As Minister of Finance, I often feel frustrated that we don’t live in a perfect world with perfect conditions. So many factors are out of our control; from natural disasters, to global events; […]

John Mangudya’s Contract Expires

The contract of employment of the Reserve Bank of Zimbabwe Governor, John Mangudya, has expired. Business Times reports that the contract expired on Tuesday and the government is yet to renew it. Mangudya told the publication: Unfortunately, I can’t discuss the specifics of my contract as it hangs within the appointing authority which is the […]

RBZ Accused Of Undermining Economic Recovery

An economic commentator has accused the Reserve Bank of Zimbabwe of sabotaging the economy through its vice-like grip on the allocation of scarce foreign currency through its network of patronage. In a column for Newsday, Eddie Cross claimed that the destructive role of the RBZ started during the Gideon Gono era and has been continued […]

RTGS Dollar Black Market Rate In Free-fall, Pushing Up Prices – Report

The value of the RTGS dollar has continued to plummet on the black market, pushing up the price of goods and services beyond the reach of many. Economic analysts have attributed the depreciation of the local currency against the greenback to policy inconsistencies by authorities. Last week Finance Minister Mthuli shocked the public by announcing […]

New Currency Talk Will Fuel Price Hikes, Devaluation Of RTGS Dollar – Analysts Warn

Economic experts predict a sharp rise in the price of goods and services after Finance Minister Mthuli Ncube announced last week that the recently introduced RTGS Dollars will soon be decommissioned, paving way for the introduction of a new currency. Speaking to the Daily News, an official in the Ministry of Finance berated Ncube’s tendency […]

FULL TEXT: MDC Blasts IMF As A Supporter Of Tyrannical Regimes

IMF SMP – an abortive entry point for full support of the regime The proposed IMF Staff-Monitored Program is an entry point for full support of the regime and it ignores the factors arresting the Zimbabwean economy. Zimbabwe has had a stolen election; it was disputed by most players including the biggest political party, the […]

Zimbabwe Economy To Stabilise By June/July, Introduction Of New Currency Expected Then- Eddie Cross

Speaking to the Zimbabwe Broadcasting Corporation (ZBC) on Monday, Eddie Cross said Zimbabwe’s economy will be in a better situation by the end of March. He however said the country’s return to stable market and trading conditions will be between June and July. He said the period of market and trading conditions will coincide with […]

RBZ Says 4 Senior Officials Suspended After Acie Lumumba Rant Are Innocent

In a statement the Reserve Bank of Zimbabwe (RBZ) said investigations into four officials suspended in October over corruption allegations show that they did nothing wrong. This is despite the fact that Director of the Financial Intelligence Unit Mirirai Chiremba appeared in court on allegations of criminal abuse of duty. Chiremba was released on $6000 bail when […]

Mangudya Insists That RBZ Is Not Involved In Forex Black, Says Nothing New About Lumumba’s Claims

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has insisted that the RBZ is not involved in the foreign currency black market despite the suspension of four senior directors. The directors, Norman Mataruka (banks supervision), Azvinandava Saburi (financial markets), Mirirai Chiremba (financial intelligence) and Gresham Muradzikwa (security) were suspended following allegations by short-lived Chairperson of […]

RBZ Suspensions Part Of Scheme To Remove All Long Serving Senior Personnel: Banker

  A senior official at the Reserve Bank of Zimbabwe (RBZ) has claimed that the suspension of four directors on allegations of corruption is part of a broader scheme to remove all long-serving personnel so that they can be replaced by people who are controllable. According to the source who wrote to on the […]

“We Are All In The Dung” Until We Get A Competent President With The Right Priorities – Nkosana Moyo

The leader of the Alliance for the People’s Agenda (APA) and former cabinet minister Nkosana Moyo has said that Zimbabwe’s economic problems will not get fixed until the country gets a president who prioritises economics over politics. Moyo also said the president needs to have experience in business in order to solve the economic problems. […]

Govt Will Not Raid Foreign Currency Accounts Again If I Am Allowed To Watch Over Them – Finance Minister

Minister of Finance and Economic Development, Mthuli Ncube has reassured the public that this time around, the government will not raid their foreign currency accounts (FCA)s. In 2008, under the tenure of then Reserve Bank of Zimbabwe governor Gideon Gono, holders of FCA accounts lost all their hard currency after the government raided the accounts […]

Mnangagwa Govt Blames Biti For Cash Shortages, Says He Left Only $217

Responding to questions about the worsening cash shortages in the Senate on Thursday, deputy Finance minister Terrence Mukupe said they inherited a bankrupt ministry. He said Tendai Biti who was the finance minister during the Government of National Unity left only $217. Said Mukupe: You still remember when we had the Government of National Unity, there […]

