Devaluation enemies had a field day when the central bank pushed the exchange rate of the Zimbabwe dollar up and even commented, ”we have the fastest gaining currency in the world”.
The Zimbabwe African National Union-Patriotic Front Member of Parliament for Chinhoyi Phillip Chiyangwa’s threats to the police in an open court may have influenced Zimbabwe’s decisive players to lift the ban on the Daily News.
Reserve Bank of Zimbabwe governor Gideon Gono cracked down on insolvent and corrupt financial institutions within days of assuming his post prompting some to accuse him of a vendetta since he had been in the sector before his appointment.
Flamboyant ZANU-PF MP and prominent businessman Philip Chiyangwa was arrested on 10 January 2004 on charges relating to a government investigation of troubled ENG Capital Asset Management.
ZANU-PF Chinhoyi MP Phillip Chiyangwa was arrested for his alleged involvement in an expanding embezzlement scandal involving ENG Capital Management.
Flamboyant businessman Phillip Chiyangwa has raised eyebrows because of his flashy cars, how he acquired his wealth, his political power in Mashonaland West and even allegations that he was a spy.