#African Telecom

[samyupatnana]

African MNO Witnesses 8% Drop in Customer Churn

The client, a major player in the African 4G LTE market, offers a range of services including broadband, VoIP, FTTH & FTTE. They aim to improve customer experience and control churn by migrating to a digital platform that supports converged charging and real-time billing.

The Csmart platform enables multi-service offerings from a single platform. This has simplified service management and improved service delivery. It has also allowed us to offer a wider range of services, catering to the diverse needs of our customers.

8-Percentage-Drop-in-customer-churn-Rate- for-African-MNO-V3 copy (csmart.digital)

[ptseti]

Jesse Russell: The Hidden Architect of the Cell Phone Revolution When we talk about game-changers in technology, names like Steve Jobs and Bill Gates dominate the conversation. But one name that deserves recognition is Jesse Russell, a pioneering engineer whose innovations laid the foundation for the modern cell phone. Born in Nashville in 1948, Russell’s brilliance took him from Tennessee State University to AT&T Bell Labs, where he became the first African American Director of AT&T’s Cellular Telecommunication Lab. His groundbreaking work led to the development of the first digital cellular base station, a critical advancement that made wireless communication more efficient and accessible. Before Russell, mobile networks relied on bulky analog systems with limited capacity. His innovations in digital cellular technology revolutionized mobile communication, allowing for the widespread adoption of cell phones we rely on today. Despite his monumental contributions, Russell’s name is often left out of tech history. His work didn’t just change the telecom industry—it changed how we connect with the world. So next time you make a call or send a text, remember the unsung innovator who helped make it possible. Jesse Russell isn’t just a name in history—he’s a legacy in every pocket.

[beardedmrbean]

More than 250 people from 20 nationalities who had been working in telecom fraud centres in Myanmar's Karen State have been released by an ethnic armed group and brought to Thailand.

The workers, more than half of whom were from African or Asian nations, were received by the Thai army, and are being assessed to find out if they were victims of human trafficking.

Last week Thai Prime Minister Paetongtarn Shinawatra met Chinese leader Xi Jinping and promised to shut down the scam centres which have proliferated along the Thai-Myanmar border.

Her government has stopped access to power and fuel from the Thai side of the border, and toughened up banking and visa rules to try to prevent scam operators from using Thailand as a transit country for moving workers and cash.

Some opposition MPs in Thailand have been pushing for this kind of action for the past two years.

Foreign workers are typically lured to these scam centres by offers of good salaries, or in some cases tricked into thinking they will be doing different work in Thailand, not Myanmar.

The scammers look for workers with skills in the languages of those who are targeted for cyber-fraud, usually English and Chinese.

They are pressed into conducting online criminal activity, ranging from love scams known as "pig butchering" and crypto fraud, to money laundering and illegal gambling.

Some are willing to do the work, but others are forced to stay, with release only possible if their families pay large ransoms. Some of those who have escaped have described being tortured.

The released foreign workers were handed over by the Democratic Karen Benevolent Army, DKBA, one of several armed factions which control territory inside Karen State.

These armed groups have been accused of allowing the scam compounds to operate under their protection, and of tolerating the widespread abuse of trafficking victims who are forced to work in the compounds.

The Myanmar government has been unable to extend its control over much of Karen State since independence in 1948.

On Tuesday, Thailand's Department of Special Investigation, which is similar to the US FBI, requested arrest warrants for three commanders of another armed group known as the Karen National Army.

The warrants included Saw Chit Thu, the Karen warlord who struck a deal in 2017 with a Chinese company to build Shwe Kokko, a new city believed to be largely funded by scams.

The BBC visited Shwe Kokko at the invitation of Yatai, the company which built the city.

Yatai says there are no more scams in Shwe Kokko. It has put up huge billboards all over town proclaiming, in Chinese, Burmese and English, that forced labour is not allowed, and that "online businesses" should leave.

But we were told by local people that the scam business was still running, and interviewed a worker who had been employed in one.

Like the DKBA, Saw Chit Thu broke away from the main Karen insurgent group, the KNU, in 1994, and allied himself to the Myanmar military.

Under pressure from Thailand and China, both Saw Chit Thu and the DKBA have said they are expelling the scam businesses from their territories.

The DKBA commander contacted a Thai member of parliament on Tuesday to arrange the handover of the 260 workers.

They included 221 men and 39 women, from Ethiopia, Kenya, the Philippines, Malaysia, Pakistan, China, Indonesia, Taiwan, Nepal, Uganda, Laos, Burundi, Brazil, Bangladesh, Nigeria, Tanzania, Sir Lanka, India, Ghana and Cambodia.

[readingsquotes]

"When the chief prosecutor of the international criminal court (ICC) announced he was seeking arrest warrants against Israeli and Hamas leaders, he issued a cryptic warning: “I insist that all attempts to impede, intimidate or improperly influence the officials of this court must cease immediately.”

...Now, an investigation by the Guardian and the Israeli-based magazines +972 and Local Call can reveal how Israel has run an almost decade-long secret “war” against the court. The country deployed its intelligence agencies to surveil, hack, pressure, smear and allegedly threaten senior ICC staff in an effort to derail the court’s inquiries.

Israeli intelligence captured the communications of numerous ICC officials, including Khan and his predecessor as prosecutor, Fatou Bensouda, intercepting phone calls, messages, emails and documents.

..

Since it was established in 2002, the ICC has served as a permanent court of last resort for the prosecution of individuals accused of some of the world’s worst atrocities. It has charged the former Sudanese president Omar al-Bashir, the late Libyan president Muammar Gaddafi and most recently, the Russian president, Vladimir Putin.

Khan’s decision to seek warrants against Netanyahu and his defence minister, Yoav Gallant, along with Hamas leaders implicated in the 7 October attack, marks the first time an ICC prosecutor has sought arrest warrants against the leader of a close western ally.

The allegations of war crimes and crimes against humanity that Khan has levelled against Netanyahu and Gallant all relate to Israel’s eight-month war in Gaza, which according to the territory’s health authority has killed more than 35,000 people.

...

Hacked emails and monitored calls

Five sources familiar with Israel’s intelligence activities said it routinely spied on the phone calls made by Bensouda and her staff with Palestinians. Blocked by Israel from accessing Gaza and the West Bank, including East Jerusalem, the ICC was forced to conduct much of its research by telephone, which made it more susceptible to surveillance.

Thanks to their comprehensive access to Palestinian telecoms infrastructure, the sources said, intelligence operatives could capture the calls without installing spyware on the ICC official’s devices.

“If Fatou Bensouda spoke to any person in the West Bank or Gaza, then that phone call would enter [intercept] systems,” one source said. Another said there was no hesitation internally over spying on the prosecutor, adding: “With Bensouda, she’s black and African, so who cares?”. ......

One of the sources said the Shin Bet even installed Pegasus spyware, developed by the private-sector NSO Group, on the phones of multiple Palestinian NGO employees, as well as two senior Palestinian Authority officials.

Keeping tabs on the Palestinian submissions to the ICC’s inquiry was viewed as part of the Shin Bet’s mandate, but some army officials were concerned that spying on a foreign civilian entity crossed a line, as it had little to do with military operations.

“It has nothing to do with Hamas, it has nothing to do with stability in the West Bank,” one military source said of the ICC surveillance. Another added: “We used our resources to spy on Fatou Bensouda – this isn’t something legitimate to do as military intelligence.”

...

Three sources briefed on Cohen’s activities said they understood the spy chief had tried to recruit Bensouda into complying with Israel’s demands during the period in which she was waiting for a ruling from the pre-trial chamber.

They said he became more threatening after he began to realise the prosecutor would not be persuaded to abandon the investigation. At one stage, Cohen is said to have made comments about Bensouda’s security and thinly veiled threats about the consequences for her career if she proceeded.

[newsbites]

News from Africa, 19 June

Hage Geingob will host Danish PM Mette Frederiksen and Dutch PM Mark Rutte today in Namibia. Green hydrogen will reportedly be among the subjects discussed.

2. Namibia's proposed visa exemption for Chinese nationals is a bilateral agreement that would benefit both countries, according to China's ambassador to Namibia, Zhao Weiping.

Some Namibian politicians have objected to the proposal, with opposition leader McHenry Venaani claiming it is a "hoodwinking process" for Chinese prisoners to come to the country, and aspiring presidential candidate Job Amupanda alleging that it involves a deal between the ruling party and China to garner support for next year's elections.

The proposed agreement's main goal is to attract Chinese tourists and help Namibia become competitive again after the Covid-19 pandemic, according to Namibia's minister of home affairs, immigration, safety and security, Albert Kawana.

3. Angola and Zambia signed a memorandum of understanding to enhance cooperation in information technology, including digital transformation, AI, and space technology.

The agreement includes the establishment of direct cross-border optical fibre backbone connectivity between the two countries, scheduled to happen this month.

The collaboration is expected to help improve the regulation of the Angolan and Zambian telecom markets and lead to improved coverage and quality of ICT services provided in both countries.

4. Namibia is embarking on a journey of digital transformation to modernize various aspects of the country's life.

The Department of Home Affairs, Immigration and Security recently announced the successful implementation of an online passport application system, a major step towards delivering home affairs government services through digital channels. Namibia is partnering with Estonia to bring government services online and gradually prepare citizens for the transformation ahead. The Vice Minister of ICT recognizes the importance of foreign direct investment (FDI) for African technology spaces, but stresses the need for a clear roadmap or strategy to ensure that solutions developed in Africa fit the lifestyle on the continent.

5. Nigeria has 71 million people living in extreme poverty and 133 million people are classified as multidimensionally poor, according to 2023 data from the World Poverty Clock and the National Bureau of Statistics.

6. The Bank of Namibia increased the repo rate to safeguard the dollar-rand peg and contain inflationary pressures, but this will severely impact consumers who rely on debt to survive.

The governor expressed empathy for people losing their homes due to rising debt costs, and urged the nation to find better solutions to keep more Namibians in their homes while maintaining financial stability.

