Jay-Z’s investments are well-documented and he was co-owner of NBA side Brooklyn Nets after buying a stake in the team.
The award-winning rapper, however, later sold his shares in the team, which he bought in 2004 for $1 million.
In a post on Twitter, Mr Eazi said he was delighted to be part of the ownership of the Cape Town Tigers and looked forward to attending their next match.
The Cape Town Tigers were formed by three American business partners, the team won the South African national championship twice in 2021 and 2022.
“I read that Jay-Z got shares in a NYC basketball team! So I had to do my own thing for my mentor! Written by Mr. Easy.
“Happy to announce that I am now a shareholder of @CapeTownTigers, the best basketball team in Africa from now on! See you at the next game! Honored to be part of the family.”
The Nigerian artiste is a shareholder in Betpawa, who is currently the main sponsor of the Ghana Premier League.
Last year, the Ghana Football Association (GFA) and betPawa signed a three-year deal worth $6 million to be distributed over the period.
This means the Ghanaian topflight company will receive $2 million from betPawa for each of the years it sponsors the league.