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From Farmworker To Multi millionaire

As a child, Michael Ade-Ojo was mocked for being poor. He sold matchsticks and cleared weeds to help his family survive. It spurred him on to become a leader of African business.

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Great people often do uncommon things. Illustrious people, however, replicate greatness around them.

How else can one summarize the ‘many realities’ of Michael Ade-Ojo, the automobile mogul fondly referred to as Nigeria’s ‘Mr. Toyota’?

He is not called ‘Mr. Toyota’ simply because he loves cruising around in the Japanese-made marques.

“I have dealt with the Japanese now for 44 years. And it is only through me that they can mirror Nigeria. Throughout these 44 years, there have not been any promises broken, or monies owed. My word has always been my bond. That is one of the things that I believe has helped my business – integrity. The fact that I always fulfil my commitments,” he says.

After more than four decades of mingling with the Japanese, Ade-Ojo has earned the rights to Japan’s Toyota Motor Corporation in Nigeria. His lifetime’s work has made Toyota one of the most ubiquitous car brands in Africa’s largest and most populous economy.

“There are countries where Toyota is number three or number four in terms of market share, but when you take it overall, Toyota is number one in the world. They don’t have to be number one in Nigeria. However, they have been number one in Nigeria for 15 years,” he says.

Plagued by a recall of nearly 6.4 million vehicles last year, the Japanese automaker bounced back quickly from this crisis to maintain the reputation of its 78-year-old brand. It ended 2014 on a growth note with increased year-on-year sales in the United States (US), China and Europe.

Ade-Ojo has done “mostly sales” jobs during a career spanning over 50 years. As a poor village boy, he sold charcoal, firewood, matchsticks and food. Years later, he ended up selling vehicles (cars, trucks, vans, buses, tractors, motorcycles and mopeds), auto and aviation fuels, industrial lubricants, automotive and financial services, including auto and life insurance.

A man with a proclivity for details and appropriate business or traditional decorum, he has earned the number one status in Nigeria’s auto market for constantly making his numbers but also on account of his market savvy, focus and stamina, especially during the 1980s and 1990s when Nigeria’s economy was in the doldrums. A walking encyclopedia of Nigeria’s auto industry, he recalls that “Toyotas were not that common during the 1960s… by 1981, Toyota sales in the Nigerian market totaled about 52,000 units; Datsun, 100,000 units and Peugeot, 250,000 vehicles.”

“In those days, government and companies were financing vehicle purchases, but this stopped in 1982 with all the woes that came with economic downturn,” he says.

In 1984, an IMF-induced Structural Adjustment Program (SAP) meant tariffs were hiked and an embargo placed on car and spare parts importation.

“Even if you had the cash or access to credit, you needed an import license issued only by the military juntas in power to transact business internationally.”

As consumption habits and car cultures go, Nigeria is any automaker’s delight. With a head count of about 170 million and growing, it is arguably one of the largest motor vehicle markets in the world, rubbing shoulders with the likes of China, the US, Europe, India, Brazil and Mexico.

Ade-Ojo says car sales have grown steadily since 1999 when he was responsible for 12,000 of the 30,000 Toyotas sold in Nigeria that year. In 2014, Toyota recorded about 15,000 sales, of which Ade-Ojo’s companies sold about 45%. The other seven Toyota-authorized dealers shared the balance of 55-60%.

At least one in every four cars on Nigerian roads belongs to the Toyota clan. The ratio is even higher for sales of brand new Toyotas. Ade-Ojo reckons his annual turnover from vehicle sales alone over the last two years is well over N40 billion ($200 million).

In any country, invaluable business experience and a significant slice of the motor vehicle market easily translates to influence, leadership and corporate responsibility. Even though he disagrees with the timing and modus of the government’s new auto policy, there are reports that Ade-Ojo is poised to set up a Toyota assembly plant in the country, in conjunction with his Japanese partners.

The auto policy, which took effect in July 2014, had raised the import tariff on fully built cars from 20% to 70% for companies without assembly plants in the country; and zero percent duty on imported Completely Knocked Down (CKD) units. CKD refers to the total number of parts required to assemble a vehicle.

