advertisement

Strive Masiyiwa To Launch $100m Rural Entrepreneurship Fund

advertisement
Strive and Tsitsi Masiyiwa

The Founder of Econet Global, Strive Masiyiwa, along with his wife Tsitsi Masiyiwa have pledged $100 million to a fund rural entrepreneurs. Masiyiwa, who also happens to be one of the richest Africans in the world had this to say about the fund:

advertisement

My wife and I have decided to set up a special fund of $100m over 5 years for ReImagine Rural in Zimbabwe.
We have also challenged our friends in the philanthropy community to join us to expand it across Africa.
The fund which is our own personal money will be disbursed as loans through Steward Bank (a member of the Econet group).
The money will support projects from rural entrepreneurs or those entrepreneurs willing to focus on rural areas.

SB will set up a special team [Masiyiwa Rural Challenge Fund].
I want to use this initiative to challenge global donors to support mass entrepreneurship in Africa by putting my own money into what I believe. My wife is currently on a major drive to get this concept adopted by other philanthropists, so we can push into other African countries.

advertisement

This initiative does not reduce our commitment to other areas of our philanthropy efforts including education and the $60m sanitation and water initiative in Harare.
We thank the Lord who empowers us!

Details of how the fund will work were posted on his Facebook page and we know the following:

  • 25% must be set aside for an area of Zimbabwe called Matabeleland;
  •  Women must get minimum 50%;
  • Young people must be the focus;
  • Traditional businesses like stores and grinding mills will be excluded. We want to see a new generation of businesses, to fulfil my dream of #ReImagineRural.
  • Min: $1000, Max $10,000.
  • No collateral;
  • Maximum interest 5%;
  • Repayments will go into revolving fund;
  • All entrepreneurs must undergo training before loans;
  • No political lobbying for support

 


Quick NetOne, Telecel, Africom, Econet Airtime Recharge

If anything goes wrong, click here to enter your query.

Powered by Techzim


WhatsApp Discussions

Click to join a Techzim WhatsApp group:
https://chat.whatsapp.com/KUBCXUZQEsQBGzP2d2EiCr

If you find the group full, please notify us on +263 715 071 199 and we'll update the link.


36 thoughts on “Strive Masiyiwa To Launch $100m Rural Entrepreneurship Fund

  1. I pray that people don’t take money to bhawa, semari dze command agriculture dzinoperera patwu fodya twenhando

  2. As a young guy aged 23 2nd year at Midlands state university doing agricultural economics and development ,, I’m motivated to apply for this loan and start a sustainable project that will bring out the best from the resources in Matabeleland

  3. As a young guy aged 23 2nd year at Midlands state university doing agricultural economics and development ,, I’m motivated to apply for this loan and start a sustainable project that will bring out the best from the resources in Matabeleland

Comments are closed.