Strive Masiyiwa

Strive Masiyiwa (born 29 January 1961) is a London-based Zimbabwean

billionaire businessman and philanthropist. He is the founder and executive
chairman of the international technology group Econet Global.
 Strive Masiyiwa

Masiyiwa at Youth Town Hall in Kigali, Rwanda with President Paul Kagame

Born 29 January 1961

Zimbabwe

Nationality Zimbabwean

Alma mater University of Wales

Occupation Businessman

Title Founder and executive chairman, Econet Global

Board member of Unilever

National Geographic Society
Bank of America Asia Society
Rockefeller Foundation
Morehouse College
Ashinaga (organization) Netflix

Spouse(s) Tsitsi Masiyiwa

Children 6

He has gained international recognition for his business expertise and

philanthropy, and is considered one of Africa's most generous
humanitarians.[2][3] Masiyiwa has provided scholarships to more than 250,000
young Africans over the past 20 years through his family foundation.[4][5] He
supports more than 40,000 orphans with educational initiatives and sponsors
students at universities in America, The United Kingdom, and China.[6][7]
 Early life and education

Strive Masiyiwa was born in Zimbabwe on 29 January 1961. He attended

primary school in Zambia before completing his secondary education in
Scotland. When he was seven, his family fled the country after Ian Smith's
government declared independence from Britain.[8] The family settled in Kitwe,
a city in north central Zambia known for its copper mines. Masiyiwa's mother
was an entrepreneur. By the time Masiyiwa was 12 years old, his parents could
afford to provide him with a coveted European education.

They sent him to private school in Edinburgh, Scotland. When he graduated in

1978, he travelled back to Zimbabwe, intending to join the anti-government
guerrilla forces there.[8] However, he returned to school in Britain, and earned a
degree in Electrical Engineering from University of Wales in 1983. He worked
briefly in the computer industry in Cambridge, England, but soon returned to
Zimbabwe in 1984, hoping to aid the country's recovery after the war of
independence it had won in 1980.

Global influence

Masiyiwa's international appointments and board memberships over the years

include: Unilever (board member), Netflix (board member), the National
Geographic Society (trustee), Bank of America (global board member), Prince of
Wales Trust (trustee), UN Commission on Adaptation (Commissioner),
Generation Africa (co-founder), Pathways for Prosperity Commission on
Technology and Inclusive Development (co-chair), The Rockefeller Foundation
(former board member),[9] US Council on Foreign Relations (Global Advisory
Board),[10] the Asia Society (Board member), Stanford University (Global
Advisory Board), the Africa Progress Panel,[11] Alliance for a Green Revolution in
Africa (Chair, now Chair Emeritus),[12] The Micronutrient Initiative of Canada
(former board member),[13] Grow Africa, the African Union's Ebola Fund (co-
founder),[14] Morehouse College,[15] the African Academy of Sciences (Honorary
Fellow) and the Pan African Strategic Institute.

Masiyiwa is the only African member of the United States Holocaust Memorial
Museum's Committee on Conscience.[16] Masiyiwa also served on two UN
Advisory Panels.[17]

Leadership and international accolades

In 1999, the World Junior Chamber of Commerce named Masiyiwa one of the
Ten Most Outstanding Young Persons of the World.[18] In 2002, he was named
on Times Global Business Influentials List.[19] In 2003, a CNN Time magazine
poll named Masiyiwa as one of the most influential business leaders in the
world.[8]

In 2011, The Times of London named him one of the 25 Leaders of Africa's
Renaissance Award.[20]

In 2012, President Barack Obama invited Masiyiwa and four other business
leaders to attend the 38th G8 summit at Camp David to address them on
strategies on how to increase food production and end poverty in parts of
Africa.[21] Also in 2012, he was named one of the 20 Most Powerful Business
People in African Business by Forbes Magazine.[22]

In 2014, Fortune Magazine named Masiyiwa one of the 50 most influential

business leaders in the world.[23]

