Strive Masiyiwa – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Mon, 26 May 2025 12:42:28 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png Strive Masiyiwa – Tech | Business | Economy https://techeconomy.ng 32 32 AI: Fostering a Healthy Organizational Culture for a Safer Tomorrow https://techeconomy.ng/ai-fostering-a-healthy-organizational-culture-for-a-safer-tomorrow/ https://techeconomy.ng/ai-fostering-a-healthy-organizational-culture-for-a-safer-tomorrow/#respond Mon, 26 May 2025 11:01:47 +0000 https://techeconomy.ng/?p=159466 Integrating artificial intelligence (AI) with cybersecurity is crucial for the Global South, especially Africa.

This integration faces challenges like cybersecurity threats, skill gaps, and limited resources. Strategic thinking and innovative solutions are necessary to address these issues and harness AI’s potential for sustainable economic development.

Envision a future where Africa embraces innovation, ensuring security and progress. By combining AI with strong cybersecurity measures, we can pave the way for a secure and prosperous continent. Join us in cultivating this promising future for Africa!

Dr. Christian Poensgen’s insightful infographic on 11 phrases leaders use in a healthy workplace culture highlights the importance of communication and support in fostering a positive work environment.

By employing phrases such as “What’s one takeaway from this experience?” and “I trust your judgment,” leaders can encourage reflection, autonomy, and confidence among team members.

These affirmations not only promote growth and self-awareness but also create a sense of ownership and teamwork within the organisation.

Furthermore, phrases like “You’ve got this; I’m here if you need me” and “Let’s take a moment to celebrate the wins” strike a balance between empowerment and support, reinforcing progress and boosting morale.

By acknowledging and appreciating their team members’ abilities and hard work, leaders can foster a sense of value and appreciation, leading to increased motivation and dedication.

Additionally, phrases such as “Who do you need to be to meet these challenges?” and “Is anything standing in your way?” demonstrate a commitment to overcoming obstacles and finding solutions together, promoting a collaborative and proactive approach to problem-solving.

A healthy organisational culture is built on trust, communication, and support. Leaders can empower their team members and foster growth and development by incorporating these 11 powerful phrases into their leadership style.

This approach creates a positive and productive work environment where everyone feels valued and supported. Let’s embrace these phrases and lead with assertiveness and positivity to cultivate a culture of success and well-being within our organisations.

In today’s rapidly evolving digital age, effective leadership in digital entrepreneurship, professionalism, and academic pursuits requires a strong focus on nurturing a healthy and supportive team culture.

By implementing the 11 powerful phrases suggested by Dr Christian Poensgen, leaders can successfully navigate the digital leadership tripod and create an environment conducive to growth and success.

To begin, leaders can encourage reflection within their teams by regularly asking questions such as, “What’s one takeaway from this experience?”

This practice promotes continuous learning and self-improvement, crucial for staying competitive in the dynamic digital landscape. Building trust through statements like, “I trust your judgment,” empowers team members to make independent decisions, fostering a sense of autonomy and responsibility that is essential for entrepreneurial ventures.

Leaders can also delegate leadership by giving team members the opportunity to take the lead with phrases like, “You take the lead on this.”

This approach helps develop their leadership skills and instils a sense of ownership. Additionally, seeking diverse perspectives by asking, “What’s your perspective?” shows openness to different viewpoints, which is a hallmark of professionalism in today’s interconnected world.

Leaders can nurture a positive and productive team culture by balancing empowerment with support and affirming team members’ abilities. Recognizing achievements, promoting self-awareness, facilitating problem-solving, showing appreciation, and emphasizing teamwork all contribute to a thriving environment in the digital age.

In the realm of digital leadership, using impactful phrases can transform team dynamics and foster a culture of growth and success. Encouraging reflection by asking, “What’s one takeaway from this experience?” helps team members learn and grow.

Building trust is essential; saying “I trust your judgment” can strengthen relationships within the team. Additionally, delegating leadership by telling team members, “You take the lead on this,” empowers them and promotes collaboration.

Other essential practices include seeking diverse perspectives, balancing support with empowerment, affirming team members’ abilities, promoting self-awareness, celebrating victories, assisting with problem-solving, showing appreciation, and emphasizing teamwork.

These elements are crucial for creating a positive and productive team culture in digital entrepreneurship, professionalism, and academic endeavours.

By incorporating these phrases into everyday interactions, leaders can inspire their teams to achieve new heights of success and innovation in the digital age.

