Close Menu
TechCentralTechCentral

    Subscribe to the newsletter

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    Facebook X (Twitter) YouTube LinkedIn
    WhatsApp Facebook X (Twitter) LinkedIn YouTube
    TechCentralTechCentral
    • News

      TCS | Reserve Bank fintech head Lyle Horsley on the G20 TechSprint

      22 May 2025

      Sam Altman and Jony Ive’s big bet to out-Apple Apple

      22 May 2025

      Former MTN bosses approach SA’s top court in Turkcell case

      22 May 2025

      iPhone designer Jony Ive to build AI devices with OpenAI

      22 May 2025

      Bitcoin smashes R2-million mark in record-breaking rally

      22 May 2025
    • World

      First AI-generated drugs could go on sale by 2030

      22 May 2025

      Google, Volvo deepen partnership on car software

      21 May 2025

      Microsoft pushes for industry standards in AI agent collaboration

      19 May 2025

      Microsoft to lay off 3% of workforce in organisation-wide cuts

      14 May 2025

      AI-voiced audiobooks are coming to Audible

      13 May 2025
    • In-depth

      South Africa unveils big state digital reform programme

      12 May 2025

      Is this the end of Google Search as we know it?

      12 May 2025

      Social media’s Big Tobacco moment is coming

      13 April 2025

      This is Europe’s shot to emerge from Silicon Valley’s shadow

      10 April 2025

      Microsoft turns 50

      4 April 2025
    • TCS

      TCS+ | Schneider Electric’s Clive Roberts on driving digitisation in the CPG sector

      22 May 2025

      TCS | Dalene Steyn on Capitec’s ambitious mobile gameplan

      21 May 2025

      Meet the CIO | Schalk Visser on Cell C’s big tech pivot

      13 May 2025

      TCS | Kiaan Pillay on fintech start-up Stitch and its R1-billion funding round

      7 May 2025

      TCS+ | Switchcom and Huawei eKit: networking made easy for SMEs

      6 May 2025
    • Opinion

      Solar panic? The truth about SSEG, fines and municipal rules

      14 April 2025

      Data protection must be crypto industry’s top priority

      9 April 2025

      ICT distributors must embrace innovation or risk irrelevance

      9 April 2025

      South Africa unprepared for deepfake chaos

      3 April 2025

      Google: South African media plan threatens investment

      3 April 2025
    • Company Hubs
      • Africa Data Centres
      • AfriGIS
      • Altron Digital Business
      • Altron Document Solutions
      • Arctic Wolf
      • AvertITD
      • Braintree
      • CallMiner
      • CYBER1 Solutions
      • Digicloud Africa
      • Digimune
      • Domains.co.za
      • ESET
      • Euphoria Telecom
      • Incredible Business
      • iONLINE
      • Iris Network Systems
      • LSD Open
      • NEC XON
      • Network Platforms
      • Next DLP
      • Ovations
      • Paracon
      • Paratus
      • Q-KON
      • SkyWire
      • Solid8 Technologies
      • Tenable
      • Vertiv
      • Videri Digital
      • Wipro
      • Workday
    • Sections
      • AI and machine learning
      • Banking
      • Broadcasting and Media
      • Cloud services
      • Contact centres and CX
      • Cryptocurrencies
      • Education and skills
      • Electronics and hardware
      • Energy and sustainability
      • Enterprise software
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Lifestyle
      • Motoring
      • Public sector
      • Retail and e-commerce
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Events
    • Advertise
    TechCentralTechCentral
    Home » News » Strive Masiyiwa retires from Econet Wireless

    Strive Masiyiwa retires from Econet Wireless

    By Agency Staff25 February 2022
    Twitter LinkedIn Facebook WhatsApp Email Telegram Copy Link
    News Alerts
    WhatsApp
    Strive Masiyiwa

    Zimbabwean telecommunications billionaire and founder of Econet Wireless Zimbabwe Strive Masiyiwa has retired from the company he started almost three decades ago to pursue new opportunities.

    The “vision caster” has moved on, Douglas Mboweni, CEO at Econet, told reporters in the capital, Harare, on Friday. “He has stepped up and there are more portfolios he has to attend.”

    Masiyiwa, 61, who has been on Econet’s board since establishing the company in 1993 will retain his more than 50% stake in the company that he listed on the Zimbabwe Stock Exchange in 1998.

    Masiyiwa currently sits on the Netflix and the Bill and Melinda Gates Foundation boards

    Since listing, Econet’s subscribers have risen to 13.2 million from 32 000 and the company is valued at US$1.1-billion.

    “It is through his leadership, dedication and perseverance that the company has grown to become one of Zimbabwe’s largest and most successful businesses,” the company said in an e-mailed statement.

    Masiyiwa, whose telecoms company operates in Africa and Europe, has had his run-ins with Zimbabwe’s government, which he has seen as pursuing policies detrimental to his wireless business.

    In 2020, authorities accused Econet, which dominates the mobile money transactions industry, of fuelling black-market currency trading and money laundering, accusations the company denies. Prior to that the company was in a four-year long legal battle with the government before obtaining an operating license in 1997.

    Masiyiwa currently sits on the Netflix and the Bill and Melinda Gates Foundation boards. He is also the African Union’s special envoy on Covid-19 and oversees the AU’s Covid Task Force that secures coronavirus vaccines for the continent.  — Ray Ndlovu and Godfrey Marawanyika, (c) 2022 Bloomberg LP



    Econet Econet Wireless Strive Masiyiwa
    Subscribe to TechCentral Subscribe to TechCentral
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email Copy Link
    Previous ArticleStablecoins soar in value as everything else in crypto shrinks
    Next Article Moscow battles big tech to try to control Ukraine narrative

    Related Posts

    Cassava’s African ‘AI factory’ to cost up to $720-million

    8 April 2025

    Cassava Technologies to build ‘AI factory’ to serve Africa

    25 March 2025

    Sweeping management changes at Liquid parent Cassava Technologies

    17 February 2025
    Company News

    Top tech leaders back SAPHILA 2025

    22 May 2025

    What SA’s financial institutions must know about the new IT governance law

    22 May 2025

    The end of Windows 10 support is nigh – what you need to know

    22 May 2025
    Opinion

    Solar panic? The truth about SSEG, fines and municipal rules

    14 April 2025

    Data protection must be crypto industry’s top priority

    9 April 2025

    ICT distributors must embrace innovation or risk irrelevance

    9 April 2025

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2025 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.