Company: Sameer Group
Source of wealth: Mobile Phone Service(Kencell), Also runs Sameer Group with interest in financial services, construction, agriculture, energy and power and information technology. Three of his companies are listed on the Nairobi Stock Exchange.
Estimated net worth: $210 million
Nationality: South African
Company: MTN, Worldwide Africa Investment Holdings
Source of wealth: Former Group Chief Executive of MTN, Africa’s largest telecoms company. Currently a non-executive chairman of MTN International, and remains one of the company’s largest individual shareholders.
Estimated net worth: $58 million
Company: Comcraft Group
Source of Wealth: Chairman of Comcraft group, a $2.5 billion industrial conglomerate his father founded over 80 years ago.
Comcraft group produces steel, plastics, and aluminum products from its manufacturing facilities in 16 African countries and employs a workforce of over 40,000 people in 45 countries on five continents.
Company: Mvelaphanda Group
Source of wealth: South Africa’s Minister of Human Settlements is the founder and major shareholder of Mvelaphanda Group, a listed Black Economic Empowerment (BEE) Investment firm with significant interests in blue chips like media giant Avusa, Absa Group, Group Five and Life Healthcare.
Estimated Wealth: $1 billion
Isabel Dos Santos
Comaony: Kento Holding
Source of wealth: Isabel Dos Santos is one of the Africa wealthiest. At the age of 24, she rode on her father’s influence (he is the President of Angola) to secure lucrative state contracts from where she made her first millions.
Her Maltese-registered investment vehicle, Kento Holding holds a 10% stake in Portuguese media giant Zon Multimedia. She acquired the stake last year for a reported 164 million Euros. She is also a shareholder in Portuguese banks Banco Espírito Santo and Banco Português de Investimento, and in electric utility company Energias de Portugal.
Estimated Wealth: $170 Million
Said Salim Bakhresa
Company: Bakhresa Group
Source of wealth: His Bakhresa group employs over 2,000 people and is Tanzania’s largest conglomerate. The company’s interests include grain milling, confectionaries, frozen foods, beverages and packaging. The group’s Azam brand is the most popular manufacturer of chocolates and ice cream in the region. The $800 million (sales) group is also the largest producer of wheat flour in East Africa. Daily capacity: 2,100 metric tons. Company is managed by his sons.
Company: Chagoury Group
Source of wealth: The Lebanese-Nigerian businessman founded the Chagoury Group in 1971 which today is one of the country’s leading industrial conglomerates. The group’s activities include commercial real estate, flour milling, glass manufacturing and tourism. The group owns the landmark Eko Hotel in Victoria Island, Lagos. Chagoury is embarking on his most ambitious project so far: Along with the Lagos state government, he is building Eko Atlantic, a new mini-city in Lagos which is being constructed on land reclaimed from the Atlantic Ocean. When completed, the new district is expected to accommodate some 400,000 residents.
Antonio Oladeinde Fernandez
Source of wealth: A close friend to Angola’s president, Jose Eduardo dos Santos, Fernandez has extensive gold, diamond and oil mining interests in Angola and across Africa held through his company, Petro Inett.
Company: Camac International Holding
Source of wealth: In 1986 to found CAMAC, a small commodities trading outfit. In the early 1990s he ventured into energy. Today his $1.5 billion (sales) Camac International is primarily involved in the exploration, production, and trading of crude oil for markets in Africa and Europe. It is one of the largest private companies in America.
Source of Wealth: Land. He is the richest Kenyan and his father was the first President of Kenya. He is currently the Deputy Prime Minister of Kenya.
His other business ventures include Dairy products, Television, Banking.