Murerwa in another bid to secure funds

Ngoni Chanakira

FINANCE minister Herbert Murerwa yesterday left Zimbabwe for Addis Ababa, Ethiopia, where he will meet officials from the African Development Bank (ADB) in a bid to secure funds to bail the c

ountry out of its financial woes.


After Addis the minister will dash off to the International Monetary Fund (IMF) headquarters in Washington to “defend the country’s position” on June 6.


Murerwa will then board another plane, this time for Durban, South Africa, where he will again try and defend Zimbabwe’s economic performance at the influential World Economic Forum (WEF) on June 11.


In an interview yesterday, Murerwa said: “I am going to the ADB to try and secure more funding for various essentials. This includes electricity, foreign currency, as well as fuel. I will discuss other issues when I get there.”


Zimbabwe has an acute shortage of fuel, electricity and foreign currency which has worsened because the international community such as the IMF and World Bank abandoned supporting the country’s economic recovery programmes.


In Durban Murerwa will be accompanied by top business executives including Trust Holdings Ltd chief executive officer William Nyemba, Kingdom Financial Holdings Ltd deputy executive chairman Nigel Chanakira, Meikles Africa Ltd chief executive officer Chris Parvin, ZimSun Leisure group chief executive officer Shingai Munyeza, and former Finance minister Simba Makoni.