US businesses may re-examine their stance on Zimbabwe following the adoption of a new sanctions program which places only three entities and the nation’s top leaders including Zimbabwean President Emmerson Mnangagwa under restrictions. “Its an opportunity for businesses to reexamine their de-risking models and look at the Zimbabwe market,” David Gainer, assistant secretary in the US Department of State’s Bureau of African Affairs, said in an online briefing on Thursday.
Read: US relaxes sanctions on Zimbabwe after 21 years ADVERTISEMENT CONTINUE READING BELOW Mnangagwa was placed on the so-called Global Magnitsky Program, joining a long list of other prominent figures including Angola’s former richest woman, Isabel dos Santos, and South Africa’s three Gupta brothers. The program allows the US to target foreign officials implicated in alleged corruption or human rights abuses.