US Sanctions On Some Zimbabwean Individuals And Entities Have Been Lifted

The US sanctions which were enforced on Zimbabwe since 2003 have been lifted partially for some companies and individuals, although some of them are dead.

The list includes Sabina Mugabe, the president’s younger sister and politician, who died in 2010; Charles Utete, ex-secretary of the president who died in July 2016; Aeneas Chigwedere, a former minister; Jocelyn Chiwenga, ex-wife of the commander of the Zimbabwean army; Cephas Msipa, retired Zanu PF leader turned Mugabe critic; Georgina Nkomo, wife of deceased Zimbabwean Vice President.

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Abina Chapfika, the ex-wife of a Zanu PF Member of Parliament; Ever Chombo, ex-wife of a minister; Rudo Charamba, ex-wife of the president’s press secretary.

ZB Financial Holdings Limited, Industrial Development Corporation of Zimbabwe (IDCZ), Scotfin Limited, Intermarket Holdings Limited, Chemplex Corporation Limited and Zimbabwe Fertiliser Company are the companies which have been taken off the list.

US Sanctions On Some Zimbabwean Individuals And Entities Have Been Lifted

The chief executive of the previously state-owned IDCZ expressed relief from the removal of the sanction burden on its company.

IDCZ chief executive Mike Ndudzo told local newspaper News Day:

“The removal of IDCZ from the OFAC [U.S. Office of Foreign Assets Control ] means recovery. Our assets and resources will become accessible. We are now able to trade normally and access funding. The financial institutions that used to give us credit had stopped due to sanctions, but now we will be able to access funding.”

The European Union has also lifted most of its ban on Zimbabwe and has begun supporting the southern African nation.

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Mugabe has over time blamed the sanctions imposed by the West on Zimbabwe as being responsible for the deplorable state of Zimbabwe’s economy.

The US sanctions, which were imposed in 2003, were “as a result of the actions and policies of certain members of the Government of Zimbabwe and other persons undermining democratic institutions and processes in Zimbabwe.”

Although the United States still supports Zimbabwe, the sanctions were imposed on 98 Zimbabwean individuals and 68 entities (mostly farms and legal entities owned by the 98 individuals) some of whom have now been taken off the list.