Masiyiwa was cited as one of the Top 100 most influential Africans by New
African magazine in 2014 and 2020.[24][25]

In September 2014, the Chair of the African Union (AU), Nkosazana Dlamini-
Zuma, asked Masiyiwa to help mobilise resources for Africa's response to the
Ebola outbreak. This was the first time The AU had asked a business leader to
undertake such a role.[26][27] Masiyiwa, with the help of other leaders, set up the
first ever Pan-African fund-raising campaign known as #AfricaAgainstEbola
Solidarity Fund.[28]

The fund has raised millions of US dollars from the public using SMS donations,
with contributions coming from many African countries. The donations enabled
The AU to deploy the largest known contingency of African healthcare workers
to combat the spread of the deadly pandemic.[29]

In 2015, Forbes Magazine named Masiyiwa in the 10 Most Powerful Men in

Africa list for 2015.[30]

In 2015, the International Rescue Committee (IRC) awarded Masiyiwa the

Freedom Award.[31][32] The award is given annually to an individual who makes
an extraordinary contribution towards supporting refugees and championing
the causes of liberty, individual freedom, and dignity.[33]
At the UN Global Leadership, 2015 awards dinner in New York City; The Africa
Against Ebola Campaign was recognised for their humanitarian contributions
and outstanding work in response to the Ebola epidemic.[34] Chairman of the
Trust, Masiyiwa accepted the award on behalf the Africa Against Ebola
Solidarity Trust.[34][35] Also in 2015, Masiyiwa earned the Lifetime Achievement
Award at both the African Business Awards and the Brand Africa Awards[36][37]
as well as the Freedom Award from the International Rescue Committee.[31][38]

In 2017, Fortune Magazine named Masiyiwa number 33 in the World's Greatest

Leaders list for 2017, along with Elon Musk and LeBron James.[39]

In 2018, Masiyiwa was granted the Points of Light Award in recognition of his
volunteer work.[4]

In 2019, he was awarded the Norman E. Borlaug World Food Prize Medallion[40]
and named one of the 100 Most Influential Africans by New African
magazine.[41]

In 2020, he was named a JA Worldwide Global Business Hall of Fame

Laureate.[42]

In December 2020 Masiyiwa was named by Bloomberg as one of the 50 world's

most influential people.[43]

In December 2020, Masiyiwa was included in the list as one of the 100 Most
Influential Africans of 2020 by the New African Magazine.[44]

In December 2020, Masiyiwa was included in the list, by the Mail & Guardian
Continential Edition, as one of the 100 Africans of the year for 2020.[45]

In May 2021, Masiyiwa was named by Fortune Magazine on the list of the
World's 50 Greatest Leaders.[46]

Business career and interests

Masiyiwa returned to his native Zimbabwe in 1984 after a 17-year absence.

After working briefly as a telecoms engineer for the state-owned telephone
company, he quit his job and set up his own company with the equivalent of
US$75.[47] In five years, he had emerged as one of the country's leading
industrialists, having built a large electrical engineering business.[48] The
emergence of mobile cellular telephony led him to diversify into telecoms, but
he soon ran into major problems when the Zimbabwean government of Robert
Mugabe refused to give him a license to operate his business, known as Econet
Wireless.[47]

Masiyiwa appealed to the Constitutional Court of Zimbabwe, on the basis that

the refusal constituted a violation of "freedom of expression". The Zimbabwean
court, then one of the most respected on the continent, ruled in his favour after
a five-year legal battle, which took him to the brink of bankruptcy.[47][49] The
ruling, which led to the removal of the state monopoly in telecommunications,
is regarded as one of the key milestones in opening the African
telecommunications sector to private capital.[8] The company's first cellphone
subscriber was connected to the new network in 1998.[50]

Masiyiwa listed Econet Wireless Zimbabwe in July 1998 on the local stock
exchange as a gesture of thanks to reward the thousands of ordinary people
who supported him during his long legal battles against the Zimbabwean
government.[51] Today, Econet Wireless Zimbabwe has gone on to become a
major business that dominates the Zimbabwe economy.[52] It is currently the
second-largest company in Zimbabwe by market capitalisation.[53]

In March 2000, fleeing persecution from the local authorities, Masiyiwa left
Zimbabwe, never to return to the country, and moved first to South Africa, where
he founded The Econet Wireless Group, a new and completely separate
organisation to the listed Zimbabwean entity.

