Strive Masiyiwa
1961–



Founder and chief executive officer, Econet Wireless Holdings

Nationality: Zimbabwean.

Born: 1961, in Zimbabwe.

Education: University of Wales, BS, 1983.

Family: Married Tsitsi (maiden name unknown; director, Econet charitable trust); children: four.

Career: Zimbabwe Posts and Telecommunications Corporation, 1984–1988, senior engineer, then principal engineer; Retrofit Engineering, 1988–1994, founder and CEO; Econet Wireless Holdings, 1994–, founder and CEO; Associated Newspapers of Zimbabwe, 2000–, chairman.

Awards: Businessman of the Year, Republic of Zimbabwe, 1990; Manager and Entrepreneur of the Year, Republic of Zimbabwe, 1998; Ten Most Outstanding Young Persons of the World, Junior Chamber International (JCI), 1999; Global Influentials, Time , 2002.

Address: Econet Wireless International, 107 Johan Avenue, P.O. Box 785743, Sandton 2146 South Africa; http://www.econetwireless.com.

■ Strive Masiyiwa was the maverick founder, chairman, and CEO of Econet Wireless Holdings, a diversified international telecommunications group based in South Africa with operations on three continents. A devout Christian noted for his determination and social conscience, Masiyiwa was called a hero for helping millions of Africans gain access to the modern world through affordable cellular telephones.

EDUCATION AND EARLY CAREER

Strive Masiyiwa was born in 1961 in Zimbabwe, which was then called Rhodesia. When he was seven, his family fled the country as Ian Smith's embattled government began to crumble. The family settled in Kitwe, a city in north central Zambia known for its copper mines. Masiyiwa's mother was an entrepreneur

Strive Masiyiwa. AP/Wide World Photos.
Strive Masiyiwa.
AP/Wide World Photos
.

preneur with interests in retail sales, small-scale farming, and transportation. His father worked at first in one of the nearby mines but later joined the family business. By the time Masiyiwa was 12 years old, his parents could afford to provide him with a coveted European education. They sent him to private school in Edinburgh, Scotland. When he graduated in 1978, he traveled back to Zimbabwe, intending to join the anti-government guerilla forces there. "One of the senior officers told me 'Look, we're about to win anyway, and what we really need is people like you to help rebuild the country'" ( Time , December 2, 2002). Masiyiwa took the man's advice and returned to school in Britain, earning a degree in electrical and electronic engineering from the University of Wales in 1983. He worked briefly in the computer industry in Cambridge, England, but soon returned to Zimbabwe in 1984, hoping to aid the country's recovery after the war of independence it had won in 1980.

Masiyiwa joined the Zimbabwe Posts and Telecommunications Corporation (ZPTC), the state-owned telephone company, as a senior engineer. ZPTC quickly promoted him to the position of principal engineer. Masiyiwa became frustrated with the government bureaucracy, however, and left ZPTC in 1988 to start an electrical contracting firm named Retrofit Engineering. He was chosen as Zimbabwe's youngest-ever Businessman of the Year in 1990.

THE START OF ECONET

Masiyiwa recognized the great potential for wireless telephones in sub-Saharan Africa because the region had only two fixed-line telephones for every hundred people in the 1990s. He saw that wireless networks would be quicker and less expensive to build than land-based networks that required stringing miles of telephone lines across rough terrain. Wireless telephone service would also be less vulnerable than traditional landlines to the theft of copper wire for resale. Masiyiwa first approached ZPTC about forming a mobile telephone network in Zimbabwe. The company wasn't interested, however, saying that cell phones had no future in the country.

Masiyiwa then decided to create a cell phone network on his own. He sold Retrofit Engineering in 1994 and started to finance Econet Wireless through his family company, TS Masiyiwa Holdings (TSMH). He met with fierce opposition, first from ZPTC, which told him it held a monopoly in telecommunications, and second from the Zimbabwean government, which swamped him with red tape and demands for bribes. As a devout Christian, Masiyiwa was opposed to paying bribes and kickbacks to government officials. He decided to pursue his case through the courts. After a landmark four-year legal battle that went all the way to the nation's Supreme Court, Econet finally won a license to provide cell phone service in Zimbabwe. The court declared that the government monopoly on telecommunications had violated the constitution's guarantee of free speech. Econet's first cell phone subscriber was connected to the new network in 1998.

While Masiyiwa waited to gain the government's approval for operations in Zimbabwe, he was able to start a cell phone network in neighboring Botswana. Econet Wireless Holdings then established a presence in over 15 countries, including other African nations, New Zealand, and the United Kingdom. The company also diversified into satellite communications, fixed-line telephone services, and Internet service.

