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Gono ditches Kereke


Reserve Bank of Zimbabwe governor Gideon Gono has parted ways with his long-time advisor Munyaradzi Kereke.

Both Gono and Kereke confirmed the development yesterday, but would not give details.

In a statement, Gono said: “The Reserve Bank of Zimbabwe wishes to advise stakeholders that the Advisor to the Governor, Dr Munyaradzi Kereke, will sadly be leaving the employ of the central bank on re-assignment to take charge of broader responsibilities in other spheres of national service with effect from 1 February 2012.”

Last night, Kereke confirmed his departure, saying: “The status of the matter at hand is adequately covered in the Press statement as issued by the bank.”

He added his next port of call would be announced in due course.

Gono, nonetheless, expressed appreciation at his former aide’s contribution to the central bank.

“Dr Kereke exhibited extremely high levels of commitment to national causes, dedication to duty, innovative thinking and commitment to his work, particularly during the most trying of times for the bank, the financial sector, the economy and the nation at large,” he said.

The outgoing RBZ advisor was widely perceived as the brains behind Gono’s policies at the central bank.

Some of Gono’s quasi-fiscal policies, however, proved largely unpopular in the country, and were blamed for the economic meltdown Zimbabwe went through at the turn of the millennium until the formation of the inclusive government.

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