His main interest remained in telecoms. Some of the key businesses that he
established with partners included Econet Wireless International, Econet
Wireless Global, Mascom Wireless Botswana, Econet Wireless Nigeria (now
Airtel Nigeria), Econet Satellite Services, Lesotho Telecom, Econet Wireless
Burundi, Rwanda Telecom, Econet Wireless South Africa, Solarway, and
Transaction Processing Systems (TPS). He also has interests in mobile
operations in New Zealand, Bolivia, and the Dominican Republic. The company
he created is known to have operations and investments, in more than 20
countries, including the United Kingdom, US, Latin America, and New Zealand,
United Arab Emirates, and China.[54][55]

After more than ten years in South Africa, Masiyiwa moved to London; however,
he still retains significant business interests in South Africa.

Econet Global (Econet)

Econet Global (Econet) is a privately held international technology group with
business operations and investments in more than 20 countries in Africa, Latin
America, The United Kingdom, Europe, China, United Arab Emirates (UAE), and
New Zealand. Two listed entities are its Zimbabwean subsidiary, Econet
Wireless (1998) and Cassava Fintech (2018). The Zimbabwean business is
often mistaken as the holding company, because it is listed.

Strive Masiyiwa owns over 50% of publicly traded Econet Wireless

Zimbabwe.[56]

Masiyiwa also has interests in the United States of America (USA). He has
partnered with one of America's leading telecoms entrepreneurs, John Stanton,
in a venture called Trilogy International Partners, which built New Zealand's
third mobile network operator known as "2 Degrees". Masiyiwa's investment in
Seattle based Trilogy International, have also helped him secure interests as an
investor in Viva's Bolivia and Dominican Republic businesses. Masiyiwa also
has a controlling interest in a company based in Vermont USA, that
manufacturers nano fibre carbon products, called Seldon Technologies.

One of Masiyiwa's most successful ventures is the London-based privately held

Liquid Telecom Group (now Liquid Intelligent Technologies) Africa's largest
satellite and fibre optic business spanning over 14 countries.[57]

Other activities of Econet include enterprise networks, fintech and financial

services, and renewable energy.

Philanthropy and humanitarian initiatives

Masiyiwa is generally recognised as one of the most prolific philanthropists to

ever come out of Africa.[7][58] He has used his own family fortune to build one of
the largest support programs for educating orphans in Africa. At any given time
his family foundations support and educate more than 40,000 children.[6][7]
Masiyiwa is also a member of the Bill Gates and Warren Buffett initiative known
as the Giving Pledge.[59]

Masiyiwa is also involved in supporting a diverse range of health issues

including campaigns against HIV/AIDS, Cervical Cancer, malnutrition, EBOLA,
and more recently, COVID-19. He is an avid environmentalist and together with
Sir Richard Branson founded the environmental group, the Carbon War
Room.[60]
He [61] took over from former UN Secretary General Kofi Annan, the
chairmanship of AGRA, an organisation that supports Africa's smallholder
farmers.[61] In 2019 he stepped down from AGRA and now serves as Chairman
Emeritus. In 2013, he was appointed co-chair of Grow Africa, the investment
forum for Africa's agriculture, which has helped mobilise over US$15 billion in
investments for African agriculture.[62]

Upon the cholera outbreak which happened in Zimbabwe in 2019, Strive

Masiyiwa together with his wife donated a total of US$10m to fight against the
disease. Moreover, he pledged US$60m to be used to build resilience against
the disease.[63]

In May 2020, he was appointed by South African President and African Union
Chair Cyril Ramaphosa to serve as a Special Envoy to the African Union for
COVID response.

