Mugabe defends beleaguered central bank chief

Zimbabwe’s central bank chief, who presided over world-record hyperinflation, will keep his job despite objections raised within the unity government, President Robert Mugabe said Monday.

Prime Minister Morgan Tsvangirai, the erstwhile opposition leader who joined the power-sharing government three months ago, has asked regional leaders to mediate in his dispute over the appointment of Reserve Bank boss Gideon Gono.

But Mugabe said on state television that Gono would keep his job, even though after his first five-year term the local currency was left so worthless that the government this year abandoned it.

”Today those in Britain and elsewhere are not happy that he is still at the top of the Reserve Bank,” said Mugabe as he attended the funeral for Gono’s brother.

”Within the country, within the inclusive government, there are some who are saying he should go, and we are saying he won’t go.”

”He is not a thief, he has done no wrong. Prove the wrong he has done,” Mugabe added, praising Gono as a loyal follower.

”That’s the crime he is alleged to have committed — that he stood by this man Robert Mugabe, who must collapse so that there is regime change.”

Zimbabwe is trying to convince international donors to contribute $8,5-billion over three years to revive the shattered economy in a country where unemployment is at 94% and more than half the population depends on foreign food aid for survival.

Major donors like the United States and former colonial power Britain said they want to see Mugabe make more political reforms first.

Zimbabwe has won more than $1-billion in credits
for private firms, mainly from African lenders. – AFP



We make it make sense

If this story helped you navigate your world, subscribe to the M&G today for just R30 for the first three months

Subscribers get access to all our best journalism, subscriber-only newsletters, events and a weekly cryptic crossword.”

Related stories


Already a subscriber? Sign in here


Latest stories

Test cricket is dead, but not for the eager Proteas

Even before the demise of this format of the game was predicted, the women’s team had little opportunity to experience and enjoy it

Where are the anti-racism accountability bodies?

The field of such NGOs is crowded but who and what are they holding to account and who are they mollycoddling?

South Africa’s factory gate inflation set for another rise

Producer price inflation reached 13.1% in April, marking the highest print since 2012

Electricity for all in Africa in eight years a possibility...

The Africa Energy Outlook 2022 report charts how the continent can get electricity to everyone by 2030.

press releases

Loading latest Press Releases…