Newscast - Africa

U.S. Imposes Sanctions On Zimbabwe Businessman


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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.
Deputy Treasury Secretary Justin Muzinich said Tagwirei and other Zimbabwean elites have derailed economic development and harmed the Zimbabwean people through corruption.
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Newscast - AfricaBy Africa Business Radio