7. The fighting in Sudan has caused a surge in refugees fleeing to South Sudan, exacerbating an already dire humanitarian crisis.

The UN has called for $253 million in funding to respond to the crisis, but donations have been slow to come in.

The lack of resources and funding has led to inadequate food, water, and sanitation facilities in transit camps, resulting in malnutrition, disease, and preventable deaths.

[the-silent-pen]

What Is the End Goal of Great Customer Experience — And Does the Customer Still Matter?

We’ve all heard the line: “Deliver great customer experience (CX) and the business will grow.” It’s a simple enough formula — happy customers mean more loyalty, more referrals, and ultimately, more revenue. Right?

But what happens when the customer doesn’t really have a choice? When CX is poor but demand is inelastic? Or when companies control the feedback loop and “mark their own homework”? Especially in South Africa, these aren’t hypotheticals — they’re everyday realities.

So, let’s ask the hard question: What is the real end goal of customer experience — and how much power does the customer actually have?

CX as a Growth Strategy (On Paper)

In competitive industries like telecoms, retail, or banking, CX is touted as a key business differentiator. Great service, intuitive platforms, empathy, and fast issue resolution are supposed to build trust and retention.

And this logic does hold — to an extent. According to research from PwC, 86% of buyers are willing to pay more for a better customer experience. It’s why brands like Capitec and FNB continue to grow in South Africa: they’ve built entire strategies around customer-centricity, digital access, and cost-effectiveness.

But if you zoom out, a different picture emerges — one where the illusion of customer power becomes clear.

Only a Fraction of Customers Complain — So Are We Even Listening?

Contact centres, often used to “measure” customer sentiment, are not accurate barometers of the entire experience. In fact, less than 10% of dissatisfied customers ever escalate their complaints to call centres or formal feedback channels (source: CX Network, Gartner).

This means:

Companies are often designing CX improvements around the loudest — not most representative — voices.

Silent dissatisfaction leads to churn, not feedback.

And worse, many organisations assume silence equals satisfaction.

So, how are we measuring CX? Who’s really in control of the narrative?

Let’s Talk About the South African Government

The public sector is perhaps the clearest example of where CX simply doesn’t seem to matter — because customers (citizens) have nowhere else to go.

From Home Affairs to local municipalities, poor service delivery persists despite widespread dissatisfaction. Why? Because the customer is locked in. There's no competitor to "switch to." The threat of losing business — the very thing that drives CX investment in the private sector — is nonexistent here.

If customers must return regardless of the service, is there any incentive to improve?

Telecoms: A Case of Limited Choice and Switching Fatigue

South Africa’s telecom space is dominated by a few major players:

Vodacom (approx. 45.7 million subscribers)

MTN (36.2 million)

Telkom Mobile (18.5 million)

Cell C (13 million)

Despite mobile number portability and competitor offerings, many South Africans stay put, citing network reliability, device payment contracts, and sheer hassle as reasons.

So, yes — you can leave. But will you? Most don’t.

Banking: Loyal or Just Stuck?

In the banking world, switching providers can feel overwhelming. Think of the admin involved: moving debit orders, informing employers, rebuilding credit histories.

According to data from PwC and TransUnion, South African customers are relatively loyal to their banks, even when unhappy. Capitec's rapid rise, however, shows that when a bank removes friction, simplifies access, and invests in great CX, customers do move — and en masse.

Still, the key takeaway? Friction — not satisfaction — often dictates loyalty.

The Illusion of Customer Power in the Age of Data and Regulation

One of the most interesting modern shifts is how data protection laws, like POPIA, have inadvertently reduced the power customers once held in the public domain.

HelloPeter, once a formidable tool for public accountability, has had to scale back the visibility of detailed complaints and personal data. While it’s important to protect privacy, this also strips consumers of a major feedback and exposure platform — and allows companies to control more of the narrative.

You can’t mark your own homework — yet that’s exactly what’s happening. Companies self-regulate reviews, employ reputation management teams, and curate what’s visible online. Customer voices are being filtered, even when they’re valid.

So, What Is the True End Goal of CX?

If it’s not always about retention, and it’s not always about revenue — then what is it?

The real end goal of CX should be long-term trust. Not just transactional satisfaction, but emotional loyalty. A brand customers believe in even when something goes wrong.

But for that to work:

Customers need real choice.

Switching needs to be easy.

Accountability must exist beyond internal metrics.

Public platforms must protect privacy without silencing voices.

Until these conditions are met, we risk building CX strategies in echo chambers, chasing satisfaction scores from the 10% who complain while the rest quietly walk away.

In Closing

The customer does matter. But in South Africa, the extent to which they matter is largely determined by industry structure, switching friction, and external accountability. Until we rebalance that power, the promise of customer experience will remain just that, a promise.

[shoshanews]

How to Apply Ready to make your next move in the retail telecom industry? Here’s how you can apply: - Email your updated CV to: bongiwe@migarda.co.za - Clearly state your interest in the Telkom Sales Agent – Chatsworth position in your email subject line Note: Applicants must be willing to relocate or already reside in Chatsworth or surrounding areas. Reliable commuting is a requirement for this position. Why Choose Migarda Investments? Migarda Investments is more than just a Telkom dealer—it’s a vibrant network of professionals working toward a shared goal: connecting South Africans through cutting-edge telecommunications solutions. With decades of experience in the retail space, Migarda has built a reputation for nurturing talent and providing opportunities to shine. Read the full article

[ethanhan]

MTN and Synamedia Team Up to Launch a Pan-African Streaming Platform

In a major move that highlights the rapid evolution of the video streaming sector in emerging markets, MTN Group—the largest mobile operator in Africa—has announced a partnership with UK-based video technology firm Synamedia to launch a new streaming platform across the continent. The deal, first reported by Reuters, was confirmed in a press release on MTN’s website on April 7.

This new service will offer both linear TV and on-demand video tailored to MTN’s more than 290 million subscribers across 16 African markets. The platform aims to localize content based on regional languages, cultures, and consumer behavior. It will support subscription, freemium, and ad-supported monetization models—strategies reflective of the economic diversity across African nations.

Selorm Adadevoh, MTN Group Chief Commercial Officer, emphasized that the collaboration supports the company’s “Ambition 2025” strategy, which focuses on leading digital solutions for Africa’s progress. Paul Segre, CEO of Synamedia, highlighted how their cloud-based technology would allow MTN to deploy scalable, cost-efficient video solutions, including targeted advertising and personalized user experiences.

This development signals a shift in how telecoms are increasingly becoming digital content providers—blurring the lines between connectivity and media. It also places MTN in direct competition with both regional players like Showmax and international platforms such as Netflix and Amazon Prime Video, which have ramped up their investments in African original content.

According to a report by Statista, the number of subscription video-on-demand (SVOD) users in Africa is projected to grow from 5 million in 2020 to over 15 million by 2026. This partnership taps into that growth while addressing Africa’s unique infrastructure challenges, particularly in mobile-first markets.

Word count: 270

[africanedevelopment]

Advance Your Career with a Telecoms Technology Course

Explore the dynamic world of telecommunications with our expert-led Telecoms Technology Course at African eDevelopment Resource Centre. Gain hands-on skills, stay ahead of industry trends, and boost your career potential. Enroll now to start your journey in cutting-edge telecoms training.

[cleverhottubmiracle]

