Strive Masiyiwa has revealed that he once assisted the broke government to buy maize. Masiyiwa told CNBC Africa's Wole Famurewa in...
Strive Masiyiwa has revealed that he once assisted the broke government to buy maize.
Masiyiwa told CNBC Africa's Wole Famurewa in Abuja yesterday that 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.”
The mogul, whose business has spread across the continent and beyond, 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, who left Zimbabwe 18 years ago.
“For us as a business, there was one institution that remained and it was Afreximbank,” said Masiyiwa, who left Zimbabwe 18 years ago.
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