Masiyiwa decided to relocate his family and the Econet headquarters to the Republic of South Africa in 2000. Some observers suggested that he was going into exile from his homeland once again. Masiyiwa himself said simply that South Africa was the best place from which to launch a multinational corporation because it had the continent's most vibrant economy.

ONGOING STRUGGLES

Masiyiwa further antagonized the Zimbabwe government when TSMH bailed out the financially strapped opposition newspaper, the Daily News . Masiyiwa eventually became a major shareholder in the newspaper's parent company, Associated Newspapers of Zimbabwe, as well as the company's chairman. The government responded by shutting down the newspaper in the fall of 2003. The paper continued to publish sporadically, though, through early 2004, and maintained an online version from South Africa. Masiyiwa sued for permission to restart the presses in Zimbabwe. The Zimbabwean government countered by starting criminal proceedings against four Daily News directors in June 2004 on charges of illegally publishing the paper without a license. Government officials also threatened to revoke Econet's license to operate in Zimbabwe at that time.

The board of directors of Econet Wireless Nigeria (EWN), a company in which Masiyiwa held a stake, ousted him in 2003 when he failed to acquire necessary financing. A critic told South Africa's Financial Mail that Masiyiwa "'talks up a storm' but often falls short on his promises to raise capital" (December 5, 2003). The board turned instead to Vodacom, a large South African telecommunications firm, which agreed to provide capital in return for management rights. According to the New York Times , however, Masiyiwa vowed to regain control of EWN. He said, "We've taken on Goliaths before" (January 15, 2004).

"Strive is driven by focus, determination and passion," Norman Nyazema told the Financial Mail . "Failure is not an option, no matter how many obstacles are thrown in his way" (December 5, 2003). Nyazema, who was a professor of pharmacology at South Africa's University of the North and chairman of Econet Wireless Zimbabwe (EWZ), had gone to school with Masiyiwa.

In the early months of 2004 Econet signed a 50/50 joint-venture agreement with Allied Technology (Altech), a South African information technology company. With Altech's capital and Econet's experience in telecommunications, the new company—dubbed Newco—announced its intention to pursue an aggressive expansion strategy in the developing countries of Africa and Asia.

Masiyiwa became a role model for other young African entrepreneurs through his vision and persistence. He won numerous national and international honors, including a place on Time magazine's list of the world's most promising young executives in 2002. Masiyiwa attributed his success in part to the ethical integrity he developed through the devotional practice of reading the Bible for an hour every morning. He served on the boards of such international development agencies as the Southern African Enterprise Development Fund and the Rockefeller Foundation. He and his wife Tsitsi also founded and funded a charitable trust that had provided scholarships for more than five thousand AIDS orphans as of 2003.

See also entry on Newco, Inc. in International Directory of Company Histories .

sources for further information

Bidoli, Marina, "A Tough Nut," Financial Mail (South Africa), December 5, 2003, p. 22.

Itano, Nicole, "The Maverick Behind a Telecom Deal," New York Times , January 15, 2004.

"Judgment Day," The Economist (U.S.), October 10, 1998, p. 76.

Katzenellenbogen, Jonathan, "Slapping Lions from Mugabe to Vodacom," Business Day (South Africa), November 17, 2003, http://www.bday.co.za/bday/content/direct/1,3523,1484436-6099-0,00.html .

Njanji, Susan, "Zimbabwean Media Bosses in Court Once More," Independent Online (South Africa), http://www.iol.co.za/index.php?click_id=84_id=qw1086799501847Z511_id=1 , June 9, 2004.

Robinson, Simon, "Strive Masiyiwa: Founder of Econet Wireless," Time , December 2, 2002, p. 69.

—Kris Swank

User Contributions:

1
Yvette Ogiste
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Feb 7, 2006 @ 3:03 am
Just for your info Tsitsi Masiyiwa's maiden name is Maramba
2
Shingai Makomichi
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Jun 14, 2007 @ 9:09 am
Im greatly inspired by this article. i believe that they is more to come ahead of your life and that God will continue to fight and conquer for you. You are a great man of God, a great leader, my mentor and source of Inspiration.
Shingai.
3
SHINGAYI ZINYEMBA
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Jul 26, 2007 @ 10:10 am
L AM VERY HAPPY WIHT THE PROGRESS THAT IS HAPPENING AT ECONET
4
Sandra Mutyora
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Aug 2, 2007 @ 4:04 am
I am currently working on a project and I read your profile as a source of inspiration. May the good lord continue to use you Strive. You make us proud as Zimbabweans and your life is living testimony that "With God all things are possible".

