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"There Is No Doubt Sanctions Are Hurting Zimbabweans"

Economic commentators have reacted following the addition of four Zimbabwean nationals and two Zimbabwean companies to the United States sanctions list.

The four individuals are Emmerson Mnangagwa, Jr., Kudakwashe Tagwirei’s wife, Sandra Mpunga, Nqobile Magwizi, and Obey Chimuka, along with the two companies, Fossil Agro and Fossil Contracting. 

In a statement, the U.S. Treasury’s Office of Foreign Assets Control said it designated the four individuals and two companies for corruption and human rights abuses.

Speaking to VOA News, Gift Mugano, an economics professor at the Durban University of Technology, said the sanctions are making it difficult for Zimbabwe to attract investors and get capital for essential projects such as power plants.

He, however, said corruption and wrong priorities are also negatively impacting the country’s economy. Mugano said:

When you are under sanctions, you must be more careful and prudent when using your resources.

The case in point is the 35 million US dollars which is being given to members of parliament and ministers, the package which they have been given.

But we do not have basics in the hospitals. Thirty-five million dollars for Zimbabwe can be a game changer.

Gibson Nyikadzino, an independent analyst, told VOA News that the U.S. sanctions are hurting Zimbabwe’s economy. Said Nyikadzino:

Because there is a failure to access foreign capital, and capital markets, there is a failure even to import critical equipment.

So, the whole idea of sanctions is to ensure that the economy of Zimbabwe screams and that is the first essence of why the West imposed sanctions, and even to today, the economy is being hurt.

However, the United States, Britain and European Union officials have long rejected claims by Zimbabwe that sanctions are making Zimbabweans suffer.

The architects of the sanctions insist that sanctions target individuals and certain companies rather than state institutions.

Piers Pigou, a senior consultant for southern African human rights watchdog, International Crisis Group, said:

There is no doubt that the sanctions have an impact on aspects of the economy. In some instances directly as it relates to individual entities and individuals that are on the list.

What is difficult is to calculate the extent of that impact. Particularly in a context where there are multiple other factors relating to delinquencies and governance.

| VOA News

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20 Comments

mubhabhatidzi 1 month ago

ichokwadi here kut vanhu vese varikungoti Morocco forED


FootballUnitesTheWorld 1 month ago

Either true or false EDestroyed Zim Football

Darkness for Ed 1 month ago

tibvirei apo ana mugano come home and suffer with us Smith was under real United Nations sactions for 15 years but this country never lacked anything it was the Switserland of Africa Julias Nyerere actually told them that you have inherited the juel and Switserland of Africa please handle it with care and what did these bu..foons do they ran the economy and the whole country aground through looting and pillaging of resortes Smith did a great job under real difficult world sactions


Darkness for Ed 1 month ago

*resources*


ko wqngu 1 month ago

unoziva hr code us bundle re netone

1 month ago

@Darkness4Ed taura hako iwe


zimbabwe 1 month ago

i wwaz once a jewellery of Africa asi izvezvi im now a desert...vakomana ndibatei mushe.


Doug 1 month ago

If someone pretends not to understand the issue so that they continue in their ways, the ordinary person will suffer as, when two elephants fight, it is the grass that suffers. As long as what has been put in action is viewed differently by the two sides, we should not expect any change in the near future. Please, can our leaders explain to those who have imposed restrictions so that the two sides find a common name on the thing which our leaders say was put on the country, and those who put it are saying it is targeted. Is it, maybe, the African way of thinking where leaders are said to own countries and its people when out of Africa the leaders and the people are not that "glued" together.


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,,,, dott 1 month ago

American & their puppets are the real abusers of human rights...


Chikumba 1 month ago

At the end ordinary citizens we all suffer nt tagwirei


1 month ago

Since wen is Mnangagwa's son Zimbabwe? Thieves Zimbabwe? They were never part of us. NEVER!


zanu pf musvo 1 month ago

Sanction should placed on those retard leaders who continue abuse state funds and thing this country is theirs
America continue tighten these bastards so that they can have all the riches and turn this country in a communist plague where the elites drives nice and build big homes while the rest suffers


Gb 1 month ago

But Nyika haingatirwi yese naTagwirei isu mazimbabweans zvinotirwa kuona Nyika yedu iri pazvirango asi hurumende yedu ngairege kubatsirana kuti uori huitike seiko tisina kana munhu umwe ambosungwa kureva kuti we are supporting corruption activities which rampant our economy.
Those guys from America haasi kunyepa isu tisu tiri kubatsirana kuuraya offcourse tine sanctions, ko Tadii kurwisa mbavha dziri ku looter maresource than catch and release yatiri kuita


1 month ago

Handina hangu zvekutaura but ZANU haisadaro vanhu soo. Hanzi masanction pese nepavabawo here.


Cde hondo 1 month ago

Corruption and looting of resources by Ed and zanu pf goons is the major problem not targeted sanctions. Covidgate, nassagate, cottcogate,


USA 1 month ago

itai chimwe chi anti sanctions march tikupamhei mamwe ma sanctions futi hatidi kudzora tsvimbo kkkkkkk


USA 1 month ago

itai chimwe chi anti sanctions march futi tikupamhei nemamwe ma sanctions hatidi kudzora tsvimbo 🤣🤣🤣🤣


USA 1 month ago

A woman walks out of the shower, winks at
her boyfriend, and says, "Honey, I shaved
myself down there. Do you know what that
means?" The boyfriend says, "Yeah, it means
the drain is clogged again."


1 month ago

Zanupf and their low intelligent bootlicker's are the ones hurting Zimbabweans.


Gattusso we ku Italy 1 month ago

Uyo anonzi Gibson nyikadzino anorwara uyo



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