Ocnus.Net
News Before It's News
About us | Ocnus? |

Front Page 
 
 Africa
 
 Analyses
 
 Business
 
 Dark Side
 
 Defence & Arms
 
 Dysfunctions
 
 Editorial
 
 International
 
 Labour
 
 Light Side
 
 Research
Search

Africa Last Updated: Dec 3, 2016 - 9:28:41 AM


Top 5 richest individuals or families in Francophone sub-Saharan Africa
By Forbes, 02 December 2016
Dec 3, 2016 - 9:27:46 AM

Email this article
 Printer friendly page

Forbes Africa in its December 2016-January 2017 edition published the second edition of its rankings of wealthiest individuals and families, in the Francophone part of sub-Saharan Africa, a region which is often forgotten in the world’s main rankings of wealthy individuals.

In the region which has “for long been ignored by economic press”, the richest person is Cameroonian Baba Danpullo with a wealth of $940 million, close to the billion. The former truck-driver now became rich by investing in various sectors such as telecom, agribusiness and real estate.

George For​r​est, head of Forrest, a firm that operates in the construction, cement, mining, banking, agrofood and renewable sectors in DR Congo, is second in the rankings. The wealth of the entrepreneur, who is of French origin, is estimated at $800 million.

Next is another Cameroonian, Paul Fokam Kammogne, with an estimated wealth of $690 million. He is the head of Afriland First Group which operates mainly in banking, microfinance, insurance, communication and real estate.

The Rawji’s, a family of Indian origin that came to DR Congo about a century ago, comes 4th in the rankings. Operating mainly in the banking (Rawbank), consumer goods distribution, automobile distribution and logistics, the family’s wealth is estimated at $630 million.

Closing the top five is French-Malgasy businessman Ylias Akbaraly, with an estimated wealth of $460 million. He is the head of Sipromad, a group which operates in sectors such as the industry, tourism, aviation, real estate, security, telecommunication and new technologies.


Source:Ocnus.net 2016

Top of Page

Africa
Latest Headlines
Freemasons/Gabon: US and Canadian lodges show up at Ali Bongo Ondimba’s inauguration
Interpol arrest warrant issued for Angolan billionaire Isabel dos Santos
Fourth time lucky? The challenge of demobilising rebels in DR Congo
Cameroon-South Africa: New revelations in the ‘Danpullo affair’
Hush Money Instead of Compensation
Nigeria: Dramatic Progress In The Wrong Direction
Forgotten history: The legacy of Indians expulsion from Uganda 50 years ago
Jihadism and military takeovers in West Africa: Burkina Faso coup highlights the links
Rwanda Fed False Intelligence to U.S. and Interpol As It Pursued Political Dissidents Abroad
Towards lasting solution to Nigeria-UAE impasse