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Meet “Strive Masiyiwa” the first billionaire in Zimbabwe

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Telecom tycoon Strive Masiyiwa has become Zimbabwe’s first billionaire.

According to a report by Forbes, Masiyiwa, 57, is now worth $1.7 billion, a fortune sufficient to rank him along other African billionaires like Nigeria’s Aliko Dangote.

The Forbes 2018 List of the Richest Africans confirmed that Dangote is still the richest man on the continent with a fortune of $12.2 billion. His investments in cement, oil and fertiliser production have paid off.

Masiyiwa controls Econet Group, a Zimbabwe-listed mobile phone company that also has investments in financial services, insurance, e-commerce, renewable energy, education, Coca-Cola bottling, hospitality and payment gateway solutions.

Econet also has a Pay television outfit, Kwesé TV, which is already competing favorably across Africa with Naspers’ DSTV.

In July last year, Liquid Telecom, a subsidiary of Econet Group successfully raised $700 million in a bond and term loan financing package from international financiers.

The Forbes list of 23 shows that Africa’s richest individuals hail from 8 countries; 8 from South Africa, 6 from Egypt, 3 from Nigeria, 2 from Morocco and one list member each from Algeria, Angola, Tanzania and Zimbabwe.

The list has only two women; Isabel dos Santos, who is worth an estimated $2.7 billion and Nigeria’s Folorusho Alakija whose estimated $1.6 billion fortune lies in oil exploration firm Famfa Oil, which is partnered with Chevron and Petrobras on a lucrative offshore oil field.

The youngest billionaire in Africa hails from Tanzania. At age 42, Mohammed Dewjihas a net worth of $1.5 billion having inherited and expanded a textile and edible oils group from his father.

Forbes tracks the wealth of African billionaires who reside in Africa or have their primary businesses on the continent.

The net worths were calculated using stock prices and currency exchange rates from the close of business on Friday, January 5, 2018.

To value privately-held businesses, Forbes couples estimates of revenues or profits with prevailing price-to-sales or price-to-earnings ratios for similar public companies.

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Giraffe truncates South African film-maker’s life

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A South African film-maker was killed by a giraffe while filming on a reserve outside Johannesburg, the game lodge’s owner has said, adding that he died after being air-lifted to hospital.

The giraffe hit Carlos Carvalho in the head at the Glen Afric Country Lodge in North West province.

“When Carlos was standing in front of the giraffe, the animal spread its legs, bent its neck and swung its head at Carlos,” Richard Brooker, whose family owns the lodge said.

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The giraffe, called Gerald, “did nothing wrong,” Brooker said.

Callacrew, a South African film production agency, said Carvalho died on Wednesday night.

“It is with a very sad heart that we have to announce the passing of Carlos Carvalho, one of our favorite DOPs (director of photography),” it said on its Facebook page.

“Carlos was filming a feature at Glen Afric and had a fatal run in with a giraffe on set.”

Carvalho, a 47-year-old father-of-two, was reported to have been looking through the camera eyepiece to take close-up images of the giraffe when the incident occurred.

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Kenya: President Uhuru Kenyatta wins African award for infrastructure

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Kenya’s President Uhuru Kenyatta has been declared the winner of this year’s Babacar Ndiaye’s African award on transport and road infrastructure.

In a ceremony in Dakar, Senegal on Friday the Africa Road Builders said Kenyatta won the 2018 award for Jubilee’s projects in railway, road, air as well as a nationwide street lighting.

Kenyatta will be presented with award on 23 May in Busan, South Korea, during the African Development Bank annual meeting.

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Babacar Ndiaye was an economist and a former president of the African Development Bank. He died last year at the age of 82.

The President of Media for Infrastructure and Finance in Africa Adama Wade cited the Mombasa–Nairobi Standard Gauge Railway as major project that has had immense impact.

“The SGR has reduced costs of travelling between the two cities by half and at the same time taking half of the time for the trip,” he said.

“We thank and congratulate the AfDB and its President Dr Akinwumi Adesina for putting the issue of roads and transport high on its agenda through its ‘High 5 to Transform Africa’ programme,” said Mr Wade.

The General Commissioner of Africa Road Builders Barthélemy Kouame noted that transport networks, like blood vessels, must not be clogged.

He congratulated Kenya for the efforts to improve transport and to foster regional growth through such projects as the Lamu Port.

“We note the crucial role Kenya is playing as a commercial hub of East and Central Africa and the investment in big infrastructure projects to live up to the status,” he said.

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