Zimbabwe corporates launch Cyclone Idai ‘Reboot Fund’

Top Zimbabwean private companies yesterday announced the launch of an initiative called Reboot Fund, aimed at raising at least RTGS$100 million (about US$35 million) to assist in the rebuilding and reconstruction in areas that were devastated by Cyclone Idai three weeks ago.

The tropical cyclone, which originated from Mozambique and passed through Zimbabwe, left a trail of destruction killing nearly 300 people to date, hundreds still unaccounted for, over 20 000 displaced and millions of dollars worth of housing and infrastructure washed away.

The affected areas, which are mainly in rural Zimbabwe, also saw families losing their livestock such as cattle, goats, sheep and poultry.

Three of Zimbabwe’s top companies, Old Mutual, Econet Wireless, United Refineries Limited (URL) and little known Vinal Investments and Miracle Missions have joined hands to establish the Reboot Fund.

“Let us all come together, each one bringing what they have to the table towards our RTGS $100 million Reboot Fund goal,” the fund said.

The fund said it is still open to new partners and is also taking donations from well-wishers.

“The extent (of destruction) is dire and the need overwhelming, but what is impossible for one can be made possible when many rise to the call.

“Zimbabwe needs your help,” the fund said in its rallying call for support.

“Let us play our part and rebuild our nation, together we can do this.”

An interim board of trustees made up of Old Mutual chief executive, Jonas Mushosho, Econet CEO, Douglas Mboweni, URL chief executive, Busisa Moyo as well as Vinal chairman Shingi Munyeza and Miracle Missions trustee, Jaqueline Anderson has been set up and will be responsible for the fund.

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