spot_img

Masiyiwa foundation avails $60m for cholera fight

Must Try

Trending

By Thandeka Moyo

The Strive and Tsitsi Masiyiwa Family Foundation and has availed $60 million towards the cholera response in Zimbabwe. Cholera claimed more than 70 lives last year.

Strive Masiyiwa and his wife Tsitsi Masiyiwa arrive at the 23rd Opera Gala (Aids Gala) at Deutsche Oper Berlin on November 5, 2016 in Berlin, Germany. (Photo by Franziska Krug/Getty Images for Deutsche AIDS-Stiftung)
Strive Masiyiwa and his wife Tsitsi Masiyiwa arrive at the 23rd Opera Gala (Aids Gala) at Deutsche Oper Berlin on November 5, 2016 in Berlin, Germany. (Photo by Franziska Krug/Getty Images for Deutsche AIDS-Stiftung)

The commitment from the Econet founders comes on the back of an initial $10 million investment by Econet Wireless Zimbabwe at the onset of the cholera outbreak in Zimbabwe in September 2018.

In a statement yesterday, Econet said nearly half of the initial investment has been spent to date and the Masiyiwas are now committing to expand the investment by $60 million of their own funds, to be spent over the next five years.

“Since the 2018 cholera outbreak in Zimbabwe, the Government has led a massive effort to contain the spread of cholera. The swift response and decisive leadership of the Health Ministry and Child Care was a critical success factor,” said Econet.

Through the support of international partners, the 2018 outbreak was quickly contained compared to the 2008 outbreak which claimed 4 000 lives.

“Of the initial US$10 million investment, close to half has already been put to use to rehabilitate critical but dilapidated sewer infrastructure and to procure emergency supplies to manage the outbreak. An emergency project is already underway to build a large public health emergency operations centre. This will be used by the Ministry to monitor and respond to a range of disease outbreaks and public health security threats around the country,” read the statement.

The funds are intended to scale up efforts on a long-term roadmap to eliminate water-borne diseases, focusing on catalysing innovative solutions to the water and sanitation infrastructure problem.

“Rehabilitating water and sanitation infrastructure comprehensively will call for a heavy lift, requiring a few hundred million dollars. We are working to make the investment case with other partners, for them to join us in this challenge to make the basic right to clean water a reality for all Zimbabweans,” said Mrs Masiyiwa.

She said it was not acceptable that in 2019 people should still lose their lives to cholera which, if detected early, can be prevented, managed and treated.

In Zimbabwe, as in many other developing countries, cholera often manifests as a health crisis, but is an underlying indication of critical challenges in municipal service delivery and financing, maintenance and management of waste and sewer treatment facilities. The Chronicle

Related Articles

Zimbabwean billionaire Strive Masiyiwa seen here at Yale University in the United States (Picture via Facebook - Strive Masiyiwa

Billionaire Strive Masiyiwa recalls 1993 rejection and landmark legal battle in Zimbabwe

0
Zimbabwean billionaire and telecom pioneer Strive Masiyiwa has vividly recounted how a rejected 1993 proposal to the state-owned Posts and Telecommunications Corporation (PTC) sparked a historic legal battle that ultimately dismantled Zimbabwe’s telecommunications monopoly.
Econet Wireless Zimbabwe, is the country’s largest telecommunications company (Picture via Facebook - Econet Zimbabwe)

Econet says stock price doesn’t reflect reality, plans to escape ZSE’s ‘distortions’

0
HARARE - Econet Wireless Zimbabwe, the country’s largest telecommunications company, has said that its current valuation of about US$628 million on the Zimbabwe Stock Exchange (ZSE) significantly understates the true worth of its business and infrastructure assets.
Outside the Econet Wireless headquarters in Harare

Data demand drives Econet’s third quarter 69% revenue growth in Zimbabwe

3
HARARE - Econet Wireless Zimbabwe Limited has announced a 69% growth in revenue for the third quarter ended November 30, 2024, driven by a 42% increase in revenue from its mobile network operations and the acquisition of financial technology (FinTech) businesses.
Outside the Econet Wireless headquarters in Harare

Econet expands 5G network, adds 32 new base stations in Harare

0
The Zimbabwe Stock Exchange listed telecoms giant, Econet Wireless Zimbabwe Limited has bolstered its 5G network by deploying 32 new base stations in Harare, with plans to roll out an additional 120 sites.
Econet Wireless Zimbabwe is a leading telecommunications company offering mobile phones, social media, data bundles, music streaming, mobile gaming, and a virtual assistant. (Picture via Facebook - Econet Zimbabwe)

Econet unveils plans to revolutionise telecoms industry in Zimbabwe

0
Econet Wireless Zimbabwe Limited has unveiled its strategic plans to revolutionise the telecommunications industry in Zimbabwe, with a focus on network modernisation, digital innovation and financial technology integration, as revealed in its latest trading update for the first quarter ended May 31, 2024.

Don't miss a story

Breaking News straight to your inbox.

No spam just news !

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
- Advertisement -spot_img
- Advertisement -spot_img

Latest Recipes

Latest

More Recipes Like This