UZ research team wins $150 000 bid to research on impact of sanctions on Zimbabwe's economy

Higher Education Minister, Professor Jonathan Moyo has revealed that the University of Zimbabwe research team has won a $150 000 bid to research on the economic impact of trade and travel sanctions imposed on its leadership by Western countries.

Last year, Government announced in local Press that it was offering $150 000 to an interested “consortium of local and international researchers” to carry out research into the economic impact of sanctions. The research will be funded through the Zimbabwe Manpower Development Fund. The advert said:

A comprehensive report with full results of the study will be required by the ministry within 12 months following receipt of the funding.

The ministry expressed hope the research would “find a coherent answer” on the question of the economic impact of the declared and undeclared sanctions on the country and its citizens. The advert said that it has since been estimated that the sanctions have cost Zimbabwe well in excess of $42 billion, since 2001 as well as heavy brain drain.