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Africa’s Richest Men and their Mantras

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Power and drive are two things business leaders seem to have in common.

Add an uncommon determination to succeed, and the extraordinary that pushes them to surpass expectations and do things others have not thought, or found the wit to do then you might might probably have all the ingredients that these geniuses embody.

The veritable Ventures Africa, Pan-African business magazine and news service, across the globe, entrepreneurs and business leaders are marked by their enviable managerial skills and intellectual capacity which they demonstrate.

According to Ventures Africa, no wonder when they as much as cough everyone pays apt attention: that split-second action of opening their lips could be some kind of code unlocking the next billion dollar opportunity.

In the Africa, the story is the same. From Cape to Cairo via Nairobi and the busy ports of Lagos, African has it fair share of dynamic business leaders who have not just built world-class businesses, but have positioned the continent’s economies for unprecedented growth and development. Ventures Africa takes a look at 21 ‘words of wisdom’ from some of Africa’s billionaire businessmen.
 
Johann Rupert, South Africa
Johann Rupert is one of South Africa’s richest people with an approximate net worth of $6.6 billion. Johann serves as Chairman of Richemont, Swiss -based luxury-goods company, as well as of Remgro, South Africa-based company.

However, Rupert’s wealth has grown an astonishing 30% recently, after he upgraded fortunes of his Swiss-based luxury goods outfit, Compagnie Financiere Richemont.
Quote: ‘‘I just want to be master of my own time. It is ironic that someone in the watch business should not be in control of his own time.’’

Christoffel Wiese, South Africa
Christoffel Wiese is a veteran business leader from South Africa with a net worth of $3.5 billion. Wiese is one of the richest people in South Africa.
Christoeffel Wiese serves as Chairman and the largest single shareholder of Shoprite, Africa’s biggest retailer, low-priced supermarket chain.

He is also the Executive Chairman of Pepkor, a chain of discount clothes, shoes and textiles, where he holds a large stake.
Quote: ‘‘Who else could have built a company we bought for R1 million into a company worth more than R100 billion today. To run a company with more than 100,000 employees in 17 countries, you have to be able to think on your feet.’’

Mike Adenuga, Nigeria
Mike Adenuga is a Nigerian business magnate whose net worth is estimated at $4.7 billion according to Forbes. Some quarters believe he is worth more than that. In 2006, he founded Globacom, the second largest mobile phone network in Nigeria.

With over 24 million customers in Nigeria, the company also operates in the Republic of Benin, where it recently acquired licenses to start businesses in Ghana and the Ivory Coast.

Adenuga’s Conoil Producing is considered to be one of the largest independent exploration companies in Nigeria, with a production capacity of 100,000 barrels of oil per day
Quote: ‘‘The harder you work, the luckier you get’’.

Mohammed Ibrahim, Sudan
Mohammed Ibrahim is a mobile communications entrepreneur. He is a respected international philanthropist, who is credited with ‘transforming the continent’ and is thought to be the ‘most powerful black man in Britain’.

 In 2007, he launched the Mo Ibrahim Prize for Achievement in African Leadership, which awards an initial prize of $5 million and an annual life payment of $200,000 to African Heads-of-State awardees. Past recipients of the award include Nelson Mandela and Olusegun Obasanjo.
Quote: ‘‘What do you do if you are an executive who resigns? You declare yourself a consultant’’.

Aliko Dangote, Nigeria
Nigeria’s Aliko Dangote is an industrialist currently worth $20 billion. He founded the Dangote Group which controls much of Nigeria’s commodities trade.

This business magnate and philanthropist referred to as ‘‘the golden child of Nigerian business circle’’ once drove a taxi cab on the streets of London to fund his education, three decades later, his consortium now spans across many sectors of the Nigerian economy and is expanding to the rest of Africa. He has retained his position as Africa’s richest man for the 3rd year in a row.
Quote: ‘‘If you give me $5 billion today, I will invest everything here in Nigeria. Let us put our heads together and work’’.

Naguib Sawiris, Egypt
Sawiris is a business man and politician. He was the executive chairman of the telecommunications companies Wind Telecom and Orascom Telecom Holding (OTH) before turning to politics in May 2017. OTH launched the first mobile operator in Egypt, Mobnil in 1998.
Quote: ‘‘I can tell you that I won’t sell Mobnil, they think because of this boycott, that I will get fed up and sell, it’s not in my character… I am not a quitter’’.

Stephen Saad, South Africa
Stephen Saad is a South African billionaire whose net worth is estimated at $1 billion. He is the co-founder of Aspen Pharmacare, South Africa’s leading publicly-traded drug manufacturer on the Johannesburg Stock Exchange
Quote: ‘‘In Life, you don’t get anywhere or do anything you hope to without some sort of sacrifice’’.

