Washington – Today, the U.S. Department of the Treasury’s
Office of Foreign Assets Control (OFAC) designated Kudakwashe Regimond Tagwirei
(Tagwirei) for providing support to the leadership of the Government of
Zimbabwe, as well as Sakunda Holdings for being owned or controlled by
Tagwirei. Today’s action corresponds with the second anniversary of the
Zimbabwean government’s violent crackdown against its citizens who were
protesting flawed government elections and the delayed results of the election,
which resulted in the deaths of at least six civilians on August 1, 2018.
“Tagwirei and other Zimbabwean elites have derailed
economic development and harmed the Zimbabwean people through corruption,” said
Deputy Secretary Justin G. 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.”
Tagwirei is a Zimbabwean businessman with longstanding
associations to the ruling party in Zimbabwe and high-level Government of
Zimbabwe officials, including the current President of Zimbabwe, Emmerson
Mnangagwa (Mnangagwa), and First Vice President Constantino Chiwenga, who were
listed in the Annex to Executive Order (E.O.) 13288 in March 2003, and the
Annex to E.O. 13391 in November 2005, and remain on OFAC’s List of Specially
Designated Nationals and Blocked Persons (SDN List). Tagwirei has utilized his
relationships with high level Zimbabwean officials to gain state contracts and
receive favored access to hard currency, including U.S. dollars. In turn,
Tagwirei has provided high priced items, such as expensive cars, to
senior-level Zimbabwean government officials. Since former Zimbabwe President
Robert Mugabe’s 2017 departure, Tagwirei used a combination of opaque business
dealings and his ongoing relationship with President Mnangagwa to grow his
business empire dramatically and rake in millions of U.S. dollars.
Additionally, Tagwirei is the Chief Executive Officer (CEO)
and founding director of Zimbabwe-based Sakunda Holdings. As CEO, Tagwirei is
responsible for the overall strategy and direction of the company, as well as
developing and maintaining relationships with key stakeholders, including
regulators and clients. Government audit reports prompted a 2019 parliamentary
inquiry into whether public funds were misappropriated, revealing the
government had failed to account for about $3 billion disbursed under the
Command Agriculture program, a state farm subsidy championed by President
Mnangagwa and largely financed by Sakunda Holdings.
Tagwirei was designated pursuant to E.O. 13469 for having
materially assisted, sponsored, or provided financial, material, logistical, or
technical support for, or goods or services in support of, the Government of
Zimbabwe, any senior official thereof, or any person whose property and
interests in property are blocked pursuant to E.O. 13288, E.O. 13391, or E.O.
13469. Sakunda Holdings was designated pursuant to E.O. 13469 for being owned
or controlled by, or for having acted or purported to act for or on behalf of,
directly or indirectly, Tagwirei.
Additionally, OFAC concurrently removed sanctions on the
recently-deceased John Bredenkamp (Bredenkamp) and 20 companies owned or
controlled by Bredenkamp: Alpha International (Private) Ltd., Breco (Asia
Pacific) Ltd., Breco (Eastern Europe) Ltd., Breco (South Africa) Ltd., Breco
(U.K.) Ltd., Breco Group, Breco International, Breco Nominees Ltd., Breco
Services Ltd., Corybantes Ltd., Echo Delta Holdings Ltd., Kababankola Mining
Company, Masters International Ltd., Masters International, Inc., Piedmont (UK)
Limited, Raceview Enterprises, Scottlee Holdings (Pvt) Ltd., Scottlee Resorts,
Timpani Ltd., and Tremalt Ltd. This individual and these entities were
previously designated under E.O. 13469 in 2008.
Beginning with E.O. 13288, “Blocking Property of Persons
Undermining Democratic Processes or Institutions in Zimbabwe,” in March 2003,
the U.S. Department of the Treasury has used its authorities to identify,
disrupt the activities of, and promote accountability for persons who commit
human rights abuses, engage in corruption, or undermine democratic processes or
institutions in Zimbabwe. Treasury joins the U.S. Department of State in urging
the Zimbabwean government to take meaningful steps towards creating a peaceful,
prosperous, and politically vibrant Zimbabwe, rather than using public
resources to blame Zimbabwe’s ills on parties other than its corrupt elite and
the institutions they abuse for their personal benefit. Today’s actions
continue to demonstrate the importance of Treasury’s sanctions authorities and
the United States’ ongoing commitment to supporting a transparent and
prosperous Zimbabwe.
Treasury’s authorities in relation to Zimbabwe are publicly
available, and Treasury strongly encourages those with questions on the reach
or extent of those authorities, or the criteria for the listing or delisting of
individuals or entities, to access Treasury’s page dedicated to the Zimbabwe
sanctions program.
As a result of Treasury’s designation, all property and
interests in property of this individual and entity that are in the United
States or in the possession or control of U.S. persons must be blocked and
reported to OFAC. OFAC’s regulations generally prohibit all dealings by U.S.
persons or within (or transiting) the United States that involve any property
or interests in property of blocked or designated person.
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