The following sectors have made top Africa’s billionaires. Take a look at these selected areas that Forbes has singled out.
Commodities (Sugar/Cement/Flour)
Aliko Dangote from Nigeria has a networth of $10.9 billion, his interest includes sugar, cement, flour.
Dangote Cement is Africa’s largest cement producer, which operates in eight countries.
Abdulsamad Rabiu also a Nigerian is worth $1.6 billion, he is the founder of BUA Group, which has interests in sugar refining, cement production, manufacturing and shipping.
Rabiu’s primary source of wealth comes from the cement business. Forbes estimates his value of shares in the Cement Company of Northern Nigeria to be at USD1.6 billion.
Mining and Oil
This sector features Nigerian born Mike Adenuga who’s the world’s second richest black person, South Africa’s only black billionaire Patrice Motsepe (worth USD2.3 billion), and another Nigerian Florunsho Alakija (worth USD1.1 billion) also has interest in the same field.
The oil industry has attracted the attention of Aliko Dangote who is working on a private oil refinery in Nigeria with a refining capacity of 6500,000 barrels a day according to Forbes.
Telecoms
Billionaires in the list with interests in the telecoms industry include Strive Masiyiwa (worth USD2.4 billion), Mike Adenuga, and Isabel dos Santos (worth USD2.3 billion).
Masiyiwa is the founder of Econet, one of the leading mobile telecoms companies in Africa.
Adenuga owns a Nigerian mobile company, Globacom, which has more than 40 million subscribers in Nigeria and neighboring African countries.
Investments
Patrice Motsepe owns a large stake in African Rainbow Capital, a private equity firm concentrating on investments in the financial services sector.
Isabel Dos Santos has a 25 per cent stake in Angolan Bank Banco BIC and just under 20 per cent of Portugal’s Banco BPI.
Real Estate
Some of the billionaires who have companies with interests in the real estate sector include Abdulsamad Rabiu and Mike Adenuga.
Adenuga Company’s Cobblestone Properties owns prime residential and commercial property in all over Nigeria.