The digital age has fundamentally transformed entrepreneurship, professionalism, and academia, offering both opportunities and challenges.

In entrepreneurship, digital tools enable innovative business models, global market access, and streamlined operations.

Professionals today must adapt to new technologies while maintaining ethical standards and prioritising continuous learning to remain relevant.

Similarly, academia has evolved due to digital advancements, enhancing research capabilities, fostering collaboration, and providing greater access to educational resources.

Those who navigate these changes can promote personal and professional growth by understanding and leveraging these transformative shifts.

Effective digital leaders such as Satya Nadella, Jeff Bezos, Doug McMillon, Elon Musk, Tim Cook, and Sheryl Sandberg have demonstrated strong leadership qualities by leveraging digital technologies to drive innovation, growth, and industry disruption.

Their visionary approaches have significantly impacted their respective fields, showcasing the power of digital leadership in navigating the complexities of the digital age.

The digital age has also brought profound transformations to entrepreneurship, professionalism, and academia, creating a dynamic landscape filled with both opportunities and challenges.

In entrepreneurship, digital tools have revolutionized business models, expanded market reach, and streamlined operations.

Professionals in the digital era must embrace new technologies, uphold ethical standards, and engage in continuous learning to stay competitive.

Similarly, academia has experienced a digital renaissance, with enhanced research capabilities, collaborative platforms, and greater access to educational resources shaping the scholarly landscape.

By understanding and harnessing these digital transformations, individuals can foster personal and professional growth in today’s evolving digital environment.

Contemporary African digital leaders are playing a crucial role in shaping the digital landscape on the continent.

Innovators such as Rebecca Enonchong of AppsTech, Strive Masiyiwa of Econet Wireless, and Temie Giwa-Tubosun of LifeBank lead digital initiatives and drive technological advancements.

Their visionary leadership and commitment to leveraging digital technologies transform industries and create opportunities for economic growth and social development.

By demonstrating resilience, innovation, and strategic foresight, these leaders are paving the way for a brighter future and making significant contributions to the global digital narrative.

However, aligning AI and cybersecurity in the Global South, particularly in Africa, presents challenges such as cybersecurity threats, skills shortages, and resource constraints. Strategic planning, collaborative approaches, and a mindset geared toward innovation are essential to effectively address these issues.

Practical solutions to enhance the integration of AI and cybersecurity include investing in capacity building, establishing regulatory frameworks, conducting awareness campaigns, and forming incident response teams.

By implementing these solutions thoughtfully and cohesively, African countries can foster a positive team culture, drive economic development, and ensure sustainability through the responsible use of advanced technologies.

Adopting a comprehensive approach to AI and cybersecurity that emphasizes education, regulation, awareness, and preparedness can effectively protect against cyber threats while also promoting innovation and growth.

By collaborating and working together, Africa has the potential to harness these technologies to accelerate development, enhance resilience, and build a prosperous digital future that benefits both individuals and economies throughout the region.

In conclusion, aligning AI and cybersecurity in Africa presents significant opportunities for creating a secure and digitally resilient future.

By prioritizing capacity building, regulation, and collaboration, African nations can cultivate a positive environment that promotes economic growth.

Thoughtfully integrating AI with cybersecurity will empower individuals and strengthen economies, ensuring a brighter future for the region.

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GoGettaz Agripreneur Prize 2025: Young African Innovators to Compete for $160,000 in Funding https://techeconomy.ng/gogettaz-agripreneur-prize-2025/ https://techeconomy.ng/gogettaz-agripreneur-prize-2025/#respond Thu, 03 Apr 2025 16:38:17 +0000 https://techeconomy.ng/?p=156194 Africa’s young entrepreneurs in agribusiness have another shot at securing funding and global recognition as the 2025 GoGettaz Agripreneur Prize Competition opens applications. 

With a prize pool of $160,000, this initiative seeks the most promising agri-food innovators aged 18 to 35 who are driving food security, sustainability, and economic growth across the continent.

The competition, now in its seventh edition, offers funding, mentorship, networking, and exposure to help agripreneurs scale their ventures. 

Finalists will pitch their businesses live at the Africa Food Systems Forum (AFSF) in Dakar, Senegal, from 31 August to 5 September 2025.

Two grand prize winners—one male and one female entrepreneur—will each receive $50,000. An additional $60,000 in Impact Awards will go to businesses excelling in areas such as climate resilience, technology, gender equity, food security, and job creation.

