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Press Release: Masiyiwa Pleads With Global Funders To Support Zimbabwe & Sudan

Strive Masiyiwa

Businessman Strive Masiyiwa has appealed to the World Bank, the IMF and other multilateral institutions for humanitarian support for Zimbabwe and Sudan in the wake of the economic devastation brought about by the COVID-19 Coronavirus epidemic.  

Said Masiyiwa in his appeal:  

As many of you on this platform know, I have been at the forefront, for several weeks, in asking for Debt Relief and Economic Impact Stimulus on behalf of the African continent.

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In making these appeals, those of us who have called for these measures have used as our bench-marking measures that have been taken in the US, Europe, Asia, and China.

So far I am pleased that there has been growing support for these measures. 

At the last World Bank, IMF and G20 meetings, many African countries secured debt relief by way of ‘standstills’ on interest payments, which are valued at over US$22bn. 

More than half of that money has been disbursed already to countries in Africa, as it was sitting in debt service accounts.

These African countries can now urgently buy Medical Equipment, PPE, ventilators. They can also train and pay doctors and nurses.

Two countries were conspicuous in their omission from any form of relief: Zimbabwe and Sudan.

This is because they are under sanctions.

While I don’t want to get into the issues around how and why there are sanctions, everyone knows that I personally had to flee my country, Zimbabwe, because of persecution 20 years ago. 

I have not been back since.

I am not a politician, just an entrepreneur working day and night to create wealth and jobs across many African nations.

I have not spoken to anyone in the governments of these countries, including that of Zimbabwe, with respect to this matter. I have no personal contact with the leaders of these governments. 

For the avoidance of doubt; This is not an appeal for the lifting of sanctions. 

People also know that my wife and I (through our small family foundation) continue to do everything we can to try and help the people of Zimbabwe, including making many preparations to help prepare for the catastrophic impact of this pandemic on the nation.

Alas, we are just private citizens, and it is not enough. 

We are deeply concerned about the potential loss of life if international aid does not come quickly, specially to address the needs of this pandemic.

I would like to respectfully make the following suggestion:

#Creation of a Special Purpose Trust Vehicle, under the leadership of independent people, including global humanitarians:

I would like to appeal to the World Bank, IMF and other multilateral institutions, to create humanitarian Trusts for each country, which are managed by third parties, along the lines of the Global Fund.

I have consulted widely with experts and many told me of numerous precedences, at the level of the UN, IMF, World Bank, the EU or even the US government itself.

The more countries that can contribute, even from China, and our African brothers, the more credible it would be, as global compassion towards the people’s of these very poor nations.

I would urge them to consider seeding the Trusts with at least $500m and inviting others including private philanthropy to participate.

In the case of Zimbabwe, I will personally contribute in a Trust and encourage friends and partners to do the same.

The money would be used to provide urgently required medical supplies, training and remuneration for health care workers. We can also provide urgently needed repairs to hospitals and rural clinics across the country.

This is a humanitarian appeal.

Please help Sudan and Zimbabwe’s people. 

In God’s name please help these nations, before it is too late.


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4 thoughts on “Press Release: Masiyiwa Pleads With Global Funders To Support Zimbabwe & Sudan

  1. Africa will always be indebted. Yes its for a good cause. My question. Are we expected to pay back this money or indeed it is seed which is never required to be paid back. Also, I only say this because I wonder if we need it for infrastructure or business stimulus and humanitrian aid under COVID 19 relief.

    The IMF, World Bank and other organisations have always donated to Africa my question is what will Africa change this time if we have always received money from them before. Chii chachinja zvinho. We have enough in Zim to build with what we have, despite sanctions and all we can do it. We did it when we were sanctioned before Mugabe’s regime. Why not apply the same principles now.

  2. Businesses have been impacted including matrices businesses. And small bdinesses and the self employed and informal sector. Things will never be the same again. I advocate for giving and aid as a Christian. I just don’t want us to be in the borrower mentality anymore. It ruined Africa. And paralyzed mindsets. Yes the hungry will need to be fed. People will need money, nurses and hospitals equipment. I just don’t think COVID 19 will strike Zimbabwe healthwise as hard as it hit other nations. Not sure of Sudan. But maybe for Zimbabwe talk about the aid to the economic impact that has happened. Equipment,you know what guys $60 worth of inventors have been invented by one of our neighbours Angola and including $1 testing kits not even sure howuch the face masks are. Can we not work with those instead. And cut costs? $500 million USD if it does come, will be quite a lot and and buy a lot of equipment, support businesses, re-equip our infrastructure pool and do well. But let’s be careful of AID mentality. This may be out chance to saves our nation with what we already have.

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