in News

Zimbabwe will not thrive if government only focuses on economy

I would also recommend that the United States support efforts by Zimbabweans asking for debt relief from international funding agencies including the World Bank and IMF.  Such efforts will bring much needed relief to millions of Zimbabweans, especially farmers, who could increase food production if they have access to credit.

Extending credit to startups can allow business owners like Simbarashe Mhuriro, 32, founder and Managing Director a renewable energy development company to employ more people thereby providing sustainable solutions to poverty. Addressing poverty will have a direct and positive impact on democratic growth in Zimbabwe.  

 With regards to individuals and government institutions under the targeted sanctions list, the postMugabe era provides new opportunities for engagement between Zimbabwe and the United States. I recommend that the United States reconsider sanctions on state owned businesses.

I recognize that the United States has long been concerned with the link between ZANU PF and state enterprises. Indeed, much of the corruption I discussed earlier has occurred in state owned businesses. However, it is my expert opinion that in the post-Mugabe era parliament has been bolstered in their independence and are better equipped hold government officials account.

I would like to draw attention to those parastatals engaged in agriculture and mining industries. Most small holder farmers depend heavily on funding from the state funded agriculture bank which in turn depends on support from big financial institutions. 

State owned and other enterprises under targeted sanctions include: 

AGRIBANK

INDUSTRIAL DEVELOPMENT CORPORATION OF ZIMBABWE LTD

INFRASTRUCTURE DEVELOPMENT BANK OF ZIMBABWE

MINERALS MARKETING CORPORATION OF ZIMBABWE

ZB FINANCIAL HOLDINGS LIMITED

INTERMARKET HOLDINGS LIMITED

SCOTFIN LIMITED

ZIMBABWE IRON AND STEEL COMPANY

ZIMBABWE MINING DEVELOPMENT CORPORATION

ZIMRE HOLDINGS LIMITED

OSLEG (PVT) LTD

ORYX DIAMONDS (PTY) LTD

ZIMBABWE DEFENCE INDUSTRIES (PVT) LTD 

Regarding individual sanctions; the onus is on those listed to prove their commitment to democracy. Many on the list have allegedly committed horrible crimes against humanity. It would be a greater injustice to uplift these sanctions before a thorough investigation has been conducted.

Continued next page

(285 VIEWS)

Don't be shellfish... Please SHAREShare on Google+
Google+
Tweet about this on Twitter
Twitter
Share on Facebook
Facebook
Share on LinkedIn
Linkedin
Email this to someone
email
Print this page
Print
Page 7 of 8« First...45678

Write a Comment

Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.