
Zimbabwean billionaire Strive Masiyiwa’s Liquid acquires Israeli tech firm, Telrad
Liquid’s cloud solutions have expanded rapidly under Masiyiwa’s leadership.
Liquid’s cloud solutions have expanded rapidly under Masiyiwa’s leadership.
C5 Capital, a specialist venture capital firm, will provide the financing.
Zimbabwe’s richest man and one of Africa’s wealthiest men, Masiyiwa has seen his net worth fall to $1.5 billion.
He stated in a Facebook post that the reports are a fabrication.
The slump in his net worth can be attributed to a plunge in the shares of his publicly traded companies.
The news comes a week after ADC announced the construction of a 30-megawatt data center facility in Accra, Ghana.
ADC is an affiliate of Cassava Technologies.
EcoCash Holdings is now the fourth most valuable stock on the Zimbabwe Stock Exchange.
Masiyiwa owns a 52.85-percent stake of Econet Zimbabwe.
Motsepe’s net worth has risen to $3.1 billion so far this year.
The billionaire has surpassed South African mining tycoon Patrice Motsepe as the richest Black man in Southern Africa.
The billionaire owns a majority 52.85-percent stake in Econet, Zimbabwe’s largest telecom services provider.
Elizabeth Tanya Masiyiwa, an entrepreneur and philanthropist, is one of Zimbabwean billionaire Strive Masiyiwa’s six children.
Liquid Intelligent Technologies is a pan-African technology group.
The funds will go to Butterfly Network, a digital health startup that aims to democratize medical imaging.
Masiyiwa, who founded the leading telecom services provider in 1998, has exited his position on the board.