Tibor Nagy, the assistant secretary of state for African affairs, said that Zimbabwe’s level of education and infrastructure meant it stood to enjoy “dramatic economic progress” if the right policies were put in place.
“We are very much encouraged by some of the things they say; we are now looking for some concrete examples of moving forward,” Nagy said of the Zimbabwean leadership.
“I can tell you that Zimbabwe is another country that the American business community could be very excited by based on concrete achievements,” he told a press conference by telephone with African journalists.
He stopped short of saying whether the United States would lift sanctions, which target government officials and state-run businesses but do not include a blanket ban on US investment.
President Donald Trump in August renewed sanctions, saying more progress was needed, even after Zimbabwe on July 30 held its first elections since Mugabe stepped down last year.
The newly elected President, Emmerson Mnangagwa, has vowed economic reforms and sought to woo foreign investors back to Zimbabwe, which under Mugabe saw hyperinflation so extreme that the country printed a 100-trillion-dollar note.
Nagy, a veteran US diplomat in Africa, was confirmed by the Senate in July after Trump nominated him for the post, which had been vacant for more than a year.
Nagy will head to the continent next week on a trip that will include a speech on US-Africa relations in Nigeria.
He will also visit Guinea, Mali and Togo as well as Britain and France, where he will meet his counterparts on Africa policy.-AFP
(186 VIEWS)
Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…
The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…
Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…
The United States lost its place as the most influential global power in Africa last…
The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…
The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…