Zim gets US$250m to fight Covid-19

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BUSINESS magnate and African Union’s Special Envoy in charge of coordinating Africa Private Sector Initiative for the Procurement of Personal Protective Equipment and other Essential Supplies for Covid-19, Strive Masiyiwa, says Zimbabwe has so far received US$250 million to fight the pandemic.

As of yesterday afternoon, Zimbabwe had 479 cases of coronavirus, including four deaths and 63 recoveries.

In a statement yesterday, Masiyiwa said: “Global Fund and GAVI (the vaccine alliance) have so far availed over US$50m to Zimbabwe.

“In addition, Zimbabwe has received over US$200m from AfriEximbank.

“The good news is that this (last) week Zimbabwe health officials held meetings with AMSP and AfriEximbank officials.

“They were informed that they could buy all the supplies they need from the platform and AfriEximbank will pay. We immediately received their lists.”

He said many African countries had received money from “what is known as “Debt Standstill”, whilst others have had “Emergency Relief” extended to them by multilateral financial institutions.

“The total amount released to date is now in excess of US$33bn.

“Getting this money is the work of my fellow envoys who include Dr Ngozi Okonjo-Iweala, Dr Donald Kaberuka, Trevor Manuel, Tidjane Thiam. We work together every day.

“They have done a fantastic job and are working to get that money to reach US$100bn so that it can also reach small businesses.

“I’m confident they will succeed because these guys are world class smart,” he added.

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