Cabinet Ministers Denied Visas For United Kingdom

A delegation of four ministers in President Emmerson Mnangagwa’s administration is reported to have been denied Visas to attend an investment conference in the United Kingdom, Zimdaba London 2018 Conference. Only Minister of Mines and Mining Development Winston Chitando was granted a visa. The four who failed to get the Visas are: Mike Bimha Minister […]

Elders Should Make Grace Understand The Trouble She Is Putting Herself In, This Will End Very Badly For Her

The columnist who writes for the state-owned weekly newspaper, the Sunday Mail columnist under the pseudonym Bishop Lazarus has warned former first lady Grace Mugabe that things are likely going to end very badly for her. Bishop Lazarus called for another operation Restore Legacy at former president Robert Mugabe’s Blue Roof Mansion so that Grace […]

“Mugabe is taking resignation well and looking forward to new life as a farmer” says nephew

Former President Robert Mugabe’s nephew Leo Mugabe said that his uncle is taking his resignation well and is looking forward to his new life as a farmer. Former Reserve Bank of Zimbabwe (RBZ) governor and Mugabe’s business adviser, Gideon Gono said Mugabe was in good spirits when he last saw him on Friday morning before […]

Mugabe’s Last Days: Another Account Says Mugabe Felt Betrayed By People He Had “Protected”

Former President Robert Mugabe is reported to have shed some tears when he resigned on Tuesday, while both the Upper and Lower Houses of Parliament, where sitting to impeach him. Mugabe is reported to have felt bitter and betrayed by his subordinates some of whom he claimed he had groomed and protected from charges of […]

Picture of Former President Mugabe and Grace Taken On The Day He Resigned

This image is reported to have been taken on Tuesday, the 21st of November 2017, the day former President Robert Mugabe resigned from office after 37 years in power. In the picture, Robert Mugabe is sitting on the couch with former first lady Grace Mugabe. Standing behind them are Father Fidelis Mukonori, in the white […]

Mnangagwa’s 85-page Politburo dossier which was leaked before he could present it

Vice President Emmerson Mnangagwa allegedly prepared an 85-page dossier in response to numerous allegations made against him by rival Professor Jonathan Moyo in a video presentation to the politburo. Parts of Mnangagwa’s dossier were released by weekly publication the Independent before the Vice President had presented it to the Politburo.   The Anatomy of Party […]

Top 10 politicians’ children who spend “your” money according to Acie Lumumba

Acie Lumumba listed 10 politicians’ children who spend Government money. The live video was cut off at number 4 and we will update the list as soon as Lumumba completes it. Below is the list so far: 10. Gamuchirai Chinamasa Patrick Chinamasa would take Government money and spend it on her daughter Gamu. 9. Chatunga […]

5 things you probably did not know about Uebert Angel

Today is Uebert Angel’s birthday. He also shares his birthday with Nox Guni. To celebrate his day we list five things you probably did not know about him: He rose to prominence because of miracle money which he first did in Botswana. The miracle courted controversy in Zimbabwe with the then Reserve Bank of Zimbabwe Governor Gideon Gono saying the […]

Mnangagwa ally lists 5 people likely to succeed President Robert Mugabe

Zanu PF MP for Harare East and Emmerson Mnangagwa’s ally Terrence Mukupe, posted on his Facebook page that the next President would emerge from among Grace Mugabe, Mnangagwa, former central bank governor Gideon Gono and cabinet ministers Sydney Sekeramayi and Saviour Kasukuwere. In the Facebook post Makupe said that Zanu PF is now a party […]

I helped Bona Mugabe relocate to Hong Kong after she was deported from Australia: Mutsvangwa

Addressing journalists on Wednesday, Zimbabwe National Liberation War Veterans Association (ZNLWVA) chairperson Christopher Mutsvangwa claimed that he helped Bona Mugabe relocate to Hong Kong after she was deported from Australia in 2008 and went on to study at City University in Hong Kong. Said Mutsvangwa: This is a true story. This other day, the president (Robert Mugabe) was talking […]

Ben Mahaka aka Tom Mbambo expresses frustrations over bond notes & Zimbabwe. Asks how long Zimbabweans will remain quiet

Zimbabwean actor, director and producer, Ben Mahaka who is popularly known for playing the character Tom Mbambo in the local soapie, Studio 263 has taken to Facebook to express his frustrations over the bond notes and the situation in the country. In a lengthy Facebook post Mahaka speaks on a number of issues such as Government’s policy […]