Masiyiwa loses $600 million but pushes ahead with Africa’s first AI factory
His net worth has fallen to $1.2 billion, down from $1.8 billion in January, part of a steady slide since 2022, when his fortune peaked at $3 billion.
Zimbabwe
Zimbabwe’s richest man Strive Masiyiwa’s AI factory to cost $720 million
The facility, which is set to launch in South Africa by June 2025, will provide businesses, governments, and researchers with world-class AI computing capabilities.
Zimbabwe’s top 10 tech moguls
These are the leaders defining the country’s digital future.
Zimbabwe’s richest man urges local venture funding, pushes for high school entrepreneurship
Strive Masiyiwa believes a stronger local investment ecosystem would create a more sustainable future for entrepreneurs across the continent.
Zimbabwe’s 10 richest men in 2025
Their influence extends across industries that define the country’s financial pulse: telecommunications, real estate, mining, energy, retail, and finance.
Zimbabwe's Innscor commits $3.9 million to CSR projects in 2024
Innscor Africa’s $3.9 million CSR drives education, healthcare, and community growth, impacting thousands across Zimbabwe in 2024.
Mangwana Capital aids Invictus Energy in $10 million raise for Zimbabwe's energy shift
This investment solidifies Mangwana Capital’s pivotal role in advancing Zimbabwe's energy sector and supports Invictus Energy's growth plans.
Tongaat Hulett to sell Zimbabwe operations in $330-million deal amid currency woes
The deal will be executed via a debt-to-asset swap, a component of Tongaat's ongoing restructuring process.
Simbisa Brands to add 31 stores, exceeding 750 by fiscal year-end 2025
Simbisa Brands plans 31 new outlets and refurbishes 44 stores in 2025 to expand market share and enhance customer experience.
Choppies enters talks to exit Zimbabwe operations
The potential deal seeks to streamline Choppies' operations and focus on profitable markets amid Zimbabwe's challenging retail sector.
Simbisa Brands boosts Kenyan workforce with 402 new jobs
Fast-food operator opens 15 new outlets; shifts focus to chicken and pizza
Grid Africa and Huawei collaborate on 72 MW solar plant for Zimbabwean mines
This collaboration aims to mitigate crippling energy shortages that have caused an estimated $500 million loss in mining revenues due to frequent power outages.
Grid Africa secures $2.8 million to boost solar projects in South Africa
The move aims to boost renewable energy projects in South Africa, as the country grapples with an increasingly strained power sector.
Strive Masiyiwa, Zimbabwe's richest man, honored with Harvard's top award in African and African American studies
In recent years, Masiyiwa, along with his wife, Tsitsi, has focused on public health challenges, taking a leading role in combating HIV/AIDS, Ebola, malnutrition, and COVID-19.
Zimbabwean tycoon Zed Koudounaris’ Innscor posts $48.2-million profit in 2024
Innscor Africa reports robust 2024 financial performance driven by robust performances across its primary business lines.
Pan-African billionaire Benedict Peters’ Bravura to begin Zimbabwe lithium production in 2025
Bravura, owned by pan-African billionaire Benedict Peters, has announced plans to start production at a Zimbabwean lithium project early next year.