Strive Masiyiwa is the controlling shareholder of publicly-listed mobile telecom company Econet Wireless Zimbabwe. The share price fell more than 63% in value since last year on the back of declining revenues and new taxes imposed on the company. That in turned lowered Masiyiwa’s fortune. Econet has been laying off workers and in June reportedly cut the salaries of workers by 35%. But for Masiyiwa, a devout Christian, redemption may be coming soon: He plans to list his Liquid Telecoms, a UK-based broadband group with operations across Africa, on an European Stock Exchange in a move that could significantly boost his dwindling fortune.
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