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Zimbabwean billionaire Strive Masiyiwa is making bold moves to position Africa at the forefront of the global artificial intelligence revolution. Through his company, Cassava Technologies, he has formed a landmark partnership with tech giant Nvidia to build the continent’s first AI factory. This ambitious vision is part of a massive $720 million investment plan to establish five such facilities across Africa within a year. While these ventures initially coincided with a market dip that reduced his net worth, a recent surge on the Zimbabwean stock market has reversed his fortunes. The rebound, lifting his wealth to $1.3 billion, is directly linked to renewed investor confidence in his core holdings. This financial recovery underscores how Masiyiwa’s high-tech strategy is not only shaping Africa’s digital future but also reinforcing his own economic standing.
Business Insider Africa