Zimbabwe

Number 1-2009

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Zimbabwe (1) -- News -- 2009

Nestle's Zimbabwean accounts frozen

10.01.2009

Reserve Bank Governor Gideon Gono has confirmed his long held status as Mugabe's blue-eyed boy, by freezing the bank accounts of Nestle Zimbabwe, a week after the dairy firm stopped buying milk from Grace Mugabe.

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Zimbabwe (1) -- Analyses -- 2009

More about the Nestle's frozen accounts in Zimbabwe

10.01.2008

A report in the weekly Zimbabwe Independent newspaper quotes Gono confirming the RBZ had ordered a forensic audit into Nestle's dealings. There were two or so transactions which were irregular.Gono denied the probe had anything to do with Nestle's decision to stop buying milk from Grace Mugabe's farm. The frozen of the accounts will paralyze the company’s business in Zimbabwe.

Beginning***Africa

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