Africa’s billionaires have reached an impressive milestone, with their collective fortune now surpassing $100 billion for the first time. A total of 22 individuals have secured spots on Forbes’ 2025 Billionaires List, marking a remarkable leap from last year’s total of $82.4 billion. This surge in wealth is particularly striking given the continent’s ongoing economic challenges, ranging from currency fluctuations and political instability to shifting consumer markets. Yet, Africa’s wealthiest have managed to thrive, leveraging strategic investments, tapping into global market trends, and capitalizing on resilient industries. Leading the pack once again is Nigeria’s Aliko Dangote, who has held the title of Africa’s richest man for an astounding 14th consecutive year. He is joined by prominent figures such as South African luxury magnate Johann Rupert and Egyptian construction mogul Nassef Sawiris. While some billionaires made a powerful comeback this year, others faced financial setbacks. Below is the full list, ranked in ascending order of wealth. Here are the Africans who made Forbes’ 2025 Billionaires list… #22. Strive Masiyiwa ($1.2 Billion) – Zimbabwe (Telecom) Photo: Gates Foundation Strive Masiyiwa, the founder of Econet Wireless, remains Zimbabwe’s wealthiest individual, despite facing a recent financial dip. His fortune was significantly impacted by Zimbabwe’s decision to replace its currency with the gold-backed ZiG, which led to economic instability. Nevertheless, Masiyiwa’s telecommunications empire, which spans multiple African nations, continues to expand, offering mobile services, broadband, and financial solutions. Beyond his business success, Masiyiwa is also known for his philanthropic efforts, particularly in supporting education initiatives across the continent. #21. Yasseen Mansour ($1.2 Billion) – Egypt (Diversified) Photo: Forbes Middle East Yasseen Mansour is one of the three billionaire brothers behind Egypt’s Mansour Group, a diversified multinational corporation. His wealth is rooted in the group’s expansive portfolio, which spans consumer goods, automotive distribution, and real estate. As the exclusive distributor of Caterpillar machinery in Egypt and several other African markets, the Mansour Group holds a commanding presence. Additionally, Yasseen has made strategic investments in luxury real estate projects in both Egypt and Europe, further bolstering his financial empire. #20. Youssef Mansour ($1.4 Billion) – Egypt (Diversified) Photo: Afrique Buzz The eldest of the Mansour brothers, Youssef Mansour, oversees the group’s retail and distribution sector. A key architect of the company’s expansion, he has spearheaded partnerships with global giants like General Motors and McDonald’s, significantly broadening the group’s footprint. Youssef’s fortune has flourished alongside Egypt’s growing consumer market, with the Mansour Group’s increasing influence solidifying its dominant role in North Africa’s economy. #19. Christoffel Wiese ($1.5 Billion) – South Africa (Fashion & Retail) Photo: Forbes Christoffel Wiese, a retail mogul, has amassed significant wealth through his investments in Shoprite and Pepkor, cementing his position as one of South Africa’s wealthiest individuals. While his fortune took a hit following the collapse of Steinhoff International in 2017, Wiese has made a remarkable recovery. His retail empire remains resilient, continuing to serve millions of consumers across Africa with affordable goods and services. #18. Femi Otedola ($1.5 Billion) – Nigeria (Energy) Photo: FBN Holdings Plc. Femi Otedola stands as one of Nigeria’s most influential businessmen, with his fortune largely derived from the energy sector. As the chairman of Geregu Power Plc, Nigeria’s first publicly listed power generation company, Otedola has seen his wealth rise, especially with the recent surge in Geregu’s stock. In addition to his energy investments, he has expanded his portfolio into financial services, real estate, and philanthropy, further solidifying his position as a prominent figure in both business and charitable efforts. #17. Jannie Mouton & Family ($1.5 Billion) – South Africa (Finance & Investments) Photo: MoneyWeb Jannie Mouton, the visionary founder of PSG Group, has reclaimed his spot among Africa’s billionaires, marking a remarkable financial resurgence. His wealth surged following a 59% rise in the stock price of Capitec Bank, one of South Africa’s most successful and innovative banking institutions. Beyond banking, Mouton’s investment firm maintains strategic interests in agribusiness, education, and private equity, reinforcing his influence in South Africa’s evolving financial landscape. #16. Aziz Akhannouch & Family ($1.5 Billion) – Morocco (Diversified) Photo: AFSIC Aziz Akhannouch, Morocco’s prime minister and a powerhouse in business, has amassed his fortune through Akwa Group, a dominant player in North Africa’s energy and gas sector. As Morocco continues to expand its energy infrastructure and oil distribution networks, his wealth has steadily grown. Despite his political responsibilities, Akhannouch remains one of the region’s most influential and strategic business leaders. #15. Anas Sefrioui & Family ($1.6 Billion) – Morocco (Real Estate) Photo: Forbes Middle East Anas Sefrioui, a real estate mogul, has made a striking comeback to the billionaire ranks this year. His company, Douja Promotion Groupe Addoha, experienced a surge in stock value, more than doubling due to a spike in home sales across Morocco. Sefrioui’s expertise in affordable housing has solidified his status as a driving force in Morocco’s urban development, catering to the country’s growing demand for residential spaces. #14. Othman Benjelloun & Family ($1.6 Billion) – Morocco (Finance & Investments) Photo: Forbes Middle East Othman Benjelloun, a powerhouse in Morocco’s financial sector, has built his fortune through BMCE Bank, one of the country’s largest financial institutions. Beyond banking, his wealth extends into insurance, telecommunications, and infrastructure investments across Africa. A visionary leader, Benjelloun has been instrumental in expanding financial services throughout the continent, strengthening Morocco’s position as a key player in African banking. #13. Michiel Le Roux ($2.2 Billion) – South Africa (Finance & Investments) Photo: Business Empire Michiel Le Roux, the visionary founder of Capitec Bank, has transformed South Africa’s banking landscape by providing low-cost, accessible financial services to millions. His innovative approach to retail banking has made Capitec one of the country’s most profitable financial institutions. As the bank’s market value continues to climb, so does Le Roux’s fortune, solidifying his place among Africa’s wealthiest individuals. #12. Mohammed Dewji ($2.2 Billion) – Tanzania (Diversified) Photo: The World Economic Forum Forty-four-year-old Mohammed Dewji, Africa’s youngest billionaire, leads METL Group, a Tanzanian powerhouse with diverse interests in manufacturing, agriculture, and distribution. Operating in over 11 countries, his business empire continues to drive industrial growth across Tanzania and beyond. Beyond his corporate success, Dewji is also a dedicated philanthropist, channeling substantial funds into education and healthcare initiatives to uplift communities. #11. Issad Rebrab & Family ($3 Billion) – Algeria (Food & Beverage) Photo: Forbes Middle East Issad Rebrab, Algeria’s richest man, is the founder of Cevital, the country’s largest privately owned conglomerate. With a strong foothold in food processing, retail, and industrial equipment manufacturing, Cevital has solidified its dominance in the Algerian market. Rebrab’s strategic investments in European food processing companies have further expanded his wealth, reinforcing his position as one of Africa’s most influential business leaders. #10. Patrice Motsepe ($3 Billion) – South Africa (Metals & Mining) Photo: Britannica Patrice Motsepe, the founder of African Rainbow Minerals, has built his fortune through strategic investments in the mining sector, particularly in gold and platinum. Beyond mining, he has expanded his business empire into banking and sports management. As the current president of the Confederation of African Football (CAF), Motsepe plays a crucial role in shaping the future of African football while continuing to grow his wealth through lucrative ventures. #9. Mohamed Mansour ($3.4 Billion) – Egypt (Diversified) Photo: Business Empires Mohamed Mansour, the third of the Mansour brothers, is a key figure in Egypt’s business landscape. He oversees a diverse portfolio spanning construction, retail, and automotive industries. Under his leadership, the Mansour Group has secured exclusive distribution rights for General Motors in multiple African countries, solidifying its dominance in the region’s automotive market. #8. Koos Bekker ($3.4 billion) – South Africa (Media & Entertainment) Photo: AFSIC Koos Bekker is celebrated for transforming Naspers into a global e-commerce giant and media powerhouse. His visionary leadership led Naspers to make a game-changing investment in Tencent, the Chinese internet and entertainment behemoth, a move that skyrocketed the company’s—and Bekker’s—wealth. His sharp acumen in media and technology investments continues to cement his status as one of Africa’s most influential billionaires. #7. Naguib Sawiris ($5 Billion) – Egypt (Telecom) Photo: Arab Thought Naguib Sawiris built his fortune in telecommunications and later expanded into gold mining and media. His strategic investments in global tech startups and luxury real estate have ensured his continued position among Africa’s wealthiest billionaires. Sawiris’ ability to diversify and adapt has solidified his influence in both the African and global business landscapes. #6. Abdulsamad Rabiu ($5.1 Billion) – Nigeria (Diversified) Photo: Nairametrics Abdulsamad Rabiu is the founder of BUA Group, a leading force in Nigeria’s cement, sugar, and real estate sectors. Through continued expansion in infrastructure and industrial production, BUA Group has played a key role in boosting Rabiu’s fortune. His strategic investments in various industries have positioned him as one of Nigeria’s wealthiest and most influential business figures. #5. Mike Adenuga ($6.8 billion) – Nigeria (Diversified) Photo: Enterpreneures.ng Mike Adenuga is the founder of Globacom, Nigeria’s second-largest telecommunications operator, which has expanded its reach across West Africa. In addition to telecom, Adenuga has substantial investments in the oil sector through his stake in Conoil, as well as extensive real estate holdings. His diverse portfolio of successful ventures has been pivotal in his rise to wealth, cementing his place as one of Nigeria’s most influential business magnates. #4. Nassef Sawiris ($9.6 billion) – Egypt (Construction & Engineering) Photo: Bloomberg Nassef Sawiris, a scion of Egypt’s wealthiest family, has built a vast fortune through strategic investments in industries such as construction, chemicals, and sports. Notably, he holds substantial stakes in OCI N.V., a leading global nitrogen fertilizer producer, as well as in Adidas, which has further bolstered his wealth. Additionally, Sawiris’ diversified portfolio and keen investment strategies have not only strengthened his financial standing but also solidified his position as one of Africa’s wealthiest and most influential figures. #3. Nicky Oppenheimer & Family ($10.4 billion) – South Africa (Metals & Mining) Photo: Robert Tshabalala Nicky Oppenheimer, heir to the De Beers diamond fortune, is a prominent figure in both the business and conservation worlds. His family’s legacy in the global diamond trade was solidified for decades until 2012, when Oppenheimer sold his family’s 40% stake in De Beers for a staggering $5.1 billion. Beyond his business acumen, Oppenheimer is deeply committed to environmental conservation, with significant efforts in preserving nature through the establishment of nature reserves across Africa. This dual focus on business and environmental stewardship highlights his enduring influence and legacy. #2. Johann Rupert & Family ($14.0 billion) – South Africa (Fashion & Retail) Photo: Richemont Johann Rupert, the chairman of Compagnie Financière Richemont, which is renowned for luxury brands like Cartier and Montblanc, continues to solidify his status as one of Africa’s wealthiest individuals. His fortune has experienced a significant surge, increasing by 39% to reach $14 billion, making it the second-largest gain among African billionaires. Since 2022, Rupert has held his position as the second-richest African, a testament to his enduring influence and leadership in the luxury goods sector. #1. Aliko Dangote ($23.9 billion) – Nigeria (Manufacturing) Photo: The CEO Magazine Aliko Dangote, Africa’s richest billionaire for the 14th consecutive year, has seen his net worth skyrocket to $23.9 billion, up from $13.9 billion in 2024. This remarkable growth can largely be attributed to the successful launch of his oil refinery on the outskirts of Lagos, which began operations in early 2024 and is set to reach full capacity in April 2025. The refinery’s success represents a transformative moment for Nigeria, positioning the country to export refined petroleum products and reduce its dependency on imports. In addition to his accomplishments in oil, Dangote’s diversified conglomerate continues to dominate Africa’s cement, sugar, and flour production industries. For the latest in fashion, lifestyle, and culture, follow us on Instagram @StyleRave_—Read Also !function(f,b,e,v,n,t,s) if(f.fbq)return;n=f.fbq=function()n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments); if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)(window, document,'script', ' fbq('init', '496558104568102'); fbq('track', 'PageView'); !function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n; n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window, document,'script',' fbq('init', '1453079628754066'); fbq('track', "PageView"); Source link

[norajworld]