“I am not against the auto policy in as much as it is to industrialize… but we must industrialize with a sense of strategic responsibility to the local economy; but the way things are, we seem to be putting the cart before the horse. We currently lack the industrial support environment for car manufacturing. For an average car you need about 2,500 parts. We don’t produce anything locally, and we want to begin to industrialize, to make cars, we will only end up getting the short end of the stick!”

With a reputation for being shrewd, his formula for success is passion, focus and diligence.

“I have learned the hard way to embrace stabilization. I realize that we have not done much profitable business outside our core business area of automobiles. This goes to show the importance of focusing on what you know and what you have passion for… So my advice to young entrepreneurs is that they stick to what they know and be passionate about it. At least, if you do this, you are not likely to be poor.”

His formula has certainly earned him a vast fortune, a solid reputation as a super salesman, with juicy stakes in numerous entities and a prime spot in the commanding heights of West Africa’s automobile ecosystem.

Nigeria has however been his primary business turf.

“All my investments are in Nigeria. I’m a believer in what you call the Nigerian dream,” he says while sitting in his plush house in the town of Ilara-Mokin, his birthplace on the outskirts of Akure, the capital of Ondo State in south-western Nigeria.

Ade-Ojo began selling cars in 1965, five months after earning a bachelor’s degree in business administration from the University of Nigeria (UNN) in Nsukka, in south-eastern Nigeria.

“The first car I ever sold was a British Motor Corporation Wolseley car model,” he says. “I sold it to Mr Okubanjo, a permanent secretary in one of the ministries. We later became friends. This was how I got hooked on automobiles.”

Soon he acquired his very first car, a Morris 1100, with a loan from CFAO, his employers at the time.

He joined CFAO straight out of school – the company sponsored his last two years at university – and had a brief stint as an inspector of taxes at the Federal Inland Revenue Service, followed by four years at British Petroleum (BP). His “painful personal history”, growing up poor, including experiences and escapades at these companies propelled him towards his destiny.

A near fisticuff with his manager cost him his job at CFAO.

“I had sold 20 trucks to Electricity Corporation of Nigeria (ECN) and this man from New Zealand gave the company the impression that he did the job. The company believed him and ignored the fact that I had singlehandedly brokered and sealed the deal. I showed my anger to management and I almost punched him… I was really pissed off. So in December 1966, CFAO decided not to renew my contract. I became jobless.”

While at BP he went to Benin City to relieve a colleague temporarily and “within three months I increased the total sales of that division by 25%. I grew turnover by 25%… the dealers were requesting for me not to leave. They actually wrote a petition to BP’s South Western Divisional Office in Lagos asking them to retain me in Benin… so I became restless; I kept ruminating over this Benin episode. I kept thinking to myself, ‘perhaps it was time to quit’. The funny thing is the chap I had gone to relieve in Benin eventually got promoted on the basis of my sweat. BP actually made him my boss.”

Months later, back in Lagos, he approached Danish-owned RT Briscoe, a leading heavy duty equipment and auto dealer, and asked if they would allow him to sell their products on a commission basis. They agreed. Armed with this agreement and key product information from RT Briscoe, he took a month’s annual leave from BP. The results of his moonlighting was a pleasant shock.

“Within the four weeks of freelancing, I sold 40 cars. I put pen to paper to calculate my expected commission and, to my great surprise, what I was going to earn from the 40 vehicles was more than my one year salary at BP. So, armed with that knowledge, I went back to work at BP.”

He quit BP soon after this “discovery”. On August 1, 1971, Elizade Independent Agencies (EIA) was born, co-founded with his first wife, the late Elizabeth Wuraola Ojo, who had been a year below him at UNN.

“I started it with my savings. I had been very thrifty, so we saved £4,000 ($6,300). We used this £4,000 to rent my office and showroom in Lagos. I lived in the same property. Eventually, that was also the very first property I ever owned.”

EIA became incorporated as Elizade Nigeria Ltd (ENL) in 1973, dealing in motor vehicle and spare parts sales and services. After-sales support currently provides 10% of bottom line for the Elizade Group of Companies, a business empire which now includes a string of companies in the auto, education, fashion, hospitality, financial services, petroleum marketing, technology, real estate and construction industries.

Ade-Ojo’s Toyota franchise revolves around controlling stakes in Elizade Group, Toyota Nigeria Limited (TNL), RT Briscoe Motors and the subsidiaries and associated firms of these entities. After a series of acquisitions and divestitures, he currently owns 100% of the RT Briscoe Group in Nigeria and 74% of TNL.

