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
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...
Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...
Airtel Africa signed a partnership with SpaceX to launch Starlink Direct-to-Cell satellite connect...
Fitch upgrades Côte d’Ivoire to BB, saying political uncertainty has lifted and the country has mo...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
Lawmakers back $87.6 million prefunding for 87 km Kayunga–Bbaale–Galiraya road China Road and Bridge Corporation to design and build project over...
Nigeria plans to finance a record ₦23.85tn deficit ($15.9bn) domestically in 2026, keeping sovereign yields high and prospectively, boosting banks’...
Senegal launches Agropole Centre to boost central-region agro-processing CFA 107.4 billion project targets cereals, peanuts, salt value addition Zone...
Standard Chartered finalized a FCFA 51.7 billion ($86 million) loan to build rubber and palm oil factories for the state-owned CDC. Repayment is...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...