Africa’s billionaires have reached an impressive milestone, with their collective fortune now surpassing $100 billion for the first time. A total of 22 individuals have secured spots on Forbes’ 2025 Billionaires List, marking a remarkable leap from last year’s total of $82.4 billion. This surge in wealth is particularly striking given the continent’s ongoing economic challenges, ranging from currency fluctuations and political instability to shifting consumer markets. Yet, Africa’s wealthiest have managed to thrive, leveraging strategic investments, tapping into global market trends, and capitalizing on resilient industries. Leading the pack once again is Nigeria’s Aliko Dangote, who has held the title of Africa’s richest man for an astounding 14th consecutive year. He is joined by prominent figures such as South African luxury magnate Johann Rupert and Egyptian construction mogul Nassef Sawiris. While some billionaires made a powerful comeback this year, others faced financial setbacks. Below is the full list, ranked in ascending order of wealth. Here are the Africans who made Forbes’ 2025 Billionaires list… #22. Strive Masiyiwa ($1.2 Billion) – Zimbabwe (Telecom) Photo: Gates Foundation Strive Masiyiwa, the founder of Econet Wireless, remains Zimbabwe’s wealthiest individual, despite facing a recent financial dip. His fortune was significantly impacted by Zimbabwe’s decision to replace its currency with the gold-backed ZiG, which led to economic instability. Nevertheless, Masiyiwa’s telecommunications empire, which spans multiple African nations, continues to expand, offering mobile services, broadband, and financial solutions. Beyond his business success, Masiyiwa is also known for his philanthropic efforts, particularly in supporting education initiatives across the continent. #21. Yasseen Mansour ($1.2 Billion) – Egypt (Diversified) Photo: Forbes Middle East Yasseen Mansour is one of the three billionaire brothers behind Egypt’s Mansour Group, a diversified multinational corporation. His wealth is rooted in the group’s expansive portfolio, which spans consumer goods, automotive distribution, and real estate. As the exclusive distributor of Caterpillar machinery in Egypt and several other African markets, the Mansour Group holds a commanding presence. Additionally, Yasseen has made strategic investments in luxury real estate projects in both Egypt and Europe, further bolstering his financial empire. #20. Youssef Mansour ($1.4 Billion) – Egypt (Diversified) Photo: Afrique Buzz The eldest of the Mansour brothers, Youssef Mansour, oversees the group’s retail and distribution sector. A key architect of the company’s expansion, he has spearheaded partnerships with global giants like General Motors and McDonald’s, significantly broadening the group’s footprint. Youssef’s fortune has flourished alongside Egypt’s growing consumer market, with the Mansour Group’s increasing influence solidifying its dominant role in North Africa’s economy. #19. Christoffel Wiese ($1.5 Billion) – South Africa (Fashion & Retail) Photo: Forbes Christoffel Wiese, a retail mogul, has amassed significant wealth through his investments in Shoprite and Pepkor, cementing his position as one of South Africa’s wealthiest individuals. While his fortune took a hit following the collapse of Steinhoff International in 2017, Wiese has made a remarkable recovery. His retail empire remains resilient, continuing to serve millions of consumers across Africa with affordable goods and services. #18. Femi Otedola ($1.5 Billion) – Nigeria (Energy) Photo: FBN Holdings Plc. Femi Otedola stands as one of Nigeria’s most influential businessmen, with his fortune largely derived from the energy sector. As the chairman of Geregu Power Plc, Nigeria’s first publicly listed power generation company, Otedola has seen his wealth rise, especially with the recent surge in Geregu’s stock. In addition to his energy investments, he has expanded his portfolio into financial services, real estate, and philanthropy, further solidifying his position as a prominent figure in both business and charitable efforts. #17. Jannie Mouton & Family ($1.5 Billion) – South Africa (Finance & Investments) Photo: MoneyWeb Jannie Mouton, the visionary founder of PSG Group, has reclaimed his spot among Africa’s billionaires, marking a remarkable financial resurgence. His wealth surged following a 59% rise in the stock price of Capitec Bank, one of South Africa’s most successful and innovative banking institutions. Beyond banking, Mouton’s investment firm maintains strategic interests in agribusiness, education, and private equity, reinforcing his influence in South Africa’s evolving financial landscape. #16. Aziz Akhannouch & Family ($1.5 Billion) – Morocco (Diversified) Photo: AFSIC Aziz Akhannouch, Morocco’s prime minister and a powerhouse in business, has amassed his fortune through Akwa Group, a dominant player in North Africa’s energy and gas sector. As Morocco continues to expand its energy infrastructure and oil distribution networks, his wealth has steadily grown. Despite his political responsibilities, Akhannouch remains one of the region’s most influential and strategic business leaders. #15. Anas Sefrioui & Family ($1.6 Billion) – Morocco (Real Estate) Photo: Forbes Middle East Anas Sefrioui, a real estate mogul, has made a striking comeback to the billionaire ranks this year. His company, Douja Promotion Groupe Addoha, experienced a surge in stock value, more than doubling due to a spike in home sales across Morocco. Sefrioui’s expertise in affordable housing has solidified his status as a driving force in Morocco’s urban development, catering to the country’s growing demand for residential spaces. #14. Othman Benjelloun & Family ($1.6 Billion) – Morocco (Finance & Investments) Photo: Forbes Middle East Othman Benjelloun, a powerhouse in Morocco’s financial sector, has built his fortune through BMCE Bank, one of the country’s largest financial institutions. Beyond banking, his wealth extends into insurance, telecommunications, and infrastructure investments across Africa. A visionary leader, Benjelloun has been instrumental in expanding financial services throughout the continent, strengthening Morocco’s position as a key player in African banking. #13. Michiel Le Roux ($2.2 Billion) – South Africa (Finance & Investments) Photo: Business Empire Michiel Le Roux, the visionary founder of Capitec Bank, has transformed South Africa’s banking landscape by providing low-cost, accessible financial services to millions. His innovative approach to retail banking has made Capitec one of the country’s most profitable financial institutions. As the bank’s market value continues to climb, so does Le Roux’s fortune, solidifying his place among Africa’s wealthiest individuals. #12. Mohammed Dewji ($2.2 Billion) – Tanzania (Diversified) Photo: The World Economic Forum Forty-four-year-old Mohammed Dewji, Africa’s youngest billionaire, leads METL Group, a Tanzanian powerhouse with diverse interests in manufacturing, agriculture, and distribution. Operating in over 11 countries, his business empire continues to drive industrial growth across Tanzania and beyond. Beyond his corporate success, Dewji is also a dedicated philanthropist, channeling substantial funds into education and healthcare initiatives to uplift communities. #11. Issad Rebrab & Family ($3 Billion) – Algeria (Food & Beverage) Photo: Forbes Middle East Issad Rebrab, Algeria’s richest man, is the founder of Cevital, the country’s largest privately owned conglomerate. With a strong foothold in food processing, retail, and industrial equipment manufacturing, Cevital has solidified its dominance in the Algerian market. Rebrab’s strategic investments in European food processing companies have further expanded his wealth, reinforcing his position as one of Africa’s most influential business leaders. #10. Patrice Motsepe ($3 Billion) – South Africa (Metals & Mining) Photo: Britannica Patrice Motsepe, the founder of African Rainbow Minerals, has built his fortune through strategic investments in the mining sector, particularly in gold and platinum. Beyond mining, he has expanded his business empire into banking and sports management. As the current president of the Confederation of African Football (CAF), Motsepe plays a crucial role in shaping the future of African football while continuing to grow his wealth through lucrative ventures. #9. Mohamed Mansour ($3.4 Billion) – Egypt (Diversified) Photo: Business Empires Mohamed Mansour, the third of the Mansour brothers, is a key figure in Egypt’s business landscape. He oversees a diverse portfolio spanning construction, retail, and automotive industries. Under his leadership, the Mansour Group has secured exclusive distribution rights for General Motors in multiple African countries, solidifying its dominance in the region’s automotive market. #8. Koos Bekker ($3.4 billion) – South Africa (Media & Entertainment) Photo: AFSIC Koos Bekker is celebrated for transforming Naspers into a global e-commerce giant and media powerhouse. His visionary leadership led Naspers to make a game-changing investment in Tencent, the Chinese internet and entertainment behemoth, a move that skyrocketed the company’s—and Bekker’s—wealth. His sharp acumen in media and technology investments continues to cement his status as one of Africa’s most influential billionaires. #7. Naguib Sawiris ($5 Billion) – Egypt (Telecom) Photo: Arab Thought Naguib Sawiris built his fortune in telecommunications and later expanded into gold mining and media. His strategic investments in global tech startups and luxury real estate have ensured his continued position among Africa’s wealthiest billionaires. Sawiris’ ability to diversify and adapt has solidified his influence in both the African and global business landscapes. #6. Abdulsamad Rabiu ($5.1 Billion) – Nigeria (Diversified) Photo: Nairametrics Abdulsamad Rabiu is the founder of BUA Group, a leading force in Nigeria’s cement, sugar, and real estate sectors. Through continued expansion in infrastructure and industrial production, BUA Group has played a key role in boosting Rabiu’s fortune. His strategic investments in various industries have positioned him as one of Nigeria’s wealthiest and most influential business figures. #5. Mike Adenuga ($6.8 billion) – Nigeria (Diversified) Photo: Enterpreneures.ng Mike Adenuga is the founder of Globacom, Nigeria’s second-largest telecommunications operator, which has expanded its reach across West Africa. In addition to telecom, Adenuga has substantial investments in the oil sector through his stake in Conoil, as well as extensive real estate holdings. His diverse portfolio of successful ventures has been pivotal in his rise to wealth, cementing his place as one of Nigeria’s most influential business magnates. #4. Nassef Sawiris ($9.6 billion) – Egypt (Construction & Engineering) Photo: Bloomberg Nassef Sawiris, a scion of Egypt’s wealthiest family, has built a vast fortune through strategic investments in industries such as construction, chemicals, and sports. Notably, he holds substantial stakes in OCI N.V., a leading global nitrogen fertilizer producer, as well as in Adidas, which has further bolstered his wealth. Additionally, Sawiris’ diversified portfolio and keen investment strategies have not only strengthened his financial standing but also solidified his position as one of Africa’s wealthiest and most influential figures. #3. Nicky Oppenheimer & Family ($10.4 billion) – South Africa (Metals & Mining) Photo: Robert Tshabalala Nicky Oppenheimer, heir to the De Beers diamond fortune, is a prominent figure in both the business and conservation worlds. His family’s legacy in the global diamond trade was solidified for decades until 2012, when Oppenheimer sold his family’s 40% stake in De Beers for a staggering $5.1 billion. Beyond his business acumen, Oppenheimer is deeply committed to environmental conservation, with significant efforts in preserving nature through the establishment of nature reserves across Africa. This dual focus on business and environmental stewardship highlights his enduring influence and legacy. #2. Johann Rupert & Family ($14.0 billion) – South Africa (Fashion & Retail) Photo: Richemont Johann Rupert, the chairman of Compagnie Financière Richemont, which is renowned for luxury brands like Cartier and Montblanc, continues to solidify his status as one of Africa’s wealthiest individuals. His fortune has experienced a significant surge, increasing by 39% to reach $14 billion, making it the second-largest gain among African billionaires. Since 2022, Rupert has held his position as the second-richest African, a testament to his enduring influence and leadership in the luxury goods sector. #1. Aliko Dangote ($23.9 billion) – Nigeria (Manufacturing) Photo: The CEO Magazine Aliko Dangote, Africa’s richest billionaire for the 14th consecutive year, has seen his net worth skyrocket to $23.9 billion, up from $13.9 billion in 2024. This remarkable growth can largely be attributed to the successful launch of his oil refinery on the outskirts of Lagos, which began operations in early 2024 and is set to reach full capacity in April 2025. The refinery’s success represents a transformative moment for Nigeria, positioning the country to export refined petroleum products and reduce its dependency on imports. In addition to his accomplishments in oil, Dangote’s diversified conglomerate continues to dominate Africa’s cement, sugar, and flour production industries. For the latest in fashion, lifestyle, and culture, follow us on Instagram @StyleRave_—Read Also !function(f,b,e,v,n,t,s) if(f.fbq)return;n=f.fbq=function()n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments); if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)(window, document,'script', ' fbq('init', '496558104568102'); fbq('track', 'PageView'); !function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n; n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window, document,'script',' fbq('init', '1453079628754066'); fbq('track', "PageView"); Source link

