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Top 15 Richest Men in Africa (Forbes Ranking 2021)

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Richest Men in Africa

To be named among the richest men in Africa on Forbes magazine you have to be a billionaire with transparent business and investment portfolios and assets worth millions in value. Here today, we would review the profile of the top 15 Billionaires in Africa in 2020 as published by Forbes Magazine. Africa is waking up every day to realize it’s potentials. A lot of rich and mighty men are made in this continent called Africa. In recent, many Billionaires have sprung up from Africa, most of these billionaires are businessmen with great business ideas. Many believe that the business of these billionaires is the major drive of the African economy. Most of them owns companies with several branches spread across Africa and the world at large. The richest man in Africa is Aliko Dangote,he’s a Nigerian and one of the most populous Businessmen in Africa. A few years ago he emerged as the Richest in Africa and since he maintains the top spot.

Forbes Richest Men in Africa

Join me as I count down the 15 wealthiest men in the continent of Africa in 2020 according to Forbes in 2020.

1. Aliko Dangote ($10.3 billion dollars net worth)

Aliko Dangote is a Nigeria born citizen. He was born on the 10th of April 1957, in Kano, Kano State, Nigeria. He’s a multi-billionaire and a business investor. Dangote net worth is around $10.3 Billion dollars. He has Spread his Franchises across most African countries. No doubt Aliko Dangote is the richest man in Africa.

2. Mike Adenuga ($9.2 billion net worth)

His full name is Michael Adeniyi Agbolade Ishola Adenuga Jr, GCON. He’s the second richest man in Africa. The popular Micheal Adenuga is a Nigerian born billionaire and a businessman, who was born on the 29th of April 1953 in Ibadan, Oyo State, Nigeria. He owns the second largest telecom company in Nigeria named (Globacom). Among several businesses, he has shares in the Equitorial Trust Bank and Conoil. His net worth is around $9.2 billion US dollars in 2020.

3. Nicky Oppenheimer ($7.3 billion net worth)

His full name is Nicholas F. Oppenheimer. His known as Nicky in South African. He is one of the most rated businessmen in Africa. Nicky is the third richest man in Africa with his net worth around $7.3 billion dollars. Nicky Oppenheimer was born on 8 June 1945 in South Africa. Nicky was the former chairman of De Beers diamond mining company and former deputy chairman of Anglo American. He is the third richest African.

4. Nassef Sawiris ($6.3 billion net worth)

Nassef Onsi Sawiris is the fourth richest billionaire in Africa. Nassef is an Egyptian born businessman with a net worth of about $6.3 billion dollars. He was born in 1961 in Egypt. Forbes rated him fourth richest man in Africa in 2019. Nassef Sawiris became the Ceo of Aston Villa after he acquires 45% of the club shares. He majorly invested in Orascom Construction Company and also has shares in Nile Holding Investment, Besix, Adidas AG, and many more.

5. Johann Rupert ($6.7 billion net worth)

Johann Peter Rupert is a South Africa based entrepreneur, he was born in South Africa on 1st June 1950 in Stellenbosch, South Africa. Johann Peter’s net worth is approximated to $6.7 Billion dollars. His father is Anton Rupert a popular business mogul. Peter is the chairman of Remgro and south Africa Swiss-based luxury-goods company Richemont. Johann Rupert is a lover of sport and formerly plays cricket.

6. Issad Regrab ($3.9 billion net worth)

Issad Rebrab is an Algerian born business mogul and Ceo of The Cevital industrial group. Issad was born in 1944 in Algeria. He owns the largest private company with $3.9 billion dollars Net worth in Africa. He’s the chief Executive distributor for Hyundai, Europcar, and Samsung in Algeria.

7. Naguib Sawiris ($3 billion net worth)

His full name is Naguib Onsi Sawiris. He was born on 17 June 1955 in Cairo. Naguib is an Egyptian based billionaire and businessman with a lot of business establishments. He’s the chairman of Weather Investments’ parent company, and Orascom Telecom Media and Technology Holding S.A.E. too. Naguib Sawiri’s net worth is around $3 billion dollars.