Together with his wife, they pledged $100m to establish a fund to invest in rural
entrepreneurs in his home country.[64] The two also started a non-profit
organisation, Higherlife Foundation, which empowers disadvantaged children
through education and creating opportunities for highly talented young people.
Through one of the largest scholarship programmes in Africa, the Foundation
pays the school fees for 30,000 students annually in Zimbabwe, Lesotho and
Burundi who they call their "history makers"[64]

In January 2020 he paid for Zimbabwe's doctors to return to work after they
struck to get paid.[65] Masiyiwa will pay each doctor a subsistence allowance of
about $300 (£230) and provide them with transport to work, through a fund he
set up. Most of the doctors on strike were earning less than $100 a month.

Strive Masiyiwa is very supportive of entrepreneurs and start-ups in general and

he is known to promote franchisees through his business interests which has
created employment for many and uplifted livelihoods.
https://www.econetafrica.com/strive-masiyiwa-blog/index.php/update-on-
franchising/ .

Personal life

He is married to Tsitsi, they have six children, and live in London, England.[1]
Masiyiwa owns two adjacent apartments atop the 29-storey Eldorado Tower at
300 Central Park in New York City, bought for US$24.5 million in 2016.[66]
In 2021, Masiyiwa became the first black billionaire to enter the Sunday Times
Rich List with a net worth of £1.087 billion.[67]

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1. "Kofi Annan Steps Down as Chair of AGRA" (http://kofiannanfoundation.org/newsroom/pre

ss/2013/12/kofi-annan-steps-down-chair-agra-reaffirms-commitment-to-food-and-nutriti
on) . Africa: Kofi Annan Foundation. Retrieved 16 December 2013.

2. "AGRA in 2013" (https://agra.org/wp-content/uploads/2016/04/agra-annual-report-2013.

pdf) (PDF). AGRA. 2013. Retrieved 12 April 2017.

3. "Press Release: Tsitsi And Strive Masiyiwa Donate A Further $60 Million To Eradicate
Cholera" (https://www.techzim.co.zw/2019/02/press-release-tsitsi-and-strive-masiyiwa-do
nate-a-further-60-million-to-eradicate-cholera/) . TZ. 10 February 2019.

4. Nsehe, Mfonobong (8 February 2019). "Zimbabwe's Richest Man Strive Masiyiwa

Establishes $100 Million Fund To Support Rural Entrepreneurs" (https://www.forbes.com/si
tes/mfonobongnsehe/2019/02/08/zimbabwes-richest-man-strive-masiyiwa-establishes-10
0-million-fund-to-support-rural-entrepreneurs/) . Forbes.

5. "Africa Live: Naomi Campbell hits runway at Nigerian designer debut" (https://www.bbc.co.
uk/news/live/world-africa-47639452) . BBC News.
 . Ojekunle, Aderemi (1 April 2019). "A peek into the life and business empire of Strive
Masiyiwa, Zimbabwe's first billionaire" (https://www.pulse.ng/bi/lifestyle/a-peek-into-the-lif
e-and-business-empire-of-strive-masiyiwa-zimbabwes-first/xzqf9km) . Pulse Nigeria.
Retrieved 14 October 2019.

7. Watts, Robert. "Strive Masiyiwa: the first black billionaire to make the Rich List. This is his
story" (https://www.thetimes.co.uk/article/first-black-billionaire-rich-list-2021-v8kj6z73z) .
ISSN 0140-0460 (https://www.worldcat.org/issn/0140-0460) . Retrieved 23 August 2021.

External links

Masiyiwa profile page (https://www.econetafrica.com/strive-masiyiwa)

Retrieved from
"https://en.wikipedia.org/w/index.php?
title=Strive_Masiyiwa&oldid=1040227108"

Last edited 3 days ago by ScepticalChymist

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