[samyupatnana]

Churn Rate Decreases by 8% for African MNO

Our client, a major African 4G LTE operator, offers both pre-paid and post-paid models of broadband, VoIP, FTTH & FTTE services. Their objective is to improve customer experience by transitioning to an end-to-end digital platform.

The integration of multiple network elements across wired and wireless networks was made possible through our microservices-based Open API layer. This has significantly enhanced the functionality and interoperability of the Csmart platform. It has also allowed for a more flexible and scalable system, capable of adapting to changing business needs and technological advancements.

8-Percentage-Drop-in-customer-churn-Rate- for-African-MNO-V3 copy (csmart.digital)

[ellajme0]

Africa’s billionaires have reached an impressive milestone, with their collective fortune now surpassing $100 billion for the first time. A total of 22 individuals have secured spots on Forbes’ 2025 Billionaires List, marking a remarkable leap from last year’s total of $82.4 billion. This surge in wealth is particularly striking given the continent’s ongoing economic challenges, ranging from currency fluctuations and political instability to shifting consumer markets. Yet, Africa’s wealthiest have managed to thrive, leveraging strategic investments, tapping into global market trends, and capitalizing on resilient industries. Leading the pack once again is Nigeria’s Aliko Dangote, who has held the title of Africa’s richest man for an astounding 14th consecutive year. He is joined by prominent figures such as South African luxury magnate Johann Rupert and Egyptian construction mogul Nassef Sawiris. While some billionaires made a powerful comeback this year, others faced financial setbacks. Below is the full list, ranked in ascending order of wealth. Here are the Africans who made Forbes’ 2025 Billionaires list… #22. Strive Masiyiwa ($1.2 Billion) – Zimbabwe (Telecom) Photo: Gates Foundation Strive Masiyiwa, the founder of Econet Wireless, remains Zimbabwe’s wealthiest individual, despite facing a recent financial dip. His fortune was significantly impacted by Zimbabwe’s decision to replace its currency with the gold-backed ZiG, which led to economic instability. Nevertheless, Masiyiwa’s telecommunications empire, which spans multiple African nations, continues to expand, offering mobile services, broadband, and financial solutions. Beyond his business success, Masiyiwa is also known for his philanthropic efforts, particularly in supporting education initiatives across the continent. #21. Yasseen Mansour ($1.2 Billion) – Egypt (Diversified) Photo: Forbes Middle East Yasseen Mansour is one of the three billionaire brothers behind Egypt’s Mansour Group, a diversified multinational corporation. His wealth is rooted in the group’s expansive portfolio, which spans consumer goods, automotive distribution, and real estate. As the exclusive distributor of Caterpillar machinery in Egypt and several other African markets, the Mansour Group holds a commanding presence. Additionally, Yasseen has made strategic investments in luxury real estate projects in both Egypt and Europe, further bolstering his financial empire. #20. Youssef Mansour ($1.4 Billion) – Egypt (Diversified) Photo: Afrique Buzz The eldest of the Mansour brothers, Youssef Mansour, oversees the group’s retail and distribution sector. A key architect of the company’s expansion, he has spearheaded partnerships with global giants like General Motors and McDonald’s, significantly broadening the group’s footprint. Youssef’s fortune has flourished alongside Egypt’s growing consumer market, with the Mansour Group’s increasing influence solidifying its dominant role in North Africa’s economy. #19. Christoffel Wiese ($1.5 Billion) – South Africa (Fashion & Retail) Photo: Forbes Christoffel Wiese, a retail mogul, has amassed significant wealth through his investments in Shoprite and Pepkor, cementing his position as one of South Africa’s wealthiest individuals. While his fortune took a hit following the collapse of Steinhoff International in 2017, Wiese has made a remarkable recovery. His retail empire remains resilient, continuing to serve millions of consumers across Africa with affordable goods and services. #18. Femi Otedola ($1.5 Billion) – Nigeria (Energy) Photo: FBN Holdings Plc. Femi Otedola stands as one of Nigeria’s most influential businessmen, with his fortune largely derived from the energy sector. As the chairman of Geregu Power Plc, Nigeria’s first publicly listed power generation company, Otedola has seen his wealth rise, especially with the recent surge in Geregu’s stock. In addition to his energy investments, he has expanded his portfolio into financial services, real estate, and philanthropy, further solidifying his position as a prominent figure in both business and charitable efforts. #17. Jannie Mouton & Family ($1.5 Billion) – South Africa (Finance & Investments) Photo: MoneyWeb Jannie Mouton, the visionary founder of PSG Group, has reclaimed his spot among Africa’s billionaires, marking a remarkable financial resurgence. His wealth surged following a 59% rise in the stock price of Capitec Bank, one of South Africa’s most successful and innovative banking institutions. Beyond banking, Mouton’s investment firm maintains strategic interests in agribusiness, education, and private equity, reinforcing his influence in South Africa’s evolving financial landscape. #16. Aziz Akhannouch & Family ($1.5 Billion) – Morocco (Diversified) Photo: AFSIC Aziz Akhannouch, Morocco’s prime minister and a powerhouse in business, has amassed his fortune through Akwa Group, a dominant player in North Africa’s energy and gas sector. As Morocco continues to expand its energy infrastructure and oil distribution networks, his wealth has steadily grown. Despite his political responsibilities, Akhannouch remains one of the region’s most influential and strategic business leaders. #15. Anas Sefrioui & Family ($1.6 Billion) – Morocco (Real Estate) Photo: Forbes Middle East Anas Sefrioui, a real estate mogul, has made a striking comeback to the billionaire ranks this year. His company, Douja Promotion Groupe Addoha, experienced a surge in stock value, more than doubling due to a spike in home sales across Morocco. Sefrioui’s expertise in affordable housing has solidified his status as a driving force in Morocco’s urban development, catering to the country’s growing demand for residential spaces. #14. Othman Benjelloun & Family ($1.6 Billion) – Morocco (Finance & Investments) Photo: Forbes Middle East Othman Benjelloun, a powerhouse in Morocco’s financial sector, has built his fortune through BMCE Bank, one of the country’s largest financial institutions. Beyond banking, his wealth extends into insurance, telecommunications, and infrastructure investments across Africa. A visionary leader, Benjelloun has been instrumental in expanding financial services throughout the continent, strengthening Morocco’s position as a key player in African banking. #13. Michiel Le Roux ($2.2 Billion) – South Africa (Finance & Investments) Photo: Business Empire Michiel Le Roux, the visionary founder of Capitec Bank, has transformed South Africa’s banking landscape by providing low-cost, accessible financial services to millions. His innovative approach to retail banking has made Capitec one of the country’s most profitable financial institutions. As the bank’s market value continues to climb, so does Le Roux’s fortune, solidifying his place among Africa’s wealthiest individuals. #12. Mohammed Dewji ($2.2 Billion) – Tanzania (Diversified) Photo: The World Economic Forum Forty-four-year-old Mohammed Dewji, Africa’s youngest billionaire, leads METL Group, a Tanzanian powerhouse with diverse interests in manufacturing, agriculture, and distribution. Operating in over 11 countries, his business empire continues to drive industrial growth across Tanzania and beyond. Beyond his corporate success, Dewji is also a dedicated philanthropist, channeling substantial funds into education and healthcare initiatives to uplift communities. #11. Issad Rebrab & Family ($3 Billion) – Algeria (Food & Beverage) Photo: Forbes Middle East Issad Rebrab, Algeria’s richest man, is the founder of Cevital, the country’s largest privately owned conglomerate. With a strong foothold in food processing, retail, and industrial equipment manufacturing, Cevital has solidified its dominance in the Algerian market. Rebrab’s strategic investments in European food processing companies have further expanded his wealth, reinforcing his position as one of Africa’s most influential business leaders. #10. Patrice Motsepe ($3 Billion) – South Africa (Metals & Mining) Photo: Britannica Patrice Motsepe, the founder of African Rainbow Minerals, has built his fortune through strategic investments in the mining sector, particularly in gold and platinum. Beyond mining, he has expanded his business empire into banking and sports management. As the current president of the Confederation of African Football (CAF), Motsepe plays a crucial role in shaping the future of African football while continuing to grow his wealth through lucrative ventures. #9. Mohamed Mansour ($3.4 Billion) – Egypt (Diversified) Photo: Business Empires Mohamed Mansour, the third of the Mansour brothers, is a key figure in Egypt’s business landscape. He oversees a diverse portfolio spanning construction, retail, and automotive industries. Under his leadership, the Mansour Group has secured exclusive distribution rights for General Motors in multiple African countries, solidifying its dominance in the region’s automotive market. #8. Koos Bekker ($3.4 billion) – South Africa (Media & Entertainment) Photo: AFSIC Koos Bekker is celebrated for transforming Naspers into a global e-commerce giant and media powerhouse. His visionary leadership led Naspers to make a game-changing investment in Tencent, the Chinese internet and entertainment behemoth, a move that skyrocketed the company’s—and Bekker’s—wealth. His sharp acumen in media and technology investments continues to cement his status as one of Africa’s most influential billionaires. #7. Naguib Sawiris ($5 Billion) – Egypt (Telecom) Photo: Arab Thought Naguib Sawiris built his fortune in telecommunications and later expanded into gold mining and media. His strategic investments in global tech startups and luxury real estate have ensured his continued position among Africa’s wealthiest billionaires. Sawiris’ ability to diversify and adapt has solidified his influence in both the African and global business landscapes. #6. Abdulsamad Rabiu ($5.1 Billion) – Nigeria (Diversified) Photo: Nairametrics Abdulsamad Rabiu is the founder of BUA Group, a leading force in Nigeria’s cement, sugar, and real estate sectors. Through continued expansion in infrastructure and industrial production, BUA Group has played a key role in boosting Rabiu’s fortune. His strategic investments in various industries have positioned him as one of Nigeria’s wealthiest and most influential business figures. #5. Mike Adenuga ($6.8 billion) – Nigeria (Diversified) Photo: Enterpreneures.ng Mike Adenuga is the founder of Globacom, Nigeria’s second-largest telecommunications operator, which has expanded its reach across West Africa. In addition to telecom, Adenuga has substantial investments in the oil sector through his stake in Conoil, as well as extensive real estate holdings. His diverse portfolio of successful ventures has been pivotal in his rise to wealth, cementing his place as one of Nigeria’s most influential business magnates. #4. Nassef Sawiris ($9.6 billion) – Egypt (Construction & Engineering) Photo: Bloomberg Nassef Sawiris, a scion of Egypt’s wealthiest family, has built a vast fortune through strategic investments in industries such as construction, chemicals, and sports. Notably, he holds substantial stakes in OCI N.V., a leading global nitrogen fertilizer producer, as well as in Adidas, which has further bolstered his wealth. Additionally, Sawiris’ diversified portfolio and keen investment strategies have not only strengthened his financial standing but also solidified his position as one of Africa’s wealthiest and most influential figures. #3. Nicky Oppenheimer & Family ($10.4 billion) – South Africa (Metals & Mining) Photo: Robert Tshabalala Nicky Oppenheimer, heir to the De Beers diamond fortune, is a prominent figure in both the business and conservation worlds. His family’s legacy in the global diamond trade was solidified for decades until 2012, when Oppenheimer sold his family’s 40% stake in De Beers for a staggering $5.1 billion. Beyond his business acumen, Oppenheimer is deeply committed to environmental conservation, with significant efforts in preserving nature through the establishment of nature reserves across Africa. This dual focus on business and environmental stewardship highlights his enduring influence and legacy. #2. Johann Rupert & Family ($14.0 billion) – South Africa (Fashion & Retail) Photo: Richemont Johann Rupert, the chairman of Compagnie Financière Richemont, which is renowned for luxury brands like Cartier and Montblanc, continues to solidify his status as one of Africa’s wealthiest individuals. His fortune has experienced a significant surge, increasing by 39% to reach $14 billion, making it the second-largest gain among African billionaires. Since 2022, Rupert has held his position as the second-richest African, a testament to his enduring influence and leadership in the luxury goods sector. #1. Aliko Dangote ($23.9 billion) – Nigeria (Manufacturing) Photo: The CEO Magazine Aliko Dangote, Africa’s richest billionaire for the 14th consecutive year, has seen his net worth skyrocket to $23.9 billion, up from $13.9 billion in 2024. This remarkable growth can largely be attributed to the successful launch of his oil refinery on the outskirts of Lagos, which began operations in early 2024 and is set to reach full capacity in April 2025. The refinery’s success represents a transformative moment for Nigeria, positioning the country to export refined petroleum products and reduce its dependency on imports. In addition to his accomplishments in oil, Dangote’s diversified conglomerate continues to dominate Africa’s cement, sugar, and flour production industries. For the latest in fashion, lifestyle, and culture, follow us on Instagram @StyleRave_—Read Also !function(f,b,e,v,n,t,s) if(f.fbq)return;n=f.fbq=function()n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments); if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)(window, document,'script', ' fbq('init', '496558104568102'); fbq('track', 'PageView'); !function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n; n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window, document,'script',' fbq('init', '1453079628754066'); fbq('track', "PageView"); Source link