8. Koos Becker ($2.5 billion net worth)

His full name is Jacobus Petrus Koos Bekker. Koos is a South African based billionaire with several business investments. He was born on 14 December 1952 in Potchefstroom, South Africa. He’s the chairman of media group Naspers which has the largest market capitalization of any media company besides the United States and China. Koos Becker’s net worth is $2.5 billion dollars.

9. Mohamed Mansour ($3.3 billion net worth)

Mohamed Mansour is an Egyptian based entrepreneur. Mohamed is a popular businessman and politician. He was born in 1948 in Egypt, Egypt. His net worth is $3.3 billion dollars. Mohamed is the chairman of Mansour Group the second largest company in Egypt by revenue. Mohamed Mansour is a major distributor for top automated companies like Chevrolet, Marlboro, General Motors and Caterpillar.

10. Patrice Motsepe ($2.5 billion net worth)

His full name is Patrice Tlhopane Motsepe. His a South African born businessman and a billionaire. He. Was born on 28 January 1962 in Ga-Rankuwa, South Africa. His net worth is around $2.5 billion dollars. Patrice Motsepe majorly invests in mining and is the founder and the chairman of African Rainbow Minerals, which majorly deals with gold, ferrous metals, base metals, and platinum.

11. Strive Masiyiwa ($2.5 billion net worth)

Strive Masiyiwa is a Zimbabwean born and a London-based billionaire. Strive is a popular philanthropist and business mogul. He is the founder and executive chairman of Econet Wireless. He was born in 1961 in Zimbabwe. His net worth is around $2.5 billion dollars.

12. Aziz Akhannouch ($2.1 billion net worth)

He was born in 1961 in Tafraoute, Morocco. His net worth is around $1.7 billion dollars. Aziz Akhannouch is a businessman and emerges the Minister of Agriculture in his country in 2017 till date. Aziz is the richest man in his home country and the 12th wealthiest man in Africa. His the CEO of Akwa Group, a Moroccan oil, and gas company.

13. Mohammed Dewji ($1.9 billion net worth)

Mohammed Dewji is a Tanzanian born billionaire and a businessman. Mohammed is formerly a politician and a popular philanthropist. Mohammed Dewji is the 13th richest man in Africa with a net worth approximately $1.9 billion dollars. He is the owner of Mohammed Enterprises Tanzania Limited (MeTL) Group. According to Forbes Mohammed is the only Billionaire in Tanzania.

14. Othman Benjelloun ($1.7 billion net worth)

Othman Benjelloun was born in the city of Fez, Morocco in 1931. Othman is the 14th richest man in Africa with a net worth of about $1.7 billion dollars. He took over his father’s shares in an insurance company and ultimately took over that company in 1988. Othman Benjelloun owns a banking enterprise named BMCE bank with over 20 branches across Africa.

15. Abdulsamad Rabiu ($1.6 billion net worth)

Abdulsamad Rabiu is the founder of BUA Group, a Nigerian Company known for several productions. Abdulsamad Rabiu is the 15th Richest man in Africa with investments raging from cement production to sugar refining, real estate and a lot more.


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Breaking News: Youths Burn NDLEA Office and Storm Emir’s Palace in Kwara Over Rising Insecurity

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Youths Burn NDLEA Office, Storm Emir’s Palace in Kwara

In a dramatic escalation of frustration, youths in Lafiagi, a town in Kwara State, Nigeria, have taken to the streets, burning down the National Drug Law Enforcement Agency (NDLEA) office and invading the Emir’s palace. This unrest, unfolding on Monday, June 30, 2025, stems from growing anger over rampant abductions and a perceived lack of action from local authorities. The incident highlights a deepening crisis of insecurity that has gripped the region, with recent reports pointing to the kidnapping of a popular Point of Sale (POS) agent and other residents. As communities reel from these events, the question arises: what has driven this outburst, and what does it mean for the future of Kwara State?

