Zimbabwe claims loss of $150 billion due to sanctions

Zimbabwe's Vice President, Constantino Chiwenga, has declared that the nation has lost a potential economic gain of $150 billion over the past two decades due to Western-imposed sanctions.

Zimbabwe's Vice President, Constantino Chiwenga, has declared that the nation has lost a potential economic gain of $150 billion over the past two decades due to Western-imposed sanctions.

The country is in debt-distress as it closed the year 2020 owing to its external creditors as much as US$10,523 billion in Public and Publicly Guaranteed debt with more expected to be loaded on the total bill, Business Weekly revealed in a report.

Chief Ndiweni urged those planning to join the sanctions march to "call out loud for the resignation of Mnangagwa and his government because of the failure of their sanctions strategy".