Billionaire Africa has made a list of seven businesses owned by one of the top players in Africa’s mobile telecom industry, Strive Masiyiwa.
Here are seven firms under his direct or indirect ownership:
Masiyiwa owns Econet which operates as a diversified telecommunications conglomerate with operations and investments in Africa, Europe, South America and the East Asia Pacific Rim, offering products and services in the core areas of mobile and fixed telephony services, broadband, satellite, optical fiber networks and mobile payment.
It operates in 23 African markets through two strategic business units which cover mobile telephony through Econet Wireless, digital technology and platforms, Cassava Technologies and its corporate social enterprises Delta Philanthropies and Higherlife Foundation.
2.Econet Wireless Group
Econet Wireless Group, a subsidiary of Econet Global, takes the lead. With a strong presence in Botswana, Burundi, Lesotho, South Africa, and Zimbabwe, it’s a driving force in mobile and fixed wireless telephony, public payphones, internet access, and payment solutions. As a privately held Mobile Network Operator (MNO), Econet Wireless Group epitomizes connectivity and convenience across the continent.
3.Econet Wireless Zimbabwe
Strive Masiyiwa’s influence shines through a significant 52.85-percent stake in Econet Wireless Zimbabwe Limited. As the country’s premier telecommunications provider, it boasts an impressive customer base exceeding 16 million.
EcoCash Holdings, formerly known as Cassava Smartech, spearheads smart technology advancement under Masiyiwa’s watchful eye. With a mission to foster shared economies, financial inclusion, and economic empowerment, the company makes strides through its digital and financial technologies. Masiyiwa’s ownership of 30.26 percent, via Econet Global Limited, underscores its transformative potential in Africa and beyond.
Cassava Technologies redefines connectivity as the bedrock of Africa’s premier open-access cross-border fiber broadband network. Extending more than 110,000 kilometers, this network supports digital solutions in healthcare, education, insurance, e-commerce, finance, and social payments. Masiyiwa’s vision drives this interconnected data revolution, impacting over 15 African countries.
6.Liquid Intelligent Technologies
Encompassed within the Cassava Technologies umbrella, Liquid Intelligent Technologies emerges as a holistic technology solutions provider. This entity customizes digital solutions by catering to public and private sector enterprises and SMEs across Africa. It also pioneers cloud and cyber security innovations through strategic global collaborations.
7.Africa Data Centers
Africa Data Centers is the continent’s largest network of carrier- and cloud-neutral data center facilities. Fueled by international expertise, the organization facilitates rapid and secure data services, cementing its role as a trusted partner for business-critical operations across Africa. Proudly African, Africa Data Centers embodies the heartbeat of businesses’ digital aspirations.