US removes some sanctions on Zimbabwe 

US removes some sanctions on Zimbabwe

•And why this is HUGE!!!

Brian Rungano Temba

 

THE United States of America has terminated some sanctions against Zimbabwe through an executive order, though eleven individuals and three companies remain on sanctions under the Global Magnitsky Act of 2016.

 

The so called ‘targeted sanctions’ were removed through an  ‘Executive Order on the Termination of Emergency With Respect to the situation in Zimbabwe’ by President Joe Biden.

 

In a statement, the US Department of Treasury said all property and interests in property blocked solely pursuant to the Zimbabwe Sanctions Programme will be unlocked this Monday.

 

“OFAC will remove the Zimbabwe Sanctions regulations from the Code of Federal Regulations,” reads the statement.

 

According to the statement, ZDERA however remains law, meaning several Zimbabweans and some companies remain on the sanctions list.

 

Among the 11 individuals who remain on sanctions are President Emmerson Mnangagwa, First Lady Dr Auxillia Mnangagwa, Vice President Retired Dr Constantino Chiwenga, Minister of Defence, Honourable Oppah Muchinguri Kashiri, ZRP Commissioner General Godwin Matanga, Deputy Commissioner Stephen Mutamba, Deputy Director General-Central intelligence Organisation, Walter Tapfumaneyi, Midlands Minister of Provincial Affairs and Devolution Honourable Owen Ncube.

 

Business magnet, Kudakwashe Tagwirei, Sandra Mupunga and Fossil Group Chief Executive Officer Mr Obey Chimuka have remained on the sanctions list.

 

Three companies that are still on the list are Sakunda Holdings, Fossil Agro and Fossil Contracting.

One George Nheweyembwa asked on X (formerly Twitter) what this implies for Zimbabwe, to which, Local Businessman, Chairman of the Oil Expressers Association of Zimbabwe and member of the Presidential Advisory Council Mr. Busisa Moyo replied,

“We can get the IFIs to support Zim private sector, maybe an arrears clearance package, MEGA can guarantee big projects on merit, we can access AGOA and American companies can invest in Zim without (as much fear). This is HUUUGE!”