The United States of America, through its embassy in Harare, has again refuted claims that it imposed ruinous sanctions on Zimbabwe leading to the economy’s implosion.
In a Twitter post on Friday afternoon, the US said that corruption is responsible for investors’ reluctance to pour their money into the country.
A case in point is the Dema Emergency Power Plant in 2016 where an American company won the tender to construct the diesel power plant with the Zimbabwean government withdrawing the contract and awarding it to Sakunda Holdings who never bid on the tender. The US embassy tweet read:
American firm won tender and was ready to provide top-quality construction of Dema Power Plant in 2016, but the contract was taken away and given to Sakunda, who never bid on the tender. #Corruption deters foreign business.