Founder and majority shareholder of Econet Wireless Zimbabwe Limited (Econet ZW), Strive Masiyiwa has retired from the company board.

The board retirement is with effect from February 1, 2022.

Econet Wireless Zimbabwe announced the development in a statement on Wednesday

“The Board of Directors of Econet Wireless Zimbabwe Limited would like to announce that Mr Strive Masiyiwa has retired from the Board with effect from 1 February 2022,” the group said in a statement on the Zimbabwe Stock Exchange (ZSE).

“The board and management take this opportunity to express their appreciation to Mr Masiyiwa for his entrepreneurial leadership and his unwavering commitment to the company and for his philanthropy that has changed the lives of so many in Zimbabwe and across Africa.”

Masiyiwa is the founder of Econet Wireless Zimbabwe Limited and the Econet Group and has been on the Board of Econet Wireless Zimbabwe Limited since inception of the Company in 1993 and its subsequent listing in 1998.