The Spark Behind the Protests

The trouble began with the abduction of a well-known POS agent, identified as Yman, who was taken from Lafiagi town on Sunday night. Just hours later, two Hausa men were seized during a violent raid on the nearby Kokodo village. These incidents, part of a wave of kidnappings reported over the past weeks, have left families in despair and communities on edge. According to details shared by SaharaReporters, the enraged youths, tired of government silence, stormed the streets early Monday morning, demanding an end to the bloodshed and abductions.

Videos and photos circulating online show the extent of the damage, with the NDLEA office reduced to ashes and parts of the Emir’s palace vandalized. A resident spoke to SaharaReporters, voicing the collective frustration: people no longer sleep soundly, and despite repeated pleas, neither the governor nor local leaders have provided tangible solutions. This bottled-up anger, fueled by a series of terrorist attacks, has now boiled over into public protest.

A Region Under Siege

Kwara State, once seen as a relatively peaceful part of northern Nigeria, has recently become a hotspot for insecurity. The abductions in Lafiagi are not isolated incidents but part of a broader trend. Data from the Nigerian Watch database reveals a staggering 35 percent increase in kidnapping cases across northern Nigeria over the past year, with Kwara experiencing a noticeable uptick. The involvement of suspected Fulani bandits, who reportedly used motorcycles and superior firepower to overpower local vigilantes, adds to the complexity of the situation.

The kidnapping of a prominent agro-chemical dealer, Alhaji Chemical, just a day before the protests, further underscores the boldness of these attacks. Eyewitnesses described how heavily armed men stormed his residence in the Taiwo area, leaving the community in shock. With many victims still in captivity and families forced to pay hefty ransoms, the sense of helplessness is palpable.

The Role of Local Leadership

The invasion of the Emir’s palace signals a breakdown in trust between the community and its traditional rulers. The Emirate of Lafiagi, under new leadership since 2021, had aimed to foster development and attract investment, as noted in a detailed analysis by PRNigeria. However, the current wave of insecurity threatens to undo these efforts. Residents’ complaints suggest that neither the Emir nor local government officials have effectively addressed the rising tide of violence, leaving youths to take matters into their own hands.

This unrest also raises questions about the effectiveness of security agencies like the NDLEA. The agency, which recently celebrated progress in combating drug abuse in Kwara (as reported by AIT Live), now finds its office targeted, reflecting public disillusionment with its broader role in maintaining safety.

The Wider Context of Insecurity

The situation in Kwara mirrors a troubling pattern across Nigeria’s northern states. Neighboring regions like Niger and Kogi have reported significant loss of life due to armed gangs, as highlighted in a 2022 Guardian Nigeria article. The spread of insecurity, likened to a cancer that requires swift action, has now reached Kwara, with historical precedents like the 2014 Chibok schoolgirls kidnapping (detailed on Wikipedia) serving as a stark reminder of the challenges ahead. The recurring theme of banditry and abductions, often mischaracterized as isolated incidents, points to a deeper systemic issue that demands urgent attention.

Looking Ahead: What is Next for Kwara?

As the dust settles in Lafiagi, the focus shifts to how authorities will respond. The involvement of vigilantes and security operatives in rescue efforts offers a glimmer of hope, but without a coordinated strategy, the cycle of violence may continue. The protests serve as a wake-up call for the Kwara State government and national leaders to prioritize security and rebuild community trust.

For now, the people of Lafiagi wait anxiously, hoping for the safe return of their loved ones and an end to the terror that has disrupted their lives. The burning of the NDLEA office and the storming of the Emir’s palace may be just the beginning unless decisive action is taken.

Conclusion

The events in Kwara State on June 30, 2025, paint a troubling picture of a community pushed to its limits by rising insecurity. The abduction of residents, the destruction of public property, and the targeting of traditional leadership reflect a society in crisis. As Nigeria grapples with these challenges, the international community and local stakeholders must work together to address the root causes and restore peace. The future of Lafiagi and indeed Kwara State hangs in the balance.