[chilimili212]

Africa’s billionaires have reached an impressive milestone, with their collective fortune now surpassing $100 billion for the first time. A total of 22 individuals have secured spots on Forbes’ 2025 Billionaires List, marking a remarkable leap from last year’s total of $82.4 billion. This surge in wealth is particularly striking given the continent’s ongoing economic challenges, ranging from currency fluctuations and political instability to shifting consumer markets. Yet, Africa’s wealthiest have managed to thrive, leveraging strategic investments, tapping into global market trends, and capitalizing on resilient industries. Leading the pack once again is Nigeria’s Aliko Dangote, who has held the title of Africa’s richest man for an astounding 14th consecutive year. He is joined by prominent figures such as South African luxury magnate Johann Rupert and Egyptian construction mogul Nassef Sawiris. While some billionaires made a powerful comeback this year, others faced financial setbacks. Below is the full list, ranked in ascending order of wealth. Here are the Africans who made Forbes’ 2025 Billionaires list… #22. Strive Masiyiwa ($1.2 Billion) – Zimbabwe (Telecom) Photo: Gates Foundation Strive Masiyiwa, the founder of Econet Wireless, remains Zimbabwe’s wealthiest individual, despite facing a recent financial dip. His fortune was significantly impacted by Zimbabwe’s decision to replace its currency with the gold-backed ZiG, which led to economic instability. Nevertheless, Masiyiwa’s telecommunications empire, which spans multiple African nations, continues to expand, offering mobile services, broadband, and financial solutions. Beyond his business success, Masiyiwa is also known for his philanthropic efforts, particularly in supporting education initiatives across the continent. #21. Yasseen Mansour ($1.2 Billion) – Egypt (Diversified) Photo: Forbes Middle East Yasseen Mansour is one of the three billionaire brothers behind Egypt’s Mansour Group, a diversified multinational corporation. His wealth is rooted in the group’s expansive portfolio, which spans consumer goods, automotive distribution, and real estate. As the exclusive distributor of Caterpillar machinery in Egypt and several other African markets, the Mansour Group holds a commanding presence. Additionally, Yasseen has made strategic investments in luxury real estate projects in both Egypt and Europe, further bolstering his financial empire. #20. Youssef Mansour ($1.4 Billion) – Egypt (Diversified) Photo: Afrique Buzz The eldest of the Mansour brothers, Youssef Mansour, oversees the group’s retail and distribution sector. A key architect of the company’s expansion, he has spearheaded partnerships with global giants like General Motors and McDonald’s, significantly broadening the group’s footprint. Youssef’s fortune has flourished alongside Egypt’s growing consumer market, with the Mansour Group’s increasing influence solidifying its dominant role in North Africa’s economy. #19. Christoffel Wiese ($1.5 Billion) – South Africa (Fashion & Retail) Photo: Forbes Christoffel Wiese, a retail mogul, has amassed significant wealth through his investments in Shoprite and Pepkor, cementing his position as one of South Africa’s wealthiest individuals. While his fortune took a hit following the collapse of Steinhoff International in 2017, Wiese has made a remarkable recovery. His retail empire remains resilient, continuing to serve millions of consumers across Africa with affordable goods and services. #18. Femi Otedola ($1.5 Billion) – Nigeria (Energy) Photo: FBN Holdings Plc. Femi Otedola stands as one of Nigeria’s most influential businessmen, with his fortune largely derived from the energy sector. As the chairman of Geregu Power Plc, Nigeria’s first publicly listed power generation company, Otedola has seen his wealth rise, especially with the recent surge in Geregu’s stock. In addition to his energy investments, he has expanded his portfolio into financial services, real estate, and philanthropy, further solidifying his position as a prominent figure in both business and charitable efforts. #17. Jannie Mouton & Family ($1.5 Billion) – South Africa (Finance & Investments) Photo: MoneyWeb Jannie Mouton, the visionary founder of PSG Group, has reclaimed his spot among Africa’s billionaires, marking a remarkable financial resurgence. His wealth surged following a 59% rise in the stock price of Capitec Bank, one of South Africa’s most successful and innovative banking institutions. Beyond banking, Mouton’s investment firm maintains strategic interests in agribusiness, education, and private equity, reinforcing his influence in South Africa’s evolving financial landscape. #16. Aziz Akhannouch & Family ($1.5 Billion) – Morocco (Diversified) Photo: AFSIC Aziz Akhannouch, Morocco’s prime minister and a powerhouse in business, has amassed his fortune through Akwa Group, a dominant player in North Africa’s energy and gas sector. As Morocco continues to expand its energy infrastructure and oil distribution networks, his wealth has steadily grown. Despite his political responsibilities, Akhannouch remains one of the region’s most influential and strategic business leaders. #15. Anas Sefrioui & Family ($1.6 Billion) – Morocco (Real Estate) Photo: Forbes Middle East Anas Sefrioui, a real estate mogul, has made a striking comeback to the billionaire ranks this year. His company, Douja Promotion Groupe Addoha, experienced a surge in stock value, more than doubling due to a spike in home sales across Morocco. Sefrioui’s expertise in affordable housing has solidified his status as a driving force in Morocco’s urban development, catering to the country’s growing demand for residential spaces. #14. Othman Benjelloun & Family ($1.6 Billion) – Morocco (Finance & Investments) Photo: Forbes Middle East Othman Benjelloun, a powerhouse in Morocco’s financial sector, has built his fortune through BMCE Bank, one of the country’s largest financial institutions. Beyond banking, his wealth extends into insurance, telecommunications, and infrastructure investments across Africa. A visionary leader, Benjelloun has been instrumental in expanding financial services throughout the continent, strengthening Morocco’s position as a key player in African banking. #13. Michiel Le Roux ($2.2 Billion) – South Africa (Finance & Investments) Photo: Business Empire Michiel Le Roux, the visionary founder of Capitec Bank, has transformed South Africa’s banking landscape by providing low-cost, accessible financial services to millions. His innovative approach to retail banking has made Capitec one of the country’s most profitable financial institutions. As the bank’s market value continues to climb, so does Le Roux’s fortune, solidifying his place among Africa’s wealthiest individuals. #12. Mohammed Dewji ($2.2 Billion) – Tanzania (Diversified) Photo: The World Economic Forum Forty-four-year-old Mohammed Dewji, Africa’s youngest billionaire, leads METL Group, a Tanzanian powerhouse with diverse interests in manufacturing, agriculture, and distribution. Operating in over 11 countries, his business empire continues to drive industrial growth across Tanzania and beyond. Beyond his corporate success, Dewji is also a dedicated philanthropist, channeling substantial funds into education and healthcare initiatives to uplift communities. #11. Issad Rebrab & Family ($3 Billion) – Algeria (Food & Beverage) Photo: Forbes Middle East Issad Rebrab, Algeria’s richest man, is the founder of Cevital, the country’s largest privately owned conglomerate. With a strong foothold in food processing, retail, and industrial equipment manufacturing, Cevital has solidified its dominance in the Algerian market. Rebrab’s strategic investments in European food processing companies have further expanded his wealth, reinforcing his position as one of Africa’s most influential business leaders. #10. Patrice Motsepe ($3 Billion) – South Africa (Metals & Mining) Photo: Britannica Patrice Motsepe, the founder of African Rainbow Minerals, has built his fortune through strategic investments in the mining sector, particularly in gold and platinum. Beyond mining, he has expanded his business empire into banking and sports management. As the current president of the Confederation of African Football (CAF), Motsepe plays a crucial role in shaping the future of African football while continuing to grow his wealth through lucrative ventures. #9. Mohamed Mansour ($3.4 Billion) – Egypt (Diversified) Photo: Business Empires Mohamed Mansour, the third of the Mansour brothers, is a key figure in Egypt’s business landscape. He oversees a diverse portfolio spanning construction, retail, and automotive industries. Under his leadership, the Mansour Group has secured exclusive distribution rights for General Motors in multiple African countries, solidifying its dominance in the region’s automotive market. #8. Koos Bekker ($3.4 billion) – South Africa (Media & Entertainment) Photo: AFSIC Koos Bekker is celebrated for transforming Naspers into a global e-commerce giant