Businessman pioneers coexistence of Faith, Socialism and Capitalism with $2 billion tithe to fight suffering on the continent writes Keiso Mohloboli
THE billionaire founder of Agilitee, Dr Mandla Lamba has donated over $60 million worth of shares to people across the continent of Africa as part of paying his $2 billion dollar tithe.
This is after Agilitee started a process of the IPO on the Johannesburg Stock Exchange, since the company is valued at $20 billion, Lamba is paying 10% which is $2 billion in shares to uplift the poor on the continent.
“Agilitee has now formed regional structures under it, Agilitee Africa being the first one and it covers the entire continent of Africa. The company has also formed Agilitee Americas which also covers the whole of North America. Agilitee in Asia covers the whole of Asia,” Lamba said in a statement.
In 12 months time, Agilitee plans to have branches in Europe, South America, UAE and UK.
Issuance of free shares to the less privileged is to eradicate poverty and hunger in Africa.
“So this IPO is bringing the poor to the JSE through the free shares we will donate, and making them part of a JSE that has not transformed for 134 years. We are in 2022, but 98 percent of the people who benefit from it are the same structures who benefited from the day the JSE was formed, but I am glad that this is changing now,” Lamba said.
Dr Lamba is a South African based pioneer in electric vehicles and green technology, who is on a mission to create millionaires on the continent through public listing.
Lamba owns 77.5 per cent of Agilitee, which is currently valued at $15.5 billion and touts himself as Africa’s second richest man after Aliko Dangote whose net worth is valued at $13.9 billion.
Valued at $15.5 billion, Agilitee is currently preparing for a Johannesburg Stock Exchange IPO, which will be the first EV, AI, and Green Tech IPO in Africa.
Founded in 2018, Agilitee is the very first black owned electric vehicle manufacturer and green tech company in the world. Through its African subsidiary, Agilitee Africa, it is the first electric vehicle manufacturer and green tech company in the continent and a pioneer that is at the forefront of the 4th Industrial Revolution, electric vehicles, artificial intelligence and more importantly, green technology which is the immediate future.
Agilitee which is the first Electric Vehicles, Green Tech and AI company in Africa and the first black owned in the world is currently undergoing an IPO on the Johannesburg Stock Exchange.