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Peace Accord in Taraba State: Nigerian Army Facilitates Historic Fulani-Tiv Reconciliation

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Army Brokers Fulani and Tiv Peace Accord in Taraba

On June 23, 2025, a significant event unfolded in Taraba State, Nigeria, as the Nigerian Army brokered a peace accord between the Fulani and Tiv communities. Held at the 6 Brigade Headquarters in Jalingo, this initiative marks a shift toward non-kinetic conflict resolution, prioritizing dialogue over military force. With a history of ethnic clashes claiming hundreds of lives, this peace accord offers hope for lasting harmony in a region long plagued by violence. This article explores the details of this groundbreaking agreement, its implications, and the challenges ahead for sustainable peace in Taraba State.

The Background of Fulani-Tiv Conflict

The Fulani and Tiv communities in Taraba State have endured decades of tension, rooted in disputes over land, cattle grazing routes, and cultural differences. According to the Uppsala Conflict Data Program, over 200 conflict-related deaths have been recorded in Taraba since 2010, highlighting the severity of these clashes. Historically, such conflicts have been met with military interventions, often escalating rather than resolving the issues. The recent peace accord, facilitated by Brigadier General Kingsley Chidiebere Uwa of the 6 Brigade, represents a bold departure from this approach, focusing instead on bringing community leaders together to negotiate a truce.

This event took place against a backdrop of rising tensions, with longstanding disputes threatening to erupt into further violence. The involvement of local government officials, traditional rulers, and security representatives underscores the collaborative effort to address these deep-seated issues.

Details of the Peace Accord

The peace dialogue, convened on Monday, June 23, 2025, brought together key stakeholders, including the Chairman of Gassol Local Government Area, Hon. Abubakar Usman, and community elders. Brigadier General Uwa emphasized the importance of peace, stating that no society can thrive without it. He urged the communities to support security agencies with actionable intelligence and to avoid taking justice into their own hands, reinforcing the state’s constitutional authority.

After hours of discussion, the Fulani and Tiv representatives agreed to:

  • Maintain open communication
  • Refrain from shielding criminal elements
  • Work with authorities to prevent future conflicts

The meeting culminated in the formal signing of the peace accord, a symbolic step toward rebuilding trust. Hon. Usman praised the Nigerian Army’s dedication, calling the initiative a vital turning point for Gassol Local Government Area.

The Non-Kinetic Approach: A New Strategy

The Nigerian Army’s adoption of a non-kinetic strategy relies on dialogue and community engagement rather than military action. This aligns with broader trends in African peacebuilding. The African Union’s African Peace and Security Architecture, established in 2002, promotes such methods to address continental security challenges. This approach contrasts with past interventions, such as the 2019 Zamfara peace pact, which failed due to lack of local government support and enforcement.

By focusing on reconciliation, the Taraba peace accord mirrors traditional conflict resolution methods, like those used in the Kom community of Cameroon, where emphasis is placed on restoring social harmony rather than punishment. However, this strategy raises questions about accountability, as no specific measures were outlined to address past perpetrators, a critical factor in ensuring long-term success.

Challenges and Prospects for Peace

While the peace accord is a promising development, its success hinges on several factors:

  • Historical Precedents: Past agreements have often broken down, suggesting that sustained commitment from both communities and enforcement by authorities will be essential.
  • Lack of a Clear Justice Mechanism: This could undermine trust, particularly among victims seeking redress for past losses.

On the positive side, the involvement of local leaders and the army’s ongoing support offer a strong foundation. The initiative’s timing, amid heightened tensions, indicates a proactive effort to prevent further escalation. If supported by economic development and community programs, this accord could pave the way for a more stable Taraba State.

Conclusion

The peace accord between the Fulani and Tiv communities in Taraba State marks a historic moment in Nigeria’s approach to ethnic conflicts. Facilitated by the Nigerian Army’s 6 Brigade, this non-kinetic strategy highlights the power of dialogue in resolving deep-rooted disputes. While challenges remain, particularly around justice and enforcement, the commitment of local leaders and the military provides a glimmer of hope. As Taraba moves forward, the success of this peace accord could serve as a model for other conflict zones across Nigeria and beyond.


