Zimbabwean telecommunications billionaire and founder of Econet Wireless Zimbabwe Ltd., 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, chief executive officer at Econet told reporters in the capital, Harare 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.
Since listing, Econet’s subscribers have risen to 13.2 million from 32,000 and the company is valued at $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 emailed statement.
Masiyiwa, whose telecommunications company operates in Africa
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