“I had become 100% of TNL in 2004 but after one year, Toyota came and said they want me to partner with a Japanese company. So I had to extricate 26% of TNL to Sumitomo Corporation of Japan.”

Beyond these organizations, his business empire also includes Elizade University, Elizade Autoland, Crown Motors (Nig) Limited, Classic Motors Ltd., Okin Travels Ltd., Odua Creations Ltd., among others. He is the chairman of TNL, Moorhouse Sofitel Ltd., Custodian & Allied Insurance Plc, Baun Limited, Imperial Telecommunications Ltd., Crown Drinks Ltd., Meristem Securities Ltd., Meristem Wealth Management Ltd., MikeAde Properties Development Ltd., 3Line Card Management Ltd., and SMT Nigeria Ltd., distributors of Volvo construction equipment, Volvo trucks and Mack trucks in Nigeria.

He’s also been a director of several banks, including Ecobank Nigeria and First City Monument Bank. For his contributions to business and society, he was awarded the national honor of Officer of the Order of the Niger (OON) in 2005.

Professor Pat Utomi, renowned Nigerian political economist and management expert, believes that in an economy like Nigeria, where mobility and transportation infrastructure are key to socio-economic development, “it is appropriate to make the point that sometimes you have to trade” in order to tap into the inherent commercial capabilities of the market.

“Ade-Ojo is a super salesman. He is in many ways Nigeria’s Akio Morita, the Sony co-founder who came to be known as the paramount salesman of the 20th century,” says Utomi.

A lifestyle of globetrotting in private jets has not robbed Ade-Ojo of his modest manner. Constantly shying away from discussing his personal net worth, he tells FORBES AFRICA that, “considering that Elizade was the genesis of my business, it must be worth at least several billion dollars now, but you see what is important for me is that business must be conducted honestly and openly, and society must benefit from your business gains.”

He set up the Ade-Ojo Scholarship Scheme in 1991. Over 100 poor students have benefited from this scheme since its inception. A few years ago, he spent slightly over $205 million of his personal funds to rebuild Ilara-Mokin’s township roads. The town’s microfinance bank, primary and secondary schools have also tasted his generosity. His Elizade University, also located in Ilara-Mokin, cost him about N8 billion (about $40 million) to establish.

“I’ve been spending averagely about N1 billion ($5 million) every year to subsidize the university.”

In 2014, he put Ilara-Mokin on the world’s movie map. The town was the setting for October 1, a Nollywood flick directed by popular Nigerian filmmaker, Kunle Afolayan. Ade-Ojo’s auto companies helped finance the movie, which reportedly cost well over $1 million.

For those who may question the efficacy of Ade-Ojo’s dogged pursuit of projects and causes, his daughter, Deola Sagoe, a renowned international fashion designer provides a response: “With my father, what you see is what you get. He’s always been a pragmatic person, and particularly adept at spotting opportunities… he lives and breathes business in all spheres of his life.”

“I like the fact that Chief Ade-Ojo always puts his money where his mouth is. He is so unassuming he makes you rethink the essence of wealth,” Olumide Ojutalayo, a golfer and businessman says on the grounds of a world class golf course Ade-Ojo built in Ilara-Mokin.

Smokin’ Hills Golf Resort “cost me about $17 million to establish,” he says. “I built it for myself and anyone who likes to play golf.”

Soon, the resort will have a five-star hotel, an aircraft landing strip with hangars, restaurants and other entertainment facilities. The project might complete the transformation of the serene, leafy locale – with a current population of about 60,000 – into a modern, suburban community.

At the age of 77, Ade-Ojo has certainly earned the right to build himself a private leisure paradise. His passion for his birthplace is infectious. It may also have deep personal reasons. The fifth of six siblings, it was in the Ilara-Mokin village that he began life in a poverty-stricken family. Hunger was a perpetual companion, he says. He therefore grew up experiencing the harsh reality of rural poverty.

“I was often derided and mocked by people whose parents I considered to be better and richer than mine… so I think I must have been around 15 years old when I made up my mind to change the dynamics of my background.”

He credits his mother, his late wife and business partner, and current wife, Taiwo Ade-Ojo, an affable lady who had also been involved in