Why This Matters

Africa is at a crossroads. With its high and continuously growing population, as well as food insecurity, young entrepreneurs are stepping up with innovative agribusiness solutions. 

However, lack of funding, mentorship, and infrastructure is still a huge challenge. The GoGettaz Prize aims to bridge this gap by investing in businesses that have the potential to boost the agricultural sector and create employment opportunities.

I am continually amazed by the ingenuity and determination of the young entrepreneurs we meet through the GoGettaz Agripreneur Prize Competition each year,” said Svein Tore Holsether, president and CEO of Yara International.

Their ability to leverage technology and innovative business models showcases the immense potential of the agrifood sector and the pivotal role of entrepreneurship in sustainable development.”

Who Can Apply?

To qualify, applicants must:
✔ Be between 18 and 35 years old at the time of submission.
✔ Be citizens of an African Union member country.
✔ Be founders or co-founders of a legally registered agribusiness in Africa.
✔ Ensure their business is registered by 10 June 2025.

The competition welcomes businesses from across the entire agrifood value chain—from farm innovations and agri-tech to food processing and distribution.

How to Apply

GoGettaz Agripreneur Prize 2025 is a launchpad for young agripreneurs to gain funding, connect with investors, and expand their businesses across Africa. Past winners have used the platform to attract more investment, build strategic partnerships, and create jobs.

Strive Masiyiwa, founder of Econet Group, commented: “They aren’t waiting around for the perfect conditions; they are seizing the moment and embracing technology to revolutionize the agrifood industry across the continent.”

If you have a great agribusiness idea, this is your opportunity. Apply before the deadline on Tuesday, June 10, 2025, and take your business to the next level!

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C5 Capital Invests $50 Million in Cassava Technologies For Growth Scale https://techeconomy.ng/c5-capital-invests-50-million-in-cassava-technologies-for-growth-scale/ https://techeconomy.ng/c5-capital-invests-50-million-in-cassava-technologies-for-growth-scale/#respond Mon, 18 Jul 2022 14:34:24 +0000 https://techeconomy.ng/?p=78998 Leveraging technology to enable social mobility and economic prosperity in Africa, Cassava Technologies has secured a $50 million investment from C5 Capital, a specialist venture capital firm that invests in cyber security, space, and energy security. 

The investment, which is part of a larger funding round targeted at accelerating Cassava’s growth, will contribute to the achievement of the company’s goal to increase digital connectivity and inclusion on the continent. 

Cassava will be the go-to-market partner in Africa for C5’s cutting-edge portfolio companies to deliver best-in-class cyber security, satellite and space technology, as well as clean energy.

C5 and Cassava already announced a joint venture through which Haven Cyber, a C5 portfolio company. Cassava will scale Microsoft’s suite of cybersecurity products across Africa to help combat the threat of cybercrime.

According to Strive Masiyiwa, Founder and Executive Chairman of Cassava Technologies, “This investment from C5 is part of our plan to raise additional growth capital whilst diversifying our investor base. We are delighted that C5 has joined us to help realise our vision of a digitally connected future that leaves no African behind”.

Cassava Technologies operates in more than 20 African countries and has been at the forefront of bringing innovative technology solutions to local businesses and individuals. 

Through its extensive offering that includes fibre networks, data centres, renewable energy, cloud and cyber security, and fintech and digital platforms, the company provides digital solutions to over 1 million enterprises and access to the internet for over 500 million people in Africa.

We are delighted to partner with Cassava Technologies, to bring the most innovative cyber security, space and energy security products and services to African markets,” said André Pienaar, Chief Executive and Founder of C5 Capital.

Through the partnership between Haven Cyber (a portfolio company of C5) and Liquid Cloud & Cybersecurity (a business of Cassava), C5 and Cassava aim to bring expertise in cyber security to Africa by launching a network of state-of-the-art Cyber Security Operations Centres (CSOCs) across Africa. The CSOC network will enable the rapid delivery of cyber security services and operations on the continent. The first such CSOC is set for launch in South Africa later this year.

Pienaar continued, “Following the launch of Cassava Technologies’ cutting-edge Cyber Security Operations Centre (CSOC) planned for Johannesburg later this year, we see tremendous growth potential for Cassava Technologies’ cyber security business to help protect African enterprises and communities.”

Hardy Pemhiwa, the President and CEO of Cassava, added, “Recent industry reports highlight that cyber security threats cost Africa close to US$4.1 billion in lost GDP in 2021. This is primarily due to the massive increase in the adoption of technology in businesses and governments across Africa and increased vulnerabilities as cyber-attack technologies evolve. Today’s investment from C5 and our pan-continental partnership will enhance our ability to enable our customers build secure and stable cloud-based digital services critical to transforming lives on the continent.”