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Nigerian Police Threaten Nationwide Strike Over Pension Scheme Issues

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Nigerian Police Threaten Strike Over Pension Problems

The Nigerian Police Force, a critical pillar of the nation’s security with over 300,000 personnel, is on the brink of a historic move. Officers have issued a bold ultimatum to the government, threatening a nationwide strike if their demands for pension reform are not met by the end of July 2025. At the heart of this unrest is dissatisfaction with the Contributory Pension Scheme (CPS), introduced in 2004, which officers describe as inadequate.

They are pushing for a switch to the Defined Benefits Scheme, a model already in place for the military and agencies like the Economic and Financial Crimes Commission (EFCC). As the deadline approaches, the potential for a nationwide strike looms large, raising concerns about its impact on national security and the broader economy.

The Root of the Discontent: The Contributory Pension Scheme

The Contributory Pension Scheme, established under the 2004 Pension Reform Act, replaced the older Defined Benefits Scheme. Under this system, both employers and employees contribute to a Retirement Savings Account managed by private Pension Fund Administrators.

The goal was to create a more sustainable pension framework. However, many Nigerian Police officers argue that it leaves them financially vulnerable after retirement. Unlike the Defined Benefits Scheme, which guarantees a fixed pension based on years of service and salary, the CPS depends on market performance and contributions, offering less predictability.

Efforts to address these concerns gained traction in 2022 and 2023, with legislative proposals aiming to exempt the police from the CPS. Despite this momentum, no substantial changes have been implemented. The frustration has now boiled over, with officers publicly calling for urgent action from President Tinubu’s administration.

Economic Pressures Fueling the Crisis

The timing of this nationwide strike threat coincides with ongoing economic challenges in Nigeria. The removal of the fuel subsidy in 2023, a decision made under President Tinubu’s leadership, aimed to redirect savings into other sectors. However, reports suggest that these funds have not been effectively channeled into social programs or welfare support for public servants, including the police. This economic strain has likely amplified the officers’ grievances, as rising living costs make the current pension scheme even less viable.

Without clear data on how the subsidy savings have been allocated, the government faces growing pressure to address the financial insecurities faced by its security forces. The Nigerian Police, already stretched thin by rising insecurity across various regions, now find themselves at a crossroads, balancing their duty to protect the nation with their own economic survival.

A Potential Security Crisis on the Horizon

A nationwide strike by the Nigerian Police could have far-reaching consequences. With over 300,000 personnel, the force is the largest security agency in the country, playing a vital role in maintaining order amid increasing regional instability. A shutdown of police operations, as threatened, could exacerbate existing security challenges, leaving communities vulnerable.

The officers’ ultimatum includes a stark warning: any colleague found working during the potential strike, set to begin on August 1, 2025, may face severe repercussions. This escalation underscores the depth of their frustration and the seriousness of their intent. As of now, neither the presidency nor the Ministry of Police Affairs has issued an official response, leaving the situation unresolved as the July deadline draws closer.

What Lies Ahead for Pension Reform and National Stability

The Nigerian Police’s demand for a shift to the Defined Benefits Scheme reflects a broader call for fairness and security in retirement planning. This issue extends beyond the police, potentially influencing other public sector workers under the CPS. For the Tinubu administration, addressing this crisis requires more than just promises—it demands actionable pension reform and transparent economic policies.

As tension builds within police ranks, the coming weeks will be critical. Will the government act to avert a nationwide strike and safeguard national security? Or will inaction lead to a breakdown in law enforcement that could destabilize the nation? The outcome of this standoff will shape the future of Nigeria’s security forces and the welfare of its officers for years to come.

For now, all eyes are on Abuja, where decisions made—or delayed—could determine whether the Nigerian Police remain a force for stability or a trigger for chaos.


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