Finance Minister Christopher Kuruneri became the first big gun in President Robert Mugabe’s cabinet to be caught up in “Cyclone Gono” when he was arrested on Saturday, 24 April, for externalising funds.
The Zimbabwe Stock Exchange continued on its slow recovery with the key industrial index improving from 347707 at the end of March to 374 465 on April 28.
Central bank governor Gideon Gono announced new measures to boost foreign currency inflows from exporters and Zimbabweans living abroad but, at the same time, maintained his grip on the financial services sector which he said continued to play truant despite the clamp down that began in January.
Central bank governor Gideon Gono is expected to give a new lifeline to exporters, most of whom had threatened to stop exports because they were no longer viable, when he reviews his monetary policy this week.
Central bank governor Gideon Gono has done a tremendous job in exposing the rot that was bedevilling the country.
The two-week visit by a seven-member delegation from the International Monetary Fund (IMF) which ended on Wednesday marked a turning point in relations between Zimbabwe and the Bretton Woods Institution which began to sour in 1998.