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Tesh Durvasula becomes CEO for Africa Data Centres https://techeconomy.ng/tesh-durvasula-becomes-ceo-for-africa-data-centres/ https://techeconomy.ng/tesh-durvasula-becomes-ceo-for-africa-data-centres/#respond Mon, 07 Feb 2022 13:54:00 +0000 https://techeconomy.ng/?p=67573 Cassava Technologies has appointed Tesh Durvasula as the new CEO of Africa Data Centers (ADC) effective Monday, February 7, 2022. 

Tesh Durvasula will be responsible for driving growth, innovation and the strategy of Cassava Technologies, as well as ensure data centers meet Africa’s accelerating demand for data and digital infrastructure.

Durvasula is a seasoned real estate and technology industry executive with a 25-year track record of successful leadership and value creation in the digital infrastructure sector. He will lead the ADC team as the organisation rapidly expands its hyperscale data center footprint across Africa with a plan to add an additional ten data centers in Africa’s top ten economic hubs.

Strive Masiyiwa, CEO and founder of Cassava Technologies, “At Cassava Technologies, our goal is to empower people and businesses with technology, based on our vision of a digitally connected future that leaves no African behind. Through our digital infrastructure and services, we are empowering our clients to fully participate in Africa’s fast-growing digital economy. Expanding the footprint and manageability of our data centers is key to our strategy.” 

Hardy Pemhiwa, president and CEO of Cassava Technologies, “We are delighted to welcome Tesh to the Cassava Technologies family and look forward to leveraging his extensive industry experience as he leads our data center business in its next phase of rapid expansion. to meet the increased demand for data center capacity in Africa. Following the completion of our $300,000,000 financing with the US IDFC and the recent $90,000,000 equity investment by the IFC, it was imperative that we expand our management team.”

Prior to joining ADC, Tesh served in a variety of executive roles at CyrusOne, culminating in his appointment as CEO of the company. And, prior to that, he served as President of European Operations for CyrusOne, overseeing CyrusOne’s expansion into England, Ireland, France and Germany, helping to build CONE into one of the largest publicly traded REITs in the USA.

The potential to grow digital infrastructure is greater in Africa than anywhere else and this will provide a number of opportunities for economic transformation. I am very pleased to be joining Africa Data Centers and Cassava Technologies, especially now that Africa has become one of the fastest growing data usage regions in the world. I feel we are well poised to make an invaluable contribution to Africa’s rapidly developing digital ecosystem,” Durvasula concluded.

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Strive Masiyiwa, three others join Gates Foundation’s Board of Trustees https://techeconomy.ng/strive-masiyiwa-three-others-join-gates-foundations-board-of-trustees/ https://techeconomy.ng/strive-masiyiwa-three-others-join-gates-foundations-board-of-trustees/#respond Thu, 27 Jan 2022 08:49:12 +0000 https://techeconomy.ng/?p=66904 The Bill & Melinda Gates Foundation has appointed a board of trustees, with Strive Masiyiwa, Baroness Nemat (Minouche) Shafik, Thomas J. Tierney, and Gates Foundation CEO Mark Suzman joining co-chairs Bill Gates and Melinda French Gates as members.

 Mark Suzman, Gates Foundation CEO
Mark Suzman, Gates Foundation CEO

The board members will work alongside Gates and French Gates, bringing independent and diverse perspectives to help strengthen the foundation’s governance.

Suzman announced the board members in the foundation’s inaugural annual letterThe letter highlights the foundation’s efforts to fight poverty and disease; its goal of creating a better, fairer world; and its commitment to listening to diverse perspectives and deepening engagement with partners and communities where its work is focused.

The board announcement comes at a time of unprecedented global challenges. The COVID-19 pandemic has slowed, halted, and even reversed hard-won gains in global health and development around the world.

After nearly two decades of steady progress, tens of millions of people have been thrown back into poverty, childhood vaccination rates have dropped, and diseases from malaria to tuberculosis have resurged.

Since January 2020, the Gates Foundation has committed more than $2 billion to the global COVID-19 response, with a focus on making sure support reaches marginalized communities as quickly and effectively as possible. The pandemic has had devastating impacts on these communities, and it will take many years for them to recover.