Isabel Dos Santos, Angola
Isabel dos Santos is Angolan businesswoman who has a net worth of $2 billion. Isabel who best known as the oldest daughter of Angola’s President José Eduardo dos Santos, was named Angola’s first billionaire and the richest woman in Africa as of March 2013. In 1977, 24 year old Isabel started her first business, i.e., a restaurant called Miami Beach in Luanda, the country’s capital.
Quote: ‘‘I think there are a lot of people with family connections but who are actually nowhere. If you are hardworking and determined, you will make it and that’s the bottom line. I don’t believe in an easy way through’’.

Patrice Motsepe, South Africa
Patrice Motsepe is a South African mining magnate who has a net worth of $2.9 billion. Motsepe founded and now chairs African Rainbow Minerals (ARM), a publicly traded mining conglomerate with interests in platinum, nickel, chrome, iron, manganese, coal, copper and gold.
Quote: ‘‘One has to set high standards… I can never be happy with mediocre performance’’.

Miloud Chaabi, Morocco
Miloud Chaabi is a business tycoon with an estimated net worth of $2.1 billion placing him as the richest person in Morocco.
Chaabi began working as a farmer and goat herder in his early teens. He eventually saved up enough money to move to Kenitra.

He launched his first construction company, Ynna Holdings, in the late 40s. He grew Ynna Holdings from a construction firm into the ownership firm of hotels, supermarkets, and renewable energy, among other holdings. He owns the Riad Mogador hotel chain and the Aswak Assalam chain of supermarkets.

He also runs one of Morocco’s most prolific charity groups, the Miloud Chaabi Foundation
Quote: ‘‘Bribe seekers know who to look for and my company’s reputation for integrity means I never get hassled into bribery’’.

Cyril Ramaphosa, South Africa
Ramaphosa is a South African business mogul, philanthropist and owner of the Shanduka Group. Cyril is wildly respected as a skilful and formidable negotiator and strategist, and also best known for building up the biggest and most powerful trade union in South Africa, the National Union of Mine Workers (NUM).
Quote: ‘‘No action is too small when it comes to changing the world… I’m inspired every time I meet an entrepreneur who is succeeding against all odds’’.

Naushad Merali, Kenya
Merali is a Kenyan inventor, and business magnate, best known as the founder of the Kenyan mobile service provider Kencell along with French media giant Vivendi.

As one of Kenya’s leading industrialist, Merali has brought commercial development in Kenya for more than 30 years and is currently expanding his business throughout East Africa. In 2004, he made a $20 million dollar profit in a deal at a record 1 hour.
Quote: ‘‘We need to arrest the widening disparities in incomes between the rich and poor’’.

Anas Sefrioui, Morroco
Sefrioui is a Moroccan businessman and visionary leader. According to reports, he is worth about $1.3 billion.

He founded Groupe Addoha back in 1988, but he made a big break ten years later after he got a contract to build a chunk of government-subsidized housing under the patronage of Morocco’s late King Hassan II.

His wealth continued to swell as he won a $1 billion state contract to build more housing units in 2005.
Currently, Anas is the General President and 61.7% owner of the corporate enterprise also known as Douja Promotion Groupe Addoha. Anas Sefrioui is the third richest person in Morocco and the 16th in Africa.
Quote: ‘‘The potential of the African market is huge’’
 
Nicky Oppenheimer, South Africa
Nicky Oppenheimer’s net worth is estimated at $6.5 billion dollars which makes him one of the richest people in South Africa. In addition to his work with De Beers, he also helms Greene and Partners Investments, a venture capital firm which focuses on building business in South Africa, and surrounding areas. In 2011, he sold his family’s 40% stake in De Beers to Anglo American, a company his grandfather started in 1917.
Quote: ‘‘I am a great believer that if you know how to operate in Africa, there are unbelievable opportunities’’.

Nathan Kirsh, Swaziland
Nathan Kirsh is a South African business mogul whose net worth of $3.1 billion. Kirsh owns a property empire that spans across the United Kingdom, Swaziland and Australia.

Kirsh has started his corn milling business in1958. The business expanded and became a variety wholesale food distribution.
Quote: ‘‘Real estate is the only sector where ‘stupid people’ can make money’’.

Desmond Sacco, South Africa,
Sacco is a business magnate and billionaire whose net worth is about $1.5 billion.

He is one of the richest and most influential South Africans. He got into mining in 1928 when he established Gloucester Manganese Mines.
He later inherited and further developed his father’s business. As of January 2012, Desmond’s Assore Group’s shares have almost doubled.
Quote: ‘‘Money is not my objective’’.

Sudhir Ruparelia, Uganda
Sudhir is a businessman and entrepreneur in Uganda. He is the Chairman and majority shareholder in the companies owned by the Ruparelia Group.

