‘I Bailed Out Broke Zim During Food Shortages’ – Masiyiwa Makes Stunning Revelation
Zimbabwe’s first billionaire Strive Masiyiwa revealed that he assisted the government to buy grain at a time when the country was facing food shortages.
In a conversation with CNBC Africa’s Wole Famurewa, as a client of the African Export Import Bank (Afreximbank) in Abuja yesterday, Masiyiwa said when he received a distress call from Zimbabwe, he turned to Afreximbank.
“On one occasion, the governor of the central bank called me that he had a maize shipment and had no money,” he said
“They issued me an instrument called diaspora bond and the people that helped me to pay the shipment of maize was Afreximbank.”
Masiyiwa said Afreximbank had remained in Zimbabwe when the economy was hit by sanctions.
“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,” said Masiyiwa
Masiyiwa was once demonised by the previous Zanu PF government for allegedly funding the opposition, but has maintained that he is not interested in politics..
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