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August 6, 2020

US imposes sanctions on Zimbabwe businessman, company

World

 
August 6, 2020

WASHINGTON: The United States on Wednesday imposed sanctions on Zimbabwean Kudakwashe Tagwirei, an adviser to President Emmerson Mnangagwa, accusing the prominent businessman of being corrupt and helping support the government of Zimbabwe. The U.S. Treasury Department in a statement said it blacklisted Tagwirei and Zimbabwe-based Sakunda Holdings, of which he is chief executive, accusing the businessman of using “opaque business dealings and his ongoing relationship with President Mnangagwa to grow his business empire dramatically and rake in millions of U.S. dollars.” “Tagwirei and other Zimbabwean elites have derailed economic development and harmed the Zimbabwean people through corruption,” said Deputy Treasury Secretary Justin Muzinich. “The United States supports the economic well-being of the Zimbabwean people and will target repressive and corrupt acts and graft by Zimbabwean politicians and their financiers,” he added.