Browsing: Sanctions

At the dawn of his administration, President Mnangagwa promised to address the country’s record on human rights, targeting those that oppress political activists and opposition, political party supporters, during elections. He also said his government would introduce economic policies favouring foreign investment. His mantra was ‘Zimbabwe is Open for Business. In its quest to kick-start itself to its former glory, the Zimbabwean government came up with economic policies such as the Look East Policy, and Indigenization, but they failed to yield results.

Mnangagwa’s administration has been rallying anti-sanctions sentiments, embarking on a re-engagement policy and the ‘Zimbabwe is Open for Business mantra. But, the sanctions have remained in place.

According to Afrobarometer, Mnangagwa has managed to mobilize support against the sanctions. In October 2019, leaders of the Southern African Development Community (SADC) agreed to campaign for the removal of the sanctions, arguing that they destabilize Zimbabwe’s economy and adversely affect the region. ZimEye reported a group of ZANU-PF supporters who camped near the U.S. Embassy in Harare on March 29, 2019, and vowed to stay put until the sanctions were lifted.

There are still questions about Africa’s ability to serve as a viable interim option for natural gas while Europe confronts Russia’s military offensive. According to experts, a historical lack of investment in gas infrastructure has harmed Sub-Saharan Africa’s energy business compared to Northern Africa.

For example, Algeria’s Maghreb-Europe Gas Pipeline connects Algeria – Africa’s largest natural gas exporter – to Spain and Portugal via Morocco, and Algeria’s Medgaz pipeline connects Algeria directly to Spain. However, a decline in gas output caused the decline due to a breakdown in relations with Morocco; Algeria declared last October that it would immediately begin delivering gas straight to Spain.

It is critical to remember that [North] Africa already had a developed gas export market with Europe [pre-Ukrainian crisis]. The projected expansion of the Medgaz pipeline capacity [in Algeria] is to boost shipments to Europe.