The best Zimbabwe news site on the world wide web 
 
NEWS
FORUMS
NEWS ANALYSIS
READERS' FORUM

CARTOON

BRITISH FOREIGN OFFICE

BUSINESS

Zimbabwe army chief fears mass unrest



Gono: Zimbabwe 's inflation to peak at 800%

Zim inflation shoots to 585 percent

2005 an 'agonising' year for Zimbabweans

Murerwa unveils tax cuts, predicts growth

Humble bicycle drives up Zimbabwe inflation

Zim dollar plunges 66% on interbank market

Zimbabwe to have new currency next year

Gono unveils new economic reforms

Gono says Zim in 'darkest hour before dawn'

Zimbabwe's inflation shoots to 360 percent

Zimbabwe: living in a lunatic asylum

Zimbabwe dollar falls to all time low

Zimbabwe crisis to worsen - analysts

Inflation shoots up, again

Murerwa wants end to price controls

Zim inflation surges by 90 percent

Murerwa slashes ministerial budgets

Top businessman Naran dies

SA approves US$1bn credit line for Zim

RBZ devalues Zim dollar by 40 percent

Zimbabwe faces economic meltdown

Gono's economic plan crumbles as inflation shoots up

Patrick Mlambo: A 100 reasons why Gono should resign

Gono wants white farmers back

Central back chief admits failure

Gono revises inflation target 100 percent upwards

Gono's 'sleepless nights' over inflation

Gono fighting a losing battle

Gono, the Zimbabwean Napoleon

Patrick Mlambo: The small minds in charge of our economy

Chido Makunike: Overcoming the 'Messiah Complex'

Zimbabwe dollar depreciates by 4 percent

Inflation accelerates once again

Gono predicts inflation to fall to 20%

Zim fools no-one with 9% unemployment claim

Zim claims on lowered inflation unconvincing

House prices bite Zimbabwe's poor

RBZ cautions against paying political prisoners

$200bln windfall for ex-political prisoners

Zimbabwe's inflation seen dipping to 160%

By Cris Chinaka

ZIMBABWE'S central bank governor rang the alarm on the country's crumbling economy this week in a frank account which analysts say shook officials by airing fears of possible food riots and political unrest.

Reserve Bank of Zimbabwe Governor Gideon Gono -- known as a Mugabe favourite -- cut through the government's usually rosy self-assessment in his monetary policy statement this week, giving a rare public warning of possible food riots and slamming bureaucratic inaction.

Gono said the country's army chief was concerned and had recently warned him that the central bank had to ensure adequate food supplies for a country where millions are surviving on food aid.

"To quote the wisdom of General Constantine Chiwenga, 'a hungry man is an angry man', and he said we must do everything to ensure the army does not one day have to face angry hungry people on the streets," he said in his speech to hundreds of business and political leaders on Tuesday.

"The country is ... standing on the edge of a cliff which threatens to irreversibly take us downhill if we do not boldly move forward with speed to address most of our shortcomings."

President Robert Mugabe, accused by the West of pursuing hardline domestic policies, has deployed riot police to crush demonstrations since violent protests broke out against his government in 1998, and analysts say his opponents are largely cowed.

Gono said the government had finally pledged to end farm invasions by ruling party supporters -- blamed by critics for the decline in food supplies -- and to do more to respect private property rights.

Mugabe's government is mired in its worst crisis since independence from Britain in 1980, fighting food shortages, triple-digit inflation, a jobless rate above 70 percent and shortages of foreign currency and fuel.

Political analysts said Gono's stark forecast revealed deepening fears within Mugabe's inner circle.

"The import of his statement is that beneath the veneer of a brave face, there is underlying fear of political unrest," said Eldred Masunungure, chairman of the political science department at Harare's University of Zimbabwe.

"The fact that they are now discussing their fears in public is a demonstration of the growing anxiety," he said.

John Makumbe, a political commentator and a critic of Mugabe's government, said Gono, who has been head of the central bank for two years, decided to publicly air his problems with the government out of frustration.

"What we saw ... when Gono talked about riots and so on was a mirror of the political fears in Mugabe's government," he said.

Gono, regarded as one of Mugabe's trusted technocrats, said mineral-rich Zimbabwe had potential but needed to boost farm output, which has fallen by half since the government started seizing white-owned commercial farms six years ago.

He also said Zimbabwe had to tackle graft and rebuild its ties with the international community, including the World Bank and the International Monetary Fund, which this week has an inspection mission visiting Harare.

John Robertson, a private economic consultant and business commentator, said while Mugabe regards the IMF as a hostile institution, he has allowed Gono to try to mend fences and win crucial aid in the hope of staving off further economic decline.

"I don't know whether the political fears that Gono was talking about will force the government to do more although those fears have been around for a while," he said.

"But on their record, I don't think they will be able to do enough and in time," he added. -- Reuters
JOIN THE DEBATE ON THIS ARTICLE ON THE NEWZIMBABWE.COM FORUMS
newsdesk@newzimbabwe.com


All material copyright newzimbabwe.com
Material may be published or reproduced in any form with appropriate credit to this website