Sandra Mutyora
5
tineyi madungwe
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Nov 2, 2007 @ 2:02 am
Masiyiwa is an execptional businessman ,a visionary,a goal geter,a team player.mr masiyiwa i have great respect for you,to me you are a beconing symbol of success,you have proved that it is possible for an african man to create such enomourse wealth.i strongly believe that you and me share common traits i wld one day want to be like you or even better.mr masiyiwa its people like you that we need to develop africa.keep on the good work strive.lets help develop entreprenueship in africa ,lets cultivate a seed of success,lets generate wealth for our continent,lets create jobs for our people.lets prove to the world that we as africans can do it.
6
T.Ngarande
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Dec 27, 2009 @ 8:08 am
Mr Masiwa is indeed an inspiration and a pride to us all. Though his influence is been felt through Econet, we long the day we can celebrate his visit back home. Thank u for the inspiration. God bless.
7
Simbarashe Boriwondo
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Jan 27, 2010 @ 5:05 am
l admire your passion for success and the feeling that you have for the needy. Keep on the good work of God. You inspire me.
8
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Jul 24, 2010 @ 4:16 pm
Reading your testimony has invigorated me more to trust and continue serving my God
9
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Nov 22, 2010 @ 6:06 am
Strive is indeed an inspiration both in business and also as a Christian. I just saw him a few days ago during a conference in Nigeria popularly called IPPC organized by my Church Christ Embassy and I tell you, he inspired me to do a lot of exploits both in business and in the body of Christ. I love him and would like to be like him. I am a young man with strong interest in business and I would cherish your advice and support at all levels. God Bless you Brother
10
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Nov 25, 2010 @ 5:05 am
I have not only read your life story, but listend to you speak.I am inspired. May the good Lord continue blessing you.
11
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May 10, 2011 @ 6:18 pm
Inspirational...Strive is a man in a million. Am greatly inspired by him and is my role model. Am happy to know he derives his strength frm the infinite source. But why cant he again challenge the old order so as to set a warpath to zimbabwes economic recovery like wat mutumwa mawere is now doing,i know he has the capability. Stay strong Strive,i know some day you will make us cross over the ocean and be free again,with no more pharaohs or any of his people
12
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Sep 5, 2011 @ 12:12 pm
i believe that God sent Strive for us young africans to see how the unwrapped cappabilities that we have to rightfully own & inherit the blessings that God gave us.Mr Masiwa you are an inspiration to us all keep on ministering the word. God bless
13
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Sep 26, 2011 @ 3:03 am
You are an inspiration in my life and may God continue to bless you. i will definitely follow your foot steps.
14
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Dec 19, 2011 @ 11:11 am
Mr Strive is not only a successful business man, but also filled with the Holy Ghost.
15
princejude
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Nov 24, 2012 @ 2:02 am
Woah waoh waoh.. What more can I say. Brother Stirve you are such an inspiration to me, the body of Christ and the World at large. This is just the morning of your life. You have just begun and there's much more glory coming your way. The Word has gone ahead of you during the IPPC 2012 and it's working in your life even now. The victory is always yours because you have your competitive adavantage (the HolyGhost)with you always. God bless you!
16
Hardship
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Aug 4, 2013 @ 10:10 am
Mr strive this is such an inspiration to all africans,i think if we have 3 people lyke you africa will do away with all this poverty,and its economy growth deficiency.Keep up the good work and i pray Jehovah will keep on blessing you.entreprenuership baba we thank you thats the spirit
17
Listin
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Aug 11, 2013 @ 3:15 pm
I grew up having bigger dreams and one of them was to see Strive Masiyiwa. I did everything to see him, all i wanted was just to see him even from afar. After all the efforts i gave up and my passion just disappeared. Today i was sitting in a church service only to discover that he was the person sitting in front of me. He is my source of inspiration. He is real a giver
18
Michael Shapiro
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Aug 16, 2013 @ 12:12 pm
Great article, I wish the writer could update it, cause he did go after the nigerians and won. It took some years too but he won. Great man of God and many more are coming. I am inspired
19
Osman Rusere
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Sep 26, 2013 @ 5:05 am
if indigenisation exist then his was typical,the government have a model of what indgenisation is and all they need to do is to pick it from where this man left.
20
Ruvimbo Mujere
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Feb 12, 2014 @ 1:01 am
To the young generation this is a very inspirational story
21
Vincent Ndebele
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Jan 17, 2018 @ 11:11 am
This man inspires me a lot.Only if I get a chance to talk to him and tell him about me.

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