Zimbabwean company removed from US sanctions list

The United States Department of the Treasury's Office of Foreign Assets Control (OFAC) has removed Zimre Holdings from its list of Specially Designated Nationals.

This was revealed in a  communique released by the OFAC on the Treasury website.
 
Zimre was placed on the sanctions list in 2008 (when Government was still a majority shareholder). The embargo placed on Zimre severely undermined its operations.

In 2014 Industrialist and former ZIMRE Holdings board member Mr Edmore Ndudzo says Zimbabwe should sue the United States government for its economic sanctions and members of the then united MDC who advocated for the embargo.

Mr Ndudzo said the lawsuit should seek to recover all funds belonging to Zimbabwean companies and individuals seized by the US Office of Foreign Assets Control.
 
Zimbabwe will be closely watching how the new administrations to be headed by Donald Trump will handle its relations with the country.