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Zimbabwean businessman Strive Masiyiwa is Africa's newest billionaire






Strive Masiyiwa is the founder and chair of the Econet Group. He recently made the 2018 FORBES list of African billionaires as Zimbabwe’s first billionaire.


FORBES estimates Masiyiwa’s net worth at $1.7 billion, ranking him 14th among Africa’s 23 billionaires.
Econet Group owns Econet Global, Econet Wireless Africa, Econet Wireless International, Econet Media, and Econet Entreprises and Liquid Telecom Group.


On Masiyiwa’s wealth and assets, FORBES notes:
  • He owns just over 50% of the publicly-traded Econet Wireless Zimbabwe, which is one part of his larger Econet Group.
  • Masiyiwa also owns just over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa.
  • His other assets include stakes in mobile phone networks in Burundi and Lesotho, and investments in fintech and power distribution firms in Africa.
He is also a philanthropist. He founded the Higherlife Foundation together with his wife, Tsitsi. The foundation pays the school fees of some 40,000 orphaned or low-income students in Zimbabwe, South Africa, Burundi and Lesotho.
The media mogul is also involved with the Ambassador Andrew Young Scholarship, which enables African students to attend the Morehouse College in Atlanta, Georgia, US.
Masiyiwa was named one of Time Magazine Most Influential Person in 2002.  In 2014, he was selected to Fortune Magazine’s list of the “World’s 50 Greatest Leaders”. .

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