ED ‘gives up’ on sanctions fight

Source: ED ‘gives up’ on sanctions fight | Newsday (News)


PRESIDENT Emmerson Mnangagwa appears to have given up on the fight for the removal of West-imposed sanctions and is shifting focus to internal sources of finance for key government projects.

The country has been under sanctions since 2001 from the United States and the European Union in response to human rights violations and alleged electoral theft by the late former President Robert Mugabe.

Mnangagwa, who took over power in a November 2017, after the military ended Mugabe’s 37-year reign, embarked on politics of re-engagement with the hope of pushing the West to remove the sanctions, which he claims was hurting the country by shutting the much-needed lines of credit.

But critics say human rights violations have increased under his leadership and the US has renewed the sanctions regime, adding new names to the list.

Mnangagwa even cajoled the Southern African Development Community (Sadc) and the African Union into supporting his anti-sanctions crusade, but that has also failed to sway the West.

Speaking at the launch of the Agricultural Finance Corporation (AFC) Holdings Ltd in Harare yesterday, Mnangagwa said the project should “close the gaps” left by the sanctions imposed by the West on the country.

“The AFC Holdings will also meet the financial gaps which resulted following the withdrawal of support after the imposition of illegal economic sanctions,” he said.

“Now that the irreversible land reform programme is behind us, collective focus must be on production, productivity, profitability and sustainability of the agriculture sector.

“To achieve this, my administration saw it fit to develop unique and responsive alternative financial solutions such as portfolios we are launching today. These and other strategies should make our agriculture sector work better for our economy.”

Mnangagwa, who once said sanctions should not be used as an excuse for failure, said his government was focused on realigning policies to support the agriculture transformation in line with his national development strategy and Vision 2030.

The AFC Holdings will have four subsidiaries, including the Land Bank, meant to ensure long-term financing of the sector.

It will also have a leasing company and an insurer among its subsidiaries.

Presidential spokesperson George Charamba took to microblogging site Twitter before Mnangagwa’s speech saying:: “We have come to realise we are on our own. With the people, the land and God, Zimbabwe has all it takes to prosper.

“The President urges Zimbabweans to be a thinking people who are not run on foreign ideas which operate uninterrogated.”

Mnangagwa also urged youths to use their talent locally and not be fascinated about going overseas for employment and relying on others.

“This requires the minds of the younger generation to cease to look across the seas for employment, but use their own inherent talent as boys and girls to develop their mother land,” he said.

Mnangagwa told local farmers to look for potential international markets.

“We realised we have a market for one day’s breakfast in China and that is a huge market,” he said.

“The results achieved to date under the second republic are due to bold decisive and sometimes painful but focused planning coupled with timely implementation.”

Meanwhile, Mnangagwa ordered Agriculture minister Anxious Masuka to find replacements to English names on dams such as Causeway and Silverstream.

The post ED ‘gives up’ on sanctions fight appeared first on NewsDay Zimbabwe.


  • comment-avatar
    Nyoni 5 days ago

    Herr Ed and co. What’s wrong with you lot. Simply do the right thing with the people and all else will fall in place. Your problem is talk talk talk but no action. For instance jail all your friends for public theft of our monies , allow opposition parties to keep you “honest” even though you hate it. There is so much you can do . Oh I forgot to say Vacate the seat and hand it over to others. Your lot are simply useless.

  • comment-avatar
    Joliffe 5 days ago

    What utter rubbish this man speaks, now going the same way as Mugabe!!! People of Zimbabwe go overseas because there are no decent paid jobs, apart from ones stolen by you and the cronies in the unconstitutional coup, and the ridiculous and murderous land reform which you helped initiate!!!

    • comment-avatar
      Caiphas Sithole 4 days ago

      Zimbabweans must have the right mentality to think properly and positively please. At 41 years of independence and the country has been governed and total destroyed by one party state- EVIL DOERS ZANU PF Gangsters, and people still today believe in it, truly zimbabweans are cowards and selfishness. We need competitive Leadership and rotation of governance in Zimbabwe, not always forcibly represented by evil forces of darkness. Zimbabwe is always  everyday in the eyes watchfulness of different Diplomatic cops who represented their countries and do report back to their countries what Zanu PF is evilly doing, hence no developments will ever taking place, but Zanu pf people are always crying nonsensically with only personal targeted restrictive travel ban conditions which were imposed on them for crimes they have committed against citizens, Zimbabwe itself is not under any sanctions in whatsoever.

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    Fields Game 4 days ago

    The ICC is the only place for this perp of an our lifetime genocide. Off with him.

  • comment-avatar
    MILES R ANDERSON 3 days ago

    Zimbabweans must VOTE him out and then send him and his friends to Chikurubi.