He has investments in banking, insurance, education, broadcasting etc. In 2012, he was reported to be the wealthiest individual in East Africa with an estimated net worth of $900 million.
Quote: ‘‘I own quite a lot and I have worked very hard for it’’.

Othman Benjelloun, Morocco
Benjelloun was listed as the richest person in Morocco with a net worth of $3.1 billion. He took over his family’s insurance company and turned it into the leading RMA Watanya insurer.

Then he expanded to the banking sector.
The banking aspect of Benjelloun’s business career alone is worth $4 billion. His holding company, FinanceCom holds interests in telecommunications, airlines and information technology.
Quote: ‘‘I have done industry, banking, insurance and telecommunications, and but helping children and adults is the project of my life’’.

Mr. Jim Ovia, Nigeria
Jim Ovia founded Zenith Bank Group in 1990. The bank has grown into West Africa’s second largest financial services provider by market capitalization and asset base.

His stake with Zenith is worth about $300 million. An equally large chunk of his wealth comes from a portfolio of prime real estate in Victoria Island and Ikoyi, some of Nigeria’s priciest neighborhoods.

Ovia devotes majority of his time to managing Visafone, a telecom outfit he founded in 2007. He also owns Quantum, a private equity fund focused on Africa.
Quote: “I will continue to empower the youths. That is my passion. The youths are the leaders of tomorrow. We must continue to support them’’

Ashish Thakkar, Uganda
Ashish is referred to as the youngest billionaire in Africa. He is founder of the pan-African multi-sector business conglomerate, Mara Group.

A serial entrepreneur who started his first company at the age of 15, Ashish built a conglomerate of real estate, information technology and manufacturing with operations in over 26 companies and employing 7,000 people worldwide in less than two decades.
Quote: ‘‘Money should never be a measurement for anything’’.

Said Salim Bakhresa, Tanzania
Bakhresa is described as extremely reclusive business tycoon and richest man in Tanzania. He is the founder and chairman of the Bakhresa Group of Companies.
The genius is a well known industrialist in the mainland of Tanzania and Island of Zanzibar.

With a small beginning as a small restaurateur in the 70’s, he created the business empire with a span of three decades. He is the mastermind behind the success of all the business within the group.
Quote: …
This man hardly reveals his mind… he keeps people guessing of what his next moves are.
 


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Meningitis Kills a Quarter Million People a Year -Study

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More than a quarter of a million people worldwide die from meningitis a year, a large new study estimated at the weekend, following a recent outbreak of the disease in the UK.

Meningitis Kills a Quarter Million People a Year -Study

Children accounted for a third of the deaths, many of which were in Africa, according to research that described itself as the most comprehensive global assessment of meningitis yet.

The study, published in the journal Lancet Neurology, comes after meningitis made headlines when two people died during an outbreak believed to have spread at a nightclub in southeast England earlier this month.

Meningitis is an inflammation of tissues around the brain and spinal cord caused by infection with a range of different viruses, bacteria, fungi, or parasites.

Bacterial infections are both rarer and more deadly than viral ones.

It was a bacterial infection outbreak in the English county of Kent that prompted more than 10,000 people to get vaccinated in the area over the last two weeks.

Since 2000, the widespread availability of vaccines has brought down the number of meningitis cases and deaths across the world.

However, 259,000 people were estimated to have died worldwide in 2023, according to the new research by the US-based Institute for Health Metrics and Evaluation (IHME).

The “African meningitis belt,” which stretches across the continent from Senegal to Ethiopia, had the highest rate of cases.

Nigeria, Chad, and Niger were particularly hard hit.

Low birthweight, premature birth, and air pollution were the biggest risk factors, the study found.

It also warned the World Health Organization was unlikely to reach its 2030 target for meningitis.

The WHO has a goal of slashing the global number of bacterial meningitis cases by 50%—and deaths by 70%—from 2015 levels by the end of this decade.

However, annual deaths and cases were only falling by half the rate needed to meet this target, the study found.

“Accelerated efforts—including expanding immunization, improving access to care, and strengthening diagnostics and surveillance—are essential to achieve these targets,” it said.

Many deaths from meningitis go unreported, particularly in developing countries, meaning that some figures could be underestimated, the researchers cautioned.

The study was based on figures from the Global Burden of Disease study from the IHME, which brings together thousands of researchers across the world and is funded by the Bill and Melinda Gates Foundation.


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Stakeholder says AI is Crucial to Nigerian Data Centres Amid Persistent Grid Collapse

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Ajibola Akindele, Country President, Schneider Electric Anglophone Africa, has identified artificial intelligence as a critical tool for maintaining data centres operations in the face of frequent power grid instability.

Akindele, while emphasising that the future of Nigerian data centre will be defined by how it contributes to the broader energy ecosystem, submitted that AI has capacity to optimise energy systems from microgrids to industrial processes, enabling smarter and faster decision-making.

