Finance

Cameroonian Baba AhmadouDanpullo is the richest man in francophone sub-Saharan Africa – Forbes Africa

Wednesday, 04 November 2015 17:31

According to Forbes Africa, the richest man in francophone sub-Saharan Africa is the Cameroonian Baba AhmadouDanpullo whose fortune has been valued at 547 billion FCFA. Riches he obtained from his multiple investments in real-estate, telecom and agro-industry.

Truly, it is common knowledge that the former truck driver now billionaire detains 30% of Nexttel’s (third mobile operator in the country) shares. However, Danpullo, who according to his close acquaintances holds more assets in Nigeria than Cameroon, is popular in his country for his massive Ndawara tea plantations in the North-Western region, from where tea is exported by Ndawara Tea Estates.

Additionally, its ranch in Ndawara counts thousands of cattle heads from which, the biggest specimen was exposed at the Ebolowa agro-pastoral Comice. The animal amazed Cameroon’s head of State Paul Biya. Asides all these achievements, Cameroon’s richest man, asides agro-industry and telecom has numerous real-estate assets in Nigeria, France, Switzerland and South Africa including two malls in Cape Town and the Johannesbourg’sMarbre towers, 32 floors and 152 m tall, third tallest in Nelson Mandela’s nation.  

In 2009, Baba AhmadouDanpullo donating 100 million FCFA to the ruling party, the CPDM, jumped into the communication sector with the DBS (Danpullo Broadcasting System) TV channel. He is also a minority shareholder in state-owned companies such as Sodecoton, Airports of Cameroon (ADC) and took over the tea industry from Cameroon Tea Estates (CTE), privatizing it.

Multiple sources declare that he was backing the Philippian firm ICTSI to acquire the container terminal of Kribi’sdeep water port which was finally awarded to a French-China consortium led by the Bolloré group. The same sources revealed that, Ndawara’s discrete billionaire who does not have a very good reputation in regards to his employees’ labor rights, aimed at the time to grab the 20% which were to go to Cameroonian nationals for this contract as set by the government.

BRM

On the same topic
Kenya signs supplementary budget raising spending to 4.69 trillion shillings Funds target security, education, housing, agriculture, health...
Gabon considers agency to strengthen asset recovery efforts Proposal targets illicit financial flows, financial crime enforcement Plan...
Zimbabwe launches new “BiG5 ZiG” banknotes to boost confidence Rollout starts with lower denominations, higher notes to follow Move supports...
Nigerian bank completes full acquisition of Paramount Bank Kenya Deal marks Zenith’s entry into Kenya and broader East African...
Most Read
01

Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...

Flutterwave Secures Banking License in Nigeria, Joining Push by Fintechs Like Revolut, Wise
02

BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...

BCEAO Imposes June 30 Deadline to Complete Instant Payments Integration
03

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
04

This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...

Weekly Health Update | Africa Faces Health Supply Risks; DRC Ends Mpox Emergency
05

West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...

BOAD Commits $131.8 Million to Cotton Sector in Burkina Faso and Mali
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.