This governance change comes after the death in late 2020 of Bill Gates Sr., Bill Gates’ father, an honorary co-chair, and a long-time guiding voice at the foundation, as well as the decision by Warren Buffett last year to step down as a trustee after nearly 15 years.

It also represents an explicit recognition by Gates and French Gates, especially in the wake of their recent divorce, that the foundation will be well served by the addition of independent voices to help shape its work in the future.

The board could include up to nine total members, with conversations ongoing about adding to the initial slate to enhance representation across gender, geography, and expertise.

“We are honored that these three deeply knowledgeable and respected individuals have agreed to join the foundation board,” writes Suzman. “Between them, they bring an incredible track record of impact across global business, philanthropy, and development, and we couldn’t be more excited to work with them.”

In addition to introducing the new board members, Suzman discusses the foundation’s efforts to maximize its impact while ensuring that its work is increasingly inclusive. That includes deepening engagement with developing country agencies and governments, establishing offices and growing its staff outside of the United States, and expanding grants to institutions closer to affected communities.

He also emphasizes that in its next phase, the foundation will continue to prioritize areas where its resources and expertise will be most catalytic and to invest in higher-risk areas where it’s more difficult to deploy public resources, from funding innovative treatments for malaria to supporting cutting-edge disease modeling.

“Our new board members are strong, qualified leaders who will support the foundation and its partners in our work to promote a healthier, safer, more equal world for all. I am deeply proud of all that we have accomplished over the past two decades and energized to work with them to drive progress on some of the most important issues the world faces today,” said Melinda French Gates.

Suzman and Connie Collingsworth, the foundation’s chief operating officer and chief legal officer, led the work to strengthen the foundation’s governance at Gates’ and French Gates’ request, conducting a strategic review in consultation with external experts on best governance practices.

The new board members will bring their diverse expertise, experience, and perspective to advise the co-chairs and the foundation’s leadership team on budget and strategy.

The board of Trustees, Gates Foundation will meet three times a year to guide the work of the foundation and approve the annual budget and four-year plan. They will also have the responsibility to review the CEO’s performance and approve the CEO’s compensation. Board members serve three-year terms, with a two-consecutive-term limit.

“Over the past 20 years, the scale and scope of our foundation’s work has evolved to include some of the most complex and urgent challenges the world faces,” said Bill Gates. “As we look ahead, I’m excited to welcome our new board members. Their wide-ranging experience and expertise will have enormous impact on our ability to tackle the complexity of these challenges and bring us closer to realizing a world where everyone has the chance to lead a healthy and productive life.”

Since its establishment 21 years ago, the foundation has provided more than $60 billion in grants, with the annual payout regularly increasing year over year. With a more than $50 billion endowment; Gates and French Gates’ additional commitment of $15 billion last year; the expectation of future pledges, and the requirement to spend down the endowment after the co-founders’ deaths, the foundation is uniquely positioned to continue its work of fighting poverty, disease, and inequity in the United States and around the world, while maintaining a major role in the field of philanthropy for decades to come.

Strive Masiyiwa, chairman and founder of Econet Group, said: “Over the last 20 years I have worked with the Gates Foundation, beginning with efforts to improve agricultural production for more than 400 million smallholder farmers in Africa, to improving livelihoods for the poorest people across Africa and the world. We have worked together to address global health crises like the Ebola and COVID-19 pandemics. I am honored to join the co-chairs and the incredible team at the foundation in fighting disease and poverty throughout the world.”

Baroness Shafik, director of the London School of Economics and Political Science, said: “I am honored and delighted to be joining the board of the Bill & Melinda Gates Foundation and I look forward to working with my fellow board members to support its mission of advancing human flourishing. I’ve spent my career working in some of the world’s great international and academic institutions because, like Melinda and Bill, I realize that the hardest problems facing humanity are not confined to a single country or sector, but are universal challenges that call for reason, empathy, and cooperation. I’ve long admired the foundation for standing for those values across borders and all parts of society. The pandemic, climate change, and other crises have shown its work to be more relevant and necessary than ever. I will dedicate my service as a board member to upholding those collaborative values within an organization that exists to enable everyone to live a healthy and productive life.”

Tom Tierney, co-chair and co-founder of the Bridgespan Group, said: “The Gates Foundation is an extraordinary organization with over two decades of persistent, pragmatic, and disciplined experience fighting poverty, disease, and inequity around the world. The opportunity—and the imperative—to accelerate the foundation’s impact has never been greater. My aspiration as a new board member is to do my share in helping the co-chairs and the leadership team capture this potential, in service of society.”

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