saying the ZANU PF empowerment czar was not qualified to decide who gets banking licenses.
Foreign owned firms are now required to give up 51% of their shares to black Zimbabweans, as part of ZANU PF’s so-called indigenization programme. Detailed plans of how the firms will comply are being reviewed by Kasukuwere and his ministry.
Over the weekend he issued an ultimatum to them to submit the required indigenization plans or risk losing their licences. Gono then stepped in and dismissed the threats as “irrational” that “can only have come from someone who does not understand banking”.
Businessman Luke Zunga from the Global Zim Forum dismissed both Gono and Kasukuwere as “brothers who destroyed the country’s business” and are now fighting to loot some more. He said they should have discussed their differences behind closed doors because they are not important.
Asked if the row was being used as a diversion Zunga said: “It could be they don’t want the nation to talk about what really happened to the late General Solomon Mujuru. They want us swayed to other topics. Mujuru died in a suspicious farmhouse fire last week and there has since been speculation he was murdered.
Several ZANU PF ministers are reportedly now campaigning to have Gono removed as the head of Zimbabwe’s Central Bank. According to the Daily News, Kasukuwere said Gono must resign or “we will kick him out”.
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