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Strive Masiyiwa’s next challenge
Respected by world leaders ... Strive Masiyiwa (right) with Bill Clinton and his
daughter
NEW ZIMBABWE 19-08-2014
SPEAKING at a microfinance symposium in Turin, Italy, recently, Econet Wireless founder
Strive Masiyiwa recalled the ruling by the judge who gave him a licence in 1998 saying that
“70 percent of people in the country had never heard a telephone ring”
The licence was granted after a costly five-year legal battle against the government.
According to the UK-based Guardian newspaper Masiyiwa told the Turin gathering that
“today, 75 percent of people [in Zimbabwe] have a cell phone; and | want 75 percent of the
people in Africa to have a bank account ... on a mobile phone.” Not only that, Econet
Wireless has since grown into a diversified technology and financial services group with
operations in 17 countries including Botswana, Lesotho, Kenya, Nigeria, South Africa and
New Zealand.
Another problem, and opportunity, arose when the government ditched the Zimbabwe dollar
in 2009 for more stable foreign currencies. The transacting public, having struggled with
huge amounts of worthless cash in the hyperinflation years, welcomed the decision. But with
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Document Details
| Filename | HOUSE_OVERSIGHT_032159.jpg |
| File Size | 0.0 KB |
| OCR Confidence | 85.0% |
| Has Readable Text | Yes |
| Text Length | 1,236 characters |
| Indexed | 2026-02-04T17:12:02.874562 |