Zimbabwean billionaire Strive Masiyiwa’s ADC to build its first data center in Rwanda
ADC is an affiliate of Cassava Technologies.
ADC is an affiliate of Cassava Technologies.
Liquid C2 is a subsidiary of Liquid Intelligent Technologies.
Liquid Intelligent Technologies is a subsidiary of Cassava Technologies, a pan-African technology firm founded by Strive Masiyiwa.
Masiyiwa is Zimbabwe’s wealthiest man.
Masiyiwa’s fortune is made up of his 52.85-percent stake in Econet Zimbabwe and 30-percent stake in EcoCash Holding.
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.
The billionaire has surpassed South African mining tycoon Patrice Motsepe as the richest Black man in Southern Africa.
Meikles is a well-diversified conglomerate with holdings in hotels, retail, supermarkets, agriculture and financial services.