and media powerhouse. His visionary leadership led Naspers to make a game-changing investment in Tencent, the Chinese internet and entertainment behemoth, a move that skyrocketed the company’s—and Bekker’s—wealth. His sharp acumen in media and technology investments continues to cement his status as one of Africa’s most influential billionaires. #7. Naguib Sawiris ($5 Billion) – Egypt (Telecom) Photo: Arab Thought Naguib Sawiris built his fortune in telecommunications and later expanded into gold mining and media. His strategic investments in global tech startups and luxury real estate have ensured his continued position among Africa’s wealthiest billionaires. Sawiris’ ability to diversify and adapt has solidified his influence in both the African and global business landscapes. #6. Abdulsamad Rabiu ($5.1 Billion) – Nigeria (Diversified) Photo: Nairametrics Abdulsamad Rabiu is the founder of BUA Group, a leading force in Nigeria’s cement, sugar, and real estate sectors. Through continued expansion in infrastructure and industrial production, BUA Group has played a key role in boosting Rabiu’s fortune. His strategic investments in various industries have positioned him as one of Nigeria’s wealthiest and most influential business figures. #5. Mike Adenuga ($6.8 billion) – Nigeria (Diversified) Photo: Enterpreneures.ng Mike Adenuga is the founder of Globacom, Nigeria’s second-largest telecommunications operator, which has expanded its reach across West Africa. In addition to telecom, Adenuga has substantial investments in the oil sector through his stake in Conoil, as well as extensive real estate holdings. His diverse portfolio of successful ventures has been pivotal in his rise to wealth, cementing his place as one of Nigeria’s most influential business magnates. #4. Nassef Sawiris ($9.6 billion) – Egypt (Construction & Engineering) Photo: Bloomberg Nassef Sawiris, a scion of Egypt’s wealthiest family, has built a vast fortune through strategic investments in industries such as construction, chemicals, and sports. Notably, he holds substantial stakes in OCI N.V., a leading global nitrogen fertilizer producer, as well as in Adidas, which has further bolstered his wealth. Additionally, Sawiris’ diversified portfolio and keen investment strategies have not only strengthened his financial standing but also solidified his position as one of Africa’s wealthiest and most influential figures. #3. Nicky Oppenheimer & Family ($10.4 billion) – South Africa (Metals & Mining) Photo: Robert Tshabalala Nicky Oppenheimer, heir to the De Beers diamond fortune, is a prominent figure in both the business and conservation worlds. His family’s legacy in the global diamond trade was solidified for decades until 2012, when Oppenheimer sold his family’s 40% stake in De Beers for a staggering $5.1 billion. Beyond his business acumen, Oppenheimer is deeply committed to environmental conservation, with significant efforts in preserving nature through the establishment of nature reserves across Africa. This dual focus on business and environmental stewardship highlights his enduring influence and legacy. #2. Johann Rupert & Family ($14.0 billion) – South Africa (Fashion & Retail) Photo: Richemont Johann Rupert, the chairman of Compagnie Financière Richemont, which is renowned for luxury brands like Cartier and Montblanc, continues to solidify his status as one of Africa’s wealthiest individuals. His fortune has experienced a significant surge, increasing by 39% to reach $14 billion, making it the second-largest gain among African billionaires. Since 2022, Rupert has held his position as the second-richest African, a testament to his enduring influence and leadership in the luxury goods sector. #1. Aliko Dangote ($23.9 billion) – Nigeria (Manufacturing) Photo: The CEO Magazine Aliko Dangote, Africa’s richest billionaire for the 14th consecutive year, has seen his net worth skyrocket to $23.9 billion, up from $13.9 billion in 2024. This remarkable growth can largely be attributed to the successful launch of his oil refinery on the outskirts of Lagos, which began operations in early 2024 and is set to reach full capacity in April 2025. The refinery’s success represents a transformative moment for Nigeria, positioning the country to export refined petroleum products and reduce its dependency on imports. In addition to his accomplishments in oil, Dangote’s diversified conglomerate continues to dominate Africa’s cement, sugar, and flour production industries. 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Africa’s billionaires have reached an impressive milestone, with their collective fortune now surpassing $100 billion for the first time. A total of 22 individuals have secured spots on Forbes’ 2025 Billionaires List, marking a remarkable leap from last year’s total of $82.4 billion. This surge in wealth is particularly striking given the continent’s ongoing economic challenges, ranging from currency fluctuations and political instability to shifting consumer markets. Yet, Africa’s wealthiest have managed to thrive, leveraging strategic investments, tapping into global market trends, and capitalizing on resilient industries. Leading the pack once again is Nigeria’s Aliko Dangote, who has held the title of Africa’s richest man for an astounding 14th consecutive year. He is joined by prominent figures such as South African luxury magnate Johann Rupert and Egyptian construction mogul Nassef Sawiris. While some billionaires made a powerful comeback this year, others faced financial setbacks. Below is the full list, ranked in ascending order of wealth. Here are the Africans who made Forbes’ 2025 Billionaires list… #22. Strive Masiyiwa ($1.2 Billion) – Zimbabwe (Telecom) Photo: Gates Foundation Strive Masiyiwa, the founder of Econet Wireless, remains Zimbabwe’s wealthiest individual, despite facing a recent financial dip. His fortune was significantly impacted by Zimbabwe’s decision to replace its currency with the gold-backed ZiG, which led to economic instability. Nevertheless, Masiyiwa’s telecommunications empire, which spans multiple African nations, continues to expand, offering mobile services, broadband, and financial solutions. Beyond his business success, Masiyiwa is also known for his philanthropic efforts, particularly in supporting education initiatives across the continent. #21. Yasseen Mansour ($1.2 Billion) – Egypt (Diversified) Photo: Forbes Middle East Yasseen Mansour is one of the three billionaire brothers behind Egypt’s Mansour Group, a diversified multinational corporation. His wealth is rooted in the group’s expansive portfolio, which spans consumer goods, automotive distribution, and real estate. As the exclusive distributor of Caterpillar machinery in Egypt and several other African markets, the Mansour Group holds a commanding presence. Additionally, Yasseen has made strategic investments in luxury real estate projects in both Egypt and Europe, further bolstering his financial empire. #20. Youssef Mansour ($1.4 Billion) – Egypt (Diversified) Photo: Afrique Buzz The eldest of the Mansour brothers, Youssef Mansour, oversees the group’s retail and distribution sector. A key architect of the company’s expansion, he has spearheaded partnerships with global giants like General Motors and McDonald’s, significantly broadening the group’s footprint. Youssef’s fortune has flourished alongside Egypt’s growing consumer market, with the Mansour Group’s increasing influence solidifying its dominant role in North Africa’s economy. #19. Christoffel Wiese ($1.5 Billion) – South Africa (Fashion & Retail) Photo: Forbes Christoffel Wiese, a retail mogul, has amassed significant wealth through his investments in Shoprite and Pepkor, cementing his position as one of South Africa’s wealthiest individuals. While his fortune took a hit following the collapse of Steinhoff International in 2017, Wiese has made a remarkable recovery. His retail empire remains resilient, continuing to serve millions of consumers across Africa with affordable goods and services. #18. Femi Otedola ($1.5 Billion) – Nigeria (Energy) Photo: FBN Holdings Plc. Femi Otedola stands as one of Nigeria’s most influential businessmen, with his fortune largely derived from the energy sector. As the chairman of Geregu Power Plc, Nigeria’s first publicly listed power generation company, Otedola has seen his wealth rise, especially with the recent surge in Geregu’s stock. In addition to his energy investments, he has expanded his portfolio into financial services, real estate, and philanthropy, further solidifying his position as a prominent figure in both business and charitable efforts. #17. Jannie Mouton & Family ($1.5 Billion) – South Africa (Finance & Investments) Photo: MoneyWeb Jannie Mouton, the visionary founder of PSG Group, has reclaimed his spot among Africa’s billionaires, marking a remarkable financial resurgence. His wealth surged following a 59% rise in the stock price of Capitec Bank, one of South Africa’s most successful and innovative banking institutions. Beyond banking, Mouton’s investment firm maintains strategic interests in agribusiness, education, and private equity, reinforcing his influence in South Africa’s evolving financial landscape. #16. Aziz Akhannouch & Family ($1.5 Billion) – Morocco (Diversified) Photo: AFSIC Aziz Akhannouch, Morocco’s prime minister and a powerhouse in business, has amassed his fortune through Akwa Group, a dominant player in North Africa’s energy and gas sector. As Morocco continues to expand its energy infrastructure and oil distribution networks, his wealth has steadily grown. Despite his political responsibilities, Akhannouch remains one of the region’s most influential and strategic business leaders. #15. Anas Sefrioui & Family ($1.6 Billion) – Morocco (Real Estate) Photo: Forbes Middle East Anas Sefrioui, a real estate mogul, has made a striking comeback to the billionaire ranks this year. His company, Douja Promotion Groupe Addoha, experienced a surge in stock value, more than doubling due to a spike in home sales across Morocco. Sefrioui’s expertise in affordable housing has solidified his status as a driving force in Morocco’s urban development, catering to the country’s growing demand for residential spaces. #14. Othman Benjelloun & Family ($1.6 Billion) – Morocco (Finance & Investments) Photo: Forbes Middle East Othman Benjelloun, a powerhouse in Morocco’s financial sector, has built his fortune through BMCE Bank, one of the country’s largest financial institutions. Beyond banking, his wealth extends into insurance, telecommunications, and infrastructure investments across Africa. A visionary leader, Benjelloun has been instrumental in expanding financial services throughout the continent, strengthening Morocco’s position as a key player in African banking. #13. Michiel Le Roux ($2.2 Billion) – South Africa (Finance & Investments) Photo: Business Empire Michiel Le Roux, the visionary founder of Capitec Bank, has transformed South Africa’s banking landscape by providing low-cost, accessible financial services to millions. His innovative approach to retail banking has made Capitec one of the country’s most profitable financial institutions. As the bank’s market value continues to climb, so does Le Roux’s fortune, solidifying his place among Africa’s wealthiest individuals. #12. Mohammed Dewji ($2.2 Billion) – Tanzania (Diversified) Photo: The World Economic Forum Forty-four-year-old Mohammed Dewji, Africa’s youngest billionaire, leads METL Group, a Tanzanian powerhouse with diverse interests in manufacturing, agriculture, and distribution. Operating in over 11 countries, his business empire continues to drive industrial growth across Tanzania and beyond. Beyond his corporate success, Dewji is also a dedicated philanthropist, channeling substantial funds into education and healthcare initiatives to uplift communities. #11. Issad Rebrab & Family ($3 Billion) – Algeria (Food & Beverage) Photo: Forbes Middle East Issad Rebrab, Algeria’s richest man, is the founder of Cevital, the country’s largest privately owned conglomerate. With a strong foothold in food processing, retail, and industrial equipment manufacturing, Cevital has solidified its dominance in the Algerian market. Rebrab’s strategic investments in European food processing companies have further expanded his wealth, reinforcing his position as one of Africa’s most influential business leaders. #10. Patrice Motsepe ($3 Billion) – South Africa (Metals & Mining) Photo: Britannica Patrice Motsepe, the founder of African Rainbow Minerals, has built his fortune through strategic investments in the mining sector, particularly in gold and platinum. Beyond mining, he has expanded his business empire into banking and sports management. As the current president of the Confederation of African Football (CAF), Motsepe plays a crucial role in shaping the future of African football while continuing to grow his wealth through lucrative ventures. #9. Mohamed Mansour ($3.4 Billion) – Egypt (Diversified) Photo: Business Empires Mohamed Mansour, the third of the Mansour brothers, is a key figure in Egypt’s business landscape. He oversees a diverse portfolio spanning construction, retail, and automotive industries. Under his leadership, the Mansour Group has secured exclusive distribution rights for General Motors in multiple African countries, solidifying its dominance in the region’s automotive market. #8. Koos Bekker ($3.4 billion) – South Africa (Media & Entertainment) Photo: AFSIC Koos Bekker is celebrated for transforming Naspers into a global e-commerce giant and media powerhouse. His visionary leadership led Naspers to make a game-changing investment in Tencent, the Chinese internet and entertainment behemoth, a move that skyrocketed the company’s—and Bekker’s—wealth. His sharp acumen in media and technology investments continues to cement his status as one of Africa’s most influential billionaires. #7. Naguib Sawiris ($5 Billion) – Egypt (Telecom) Photo: Arab Thought Naguib Sawiris built his fortune in telecommunications and later expanded into gold mining and media. His strategic investments in global tech startups and luxury real estate have ensured his continued position among Africa’s wealthiest billionaires. Sawiris’ ability to diversify and adapt has solidified his influence in both the African and global business landscapes. #6. Abdulsamad Rabiu ($5.1 Billion) – Nigeria (Diversified) Photo: Nairametrics Abdulsamad Rabiu is the founder of BUA Group, a leading force in Nigeria’s cement, sugar, and real estate sectors. Through continued expansion in infrastructure and industrial production, BUA Group has played a key role in boosting Rabiu’s fortune. His strategic investments in various industries have positioned him as one of Nigeria’s wealthiest and most influential business figures. #5. Mike Adenuga ($6.8 billion) – Nigeria (Diversified) Photo: Enterpreneures.ng Mike Adenuga is the founder of Globacom, Nigeria’s second-largest telecommunications operator, which has expanded its reach across West Africa. In addition to telecom, Adenuga has substantial investments in the oil sector through his stake in Conoil, as well as extensive real estate holdings. His diverse portfolio of successful ventures has been pivotal in his rise to wealth, cementing his place as one of Nigeria’s most influential business magnates. #4. Nassef Sawiris ($9.6 billion) – Egypt (Construction & Engineering) Photo: Bloomberg Nassef Sawiris, a scion of Egypt’s wealthiest family, has built a vast fortune through strategic investments in industries such as construction, chemicals, and sports. Notably, he holds substantial stakes in OCI N.V., a leading global nitrogen fertilizer producer, as well as in Adidas, which has further bolstered his wealth. Additionally, Sawiris’ diversified portfolio and keen investment strategies have not only strengthened his financial standing but also solidified his position as one of Africa’s wealthiest and most influential figures. #3. Nicky Oppenheimer & Family ($10.4 billion) – South Africa (Metals & Mining) Photo: Robert Tshabalala Nicky Oppenheimer, heir to the De Beers diamond fortune, is a prominent figure in both the business and conservation worlds. His family’s legacy in the global diamond trade was solidified for decades until 2012, when Oppenheimer sold his family’s 40% stake in De Beers for a staggering $5.1 billion. Beyond his business acumen, Oppenheimer is deeply committed to environmental conservation, with significant efforts in preserving nature through the establishment of nature reserves across Africa. This dual focus on business and environmental stewardship highlights his enduring influence and legacy. #2. Johann Rupert & Family ($14.0 billion) – South Africa (Fashion & Retail) Photo: Richemont Johann Rupert, the chairman of Compagnie Financière Richemont, which is renowned for luxury brands like Cartier and Montblanc, continues to solidify his status as one of Africa’s wealthiest individuals. His fortune has experienced a significant surge, increasing by 39% to reach $14 billion, making it the second-largest gain among African billionaires. Since 2022, Rupert has held his position as the second-richest African, a testament to his enduring influence and leadership in the luxury goods sector. #1. Aliko Dangote ($23.9 billion) – Nigeria (Manufacturing) Photo: The CEO Magazine Aliko Dangote, Africa’s richest billionaire for the 14th consecutive year, has seen his net worth skyrocket to $23.9 billion, up from $13.9 billion in 2024. This remarkable growth can largely be attributed to the successful launch of his oil refinery on the outskirts of Lagos, which began operations in early 2024 and is set to reach full capacity in April 2025. The refinery’s success represents a transformative moment for Nigeria, positioning the country to export refined petroleum products and reduce its dependency on imports. In addition to his accomplishments in oil, Dangote’s diversified conglomerate continues to dominate Africa’s cement, sugar, and flour production industries. 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