RESERVE Bank of Zimbabwe (RBZ) governor Gideon Gono yesterday said the country had renewed its $400 million credit line facilities with the African Export Import Bank (Afreximbank). VENERANDA LANGA
Addressing a Press conference in Harare, Gono said: “We met as a board and renewed facilities that had expired or were about to expire and those facilities were in excess of $400 million, and we were granted new facilities of about $150 million.
“We meet every quarter to see the payment aspects because we are the second largest borrower at Afreximbank in Africa after Nigeria and I represent a trust of shareholders over and above Zimbabwe, and we try to see how we can distribute resources.”
Gono added there was renewal of another $100 million facility which Finance minister Tendai Biti was soon going to announce.
The central bank governor also dismissed reports that he had stolen some gold coins under his ambit.
“The confusion could have come from year 2006 when we were moving the gold and putting it in trunks. We were in the middle of an audit and the gold was under lock and key. Others might have failed to see where they were and then they said they were missing and spread those reports,” he said.
RBZ deputy governor Khupukile Mlambo on behalf of the central bank’s board also dismissed the allegations.
Mlambo said after a physical count for the year ended December 31, 2011, which was confirmed by the RBZ board on March 25 this year, all the bank’s assets, including the gold coins, were certified to be in safe custody.
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