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Major News - US removes business sanctions on Zimbabwe



For the first time since 2003, US Business Sanctions have been removed making Zimbabwe once again an attractive investment and expansion location.



This means that foreign capital and profits can now freely move in and out of Zimbabwe.


Zimbabwe as a country has a very rich natural potential (second largest reserve of platinum and chrome; diamonds, coal, gold, platinum, copper, nickel, tin, lithium, manganese, iron) and an adequate infrastructure (except for recurrent power cuts), which represent genuine assets to foreign investors in minerals and also renewable energy projects.


The strong sectors that are booming in Zimbabwe are in the:


- Abundant mineral resources (platinum, gold, diamond, nickel, lithium)

- A stock exchange in a Special Economic Zone (Victoria Falls Stock Exchange)

- Agricultural wealth (maize, tobacco, cotton, medicinal cannabis and hemp);

- Potential for tourism development (Victoria Falls as one of the world wonders, 8 national parks and many game reserves);

- Membership of the Southern African Development Community (SADC) as a trade corridor as borders are shared with South Africa, Mozambique, Botswana and Zambia;

- Robust legal framework and ease of setting up business.


Notably the removal of the Mines and Minerals Corporation of Zimbabwe from the sanctions means that Investors can now trade freely in Zimbabwe Minerals and Commodities on the international market.


For anyone looking at investing or expanding into Zimbabwe, get in touch with me today as we are always ready and willing to work and consult on investment opportunities, setting up companies and bank accounts, immigration services, FDI consultations, asset management services and sharing our database of premium asset areas.


Feel free to contact me:


Taka Rashid Gambe

Partner

Gambe Law Group Zimbabwe

Co-Chair Terralex Global Legal Network Mining Practice Group

Linkedin: LinkedIn

Whatsapp: +447482307574 

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