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Tagwirei shifts assets after US, UK sanctions

Published

4 years ago

August 13, 2021

BY FELIX NJINI AND ANTONY SGUAZZIN

Zimbabwe’s government is pressing ahead with a plan to combine its mining assets under a massive private-public enterprise, even as evidence mounts that the project could be linked to a tycoon sanctioned by the United States and United Kingdom

Previously unreported documents, including correspondence among executives and shareholders, show that weeks after Kudakwashe Tagwirei was sanctioned by the US, his Mauritius-based Sotic International Ltd. began planning to shift its assets to a newly created Zimbabwean holding company — Ziwa Resources Ltd.

Ziwa is the only private shareholder in the partnership, called Kuvimba Mining House Ltd.

Zimbabwe government officials have repeatedly denied that Tagwirei has any connection to Kuvimba.

But Bloomberg in May reported that Kuvimba holds assets that were until at least late last year part-owned by Tagwirei, citing company documents, emails and transcripts of WhatsApp conversations between executives.

The government has as recently as last month declined to say how Kuvimba came to possess the assets, which include choice mineral deposits and mines that it says are worth $2 billion.

Tagwirei, an advisor to Zimbabwe’s President Emmerson Mnangagwa, was sanctioned by the US on August 5 last year on allegations that he used political influence to gain access to scarce foreign currency and win lucrative deals.

The US linked him to the disappearance of $3 billion from a farm-subsidy program, and the UK sanctioned him last month for similar reasons.

Under the US sanctions, Tagwirei is effectively cut off from international financial markets.

The ruling prohibits US citizens from doing business with him, and his assets in the U.S. are frozen and must be reported to the US Treasury.

Tagwirei didn’t answer calls made to his mobile phone for this story.

Known locally as “Queen Bee,” Tagwirei’s influence over the Zimbabwean economy is so deep that US and UK officials have said payments made to him helped trigger a collapse in Zimbabwe’s currency and contributed to runaway inflation, including drastic increases in the price of food.

Zimbabwe last year called the U.S. sanctions racist and intended to undermine the government. – Bloomberg

In the community

Hwange police seek public’s help in locating missing teen

Published

1 week ago

May 15, 2025

VicFallsLive

BY STAFF REPORTER

The Hwange police are urgently seeking the public’s assistance in locating 16-year-old Latoya Lisa Munkuli, who went missing on May 7, this month.

Latoya, a dark-complexioned female juvenile, was last seen leaving her residence in Hwange around 4 pm.

She was wearing a distinctive outfit consisting of green trousers and a white T-shirt, and carried a black satchel. She stands approximately 1.6 meters tall.

Inspector Glory Banda of the Hwange police is leading the investigation and urges anyone with information about Latoya’s whereabouts to come forward.

If you have any information about Latoya’s disappearance, please contact Inspector Banda on 0785961747 or 0771256607.

National

Coal train in flames: NRZ locomotive damaged in fire incident

Published

1 month ago

April 16, 2025

VicFallsLive

BY WANDILE TSHUMA

A National Railways of Zimbabwe (NRZ) locomotive suffered significant damage after catching fire while transporting export coal to Zambi. The incident occurred between Kalala and Matetsi sidings, resulting in the explosion of the locomotive’s fuel tanks.

According to the NRZ press statement on Monday, “A National Railways of Zimbabwe locomotive suffered some damages after it caught fire this afternoon while transporting export coal to Zambia.” Fortunately, the crew members on board managed to escape unharmed.

The NRZ responded swiftly to the incident, dispatching a rescue train with crews to the site. The team successfully extinguished the fire, preventing further damage. However, the locomotive itself sustained considerable damage.

The cause of the fire is yet to be determined, with investigations currently underway. “Investigations are already underway to establish the cause of the fire and the amount of damage to the locomotive,” the NRZ statement read.

In the community

Human-wildlife conflict claims 18 lives in Zimbabwe’s first quarter

Published

1 month ago

April 16, 2025

VicFallsLive

BY NOKUTHABA DLAMINI

The Zimbabwe Parks and Wildlife Management Authority (ZimParks) has reported a disturbing trend of human-wildlife conflict in the country’s first quarter of 2025. According to the authority, 18 people have lost their lives, and 32 others have been injured in encounters with wildlife.

ZimParks spokesperson Tinashe Farawo revealed that the authority received 579 cases of human-wildlife conflict, which they managed to respond to promptly. The incidents have also resulted in significant livestock losses, with at least 53 cattle and 85 goats killed by wildlife.

The districts most affected by these incidents include Binga, Hwange, Kariba, Chiredzi, Hurungwe, Nyaminyami, and Mbire. ZimParks has been working tirelessly to raise awareness about wildlife behaviors and effective preventive measures in these areas.

In response to the crisis, ZimParks has translocated 129 animals back into protected areas and eliminated 158 animals deemed problematic.

“We encourage communities to continue reporting incidents to ZimParks Problem Animal Control numbers and local leadership, such as Councillors, Traditional Leaders, and Rural District Council Authorities, to ensure that we preserve lives,” Farawo urged.

The significant increase in livestock losses, with cattle deaths rising from 18 to 53 and goat deaths from 21 to 85 compared to the same period in 2024, highlights the growing challenge of human-wildlife conflict in Zimbabwe.

ZimParks’ efforts to mitigate the conflict include community initiatives to educate people on managing wildlife encounters effectively.