Zimbabwean billionaire and tech entrepreneur Strive Masiyiwa has officially divested his remaining shares in Netflix, cashing out approximately $387,596 on July 1. The transaction coincided with stock sales by other key figures at the company, including co-founder Reed Hastings.
Masiyiwa, who joined Netflix’s board of directors in 2020, brought a global perspective shaped by years of experience building telecom and technology infrastructure across Africa. While his tenure on the board added diversity and insight, his current attention appears to be shifting back toward transformative projects on the African continent.
Through his company Cassava Technologies, Masiyiwa is now spearheading efforts to establish advanced digital infrastructure in Africa. The company is deploying Nvidia-powered AI technology, beginning in South Africa, with plans to expand into Nigeria, Kenya, Egypt, and Morocco. The initiative is part of a broader strategy to position Africa as a player in the global digital economy.
Masiyiwa’s exit from the U.S. streaming giant signals a strategic pivot—from global entertainment to fostering Africa’s next-generation tech ecosystem.