He said: “Predictive algorithms now enable operators to forecast energy spikes, adjust dynamically, and smooth out load variability to protect grid stability. In the Nigerian context, smart scheduling allows energy-intensive training tasks to run when renewable supply is abundant or during off-peak hours, reducing operational costs.

“Flexible power management also lets workloads scale up or down according to computational needs. When guided by Artificial Intelligence, data centers can evolve from energy-hungry to energy-aware ecosystems.”

In a statement, the country director noted that the AI sector is placing unprecedented pressure on the country’s already strained power infrastructure, stressing the need for data centers to balance energy demand with sustainability.

He warned that the next wave of innovation driven by AI will significantly increase electricity consumption, with high-performance computing systems requiring far more power than traditional IT workloads.

He said: “In Nigeria, where the digital economy is a primary pillar of national development, Artificial Intelligence workloads are projected to consume a significant portion of all installed data centre capacity.”

According to him, Artificial Intelligence training racks can draw between 100 and 140 kilowatts each, creating unpredictable, high-density loads.

He, however, stressed that increasing power supply is not a viable solution in Nigeria, where grid constraints are common but to embrace energy management to address some of the inefficiencies.

Citing projections from Bloomberg and PwC, where AI is expected to reach USD 1.3 trillion by 2032 and contribute up to USD 15.7 trillion to the global economy by 2030, respectively, Akindele, further noted that this growth comes with steep energy demands, particularly for countries like Nigeria where grid capacity remains limited.


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Francis Okafor Stuns China, Emerges Second-Place Winner @ Tencent OpenClaw Hackathon

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In a striking moment of global recognition for African talent in artificial intelligence, Shenzhen-based Nigerian technologist, Francis Okafor has emerged as the second-place winner at the 2026 Tencent OpenClaw Hackathon, a fiercely contested competition hosted by Chinese tech giant Tencent.

The achievement places the Nigerian engineer among the top innovators in one of the world’s most competitive technology hubs, Shenzhen, often described as China’s Silicon Valley.

Okafor’s journey to the podium was anything but scripted. Walking into Tencent’s facility on the day of the contest, he found a room already buzzing with elite programmers deep in preparation.

“Laptops open. Heads down. Some people setting up their system before the challenges even dropped,” he recalled, contrasting the scene with his own uncertainty at that moment. “And then there is me — a Nigerian looking around like, okay Francis, what exactly are you doing here?”

Rather than confidence, his first reaction was raw nerves. “I won’t lie, I had goose bumps. Not the inspirational kind,” he admitted, describing a quiet internal debate about whether he had wandered into territory far beyond his league. Yet that hesitation quickly gave way to experimentation, a hallmark of the hackathon spirit.

Earlier that same week, Tencent had rolled out OpenClaw integration into WeChat (known domestically as Weixin), exposing its massive user base to AI agent capabilities.

Okafor, a senior technology lead, artificial intelligence advocate, and global community organiser, had already been stress-testing the system and decided, on the spot, to build his entry around it. “I had been pushing it hard all week just to see what it could do… so when the challenges dropped I thought, you know what, let me use this thing as my weapon.”

That decision proved decisive. Competing against some of the most accomplished engineers in China’s hyper-competitive tech ecosystem, Okafor’s solution stood out for both ingenuity and execution. “It went far enough apparently,” he said with understated pride after securing second place.

Remarkably, he had entered without a grand plan. “I didn’t go in with a strategy. I went in for the thrill of it… Honestly I thought I would learn a few things and go home with a good story.” Instead, he left with a trophy, and a narrative that has resonated far beyond the competition hall.

Beyond personal triumph, Okafor emphasized the broader technological significance of the moment. Tencent released the WeChat OpenClaw plugin on the very morning of the event, effectively putting advanced AI agent tools into the hands of an estimated 1.4 billion users.

In his view, this signals a profound shift in how artificial intelligence will reach the public. The company, he observed, is “not just making AI accessible to developers… they are bridging it to everyone,” while using hackathons to identify innovators capable of pushing the technology forward, regardless of origin.

Okafor was acutely aware of his uniqueness in the room. “I was definitely the only African there and for sure stood out,” he noted. Yet what mattered was not nationality but capability. “Nobody cared about where I was from. They cared about what I built.”

His message to aspiring technologists, particularly those from underrepresented regions, is both simple and powerful: show up. “Enter things you think you have no business entering,” he urged. “The worst case is you learn something. The best case is you shock yourself.”

In an industry often defined by geography, capital, and institutional advantage, Okafor’s victory offers a compelling counter-narrative. Talent, preparation, and courage can still disrupt expectations, even in rooms that seem designed for someone else.

As he concluded in a line that has since captured widespread attention: Black excellence, he said, “doesn’t need a geography.”


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