Businessman and founder of Econet Wireless Zimbabwe, Strive Masiyiwa has revealed that he bailed out the country when the government was faced with food shortages and had no money. Speaking to CNBC Africa’s Wole Famurewa in Abuja, Masiyiwa also praised the Afreximbank saying,
On one occasion, the governor of the central bank called me that he had a maize shipment and had no money. They issued me an instrument called diaspora bond and the people that helped me to pay the shipment of maize was Afreximbank. When sanctions hit the country, every credit line disappeared. You could not talk to anyone, they were shutting down. For us as a business, there was one institution that remained and it was Afreximbank.
More: The Standard
Strive Masiyiwa (born 1961) is a Zimbabwean born entrepreneur, and philanthropist. He is the founder and chairman of Econet Wireless International a global telecommunications group. In 2002, Masiyiwa made it to the Time Magazine List of Most Influential People, and in March 2014, he was... Read More About Strive Masiyiwa
Econet Wireless Zimbabwe, a subsidiary of Econet Wireless International, is the first and largest mobile network services provider in Zimbabwe. The telecoms giant became popular with its products and services such as Buddie. It has established branches in different corners of the country and enjoys... Read More About Econet Wireless Zimbabwe