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Buoyed by rising stock markets and commodity prices Africa''s billionaires are collectively wealthier than a year ago The 23 billionaires that Forbes found in Africa – up from 21 billionaires last year – are worth a combined 754 billion compared to 70 billion in January 2017
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That''s an increase from 53 billion a year ago thanks to upticks in the share price of several of his holdings shoemaker Adidas cement giant LaFarlcim and fertilizer maker OCI
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For the ninth year in a row Aliko Dangote of Nigeria is the richest person in Africa worth an estimated 101 billion down from 103 billion a year ago amid a slightly lower stock price for his Dangote Cement his largest holding The muchheralded oil refinery that Dangote is building in Nigeria is still at least a year away from completion
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For the ninth year in a row Aliko Dangote of Nigeria is the richest person in Africa worth an estimated 101 billion down from 103 billion a year ago amid a slightly lower stock price for his Dangote Cement his largest holding The muchheralded oil refinery that Dangote is building in Nigeria is still at least a year away from completion
Spread the love Trading under the African Continental Free Trade Agreement AfCFTA begins on July 1 The trade deal is expected to open the wider African market for local manufacturers creating a market of 12 billion people with a combined GDP of about 25 trillion However five months to its implementation manufacturers are cautiously optimistic
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