Gono, Biti alliance

An unlikely alliance has formed between Finance Minister Tendai Biti and Gideon Gono, Reserve Bank Governor. They seem to have buried the hatchet and have united around a common enemy - Indigenisation Minister Saviour Kasukuwere, who has targeted the banking sector.


Biti and Gono have vowed to defend the sector from “unintended consequences”, fearful that banks could slip back into the banking crisis of 2004.

Biti argues the banking sector is “already indigenised”, as only four out of 26 banks are foreign-owned and biggest is the indigenous Commercial Bank of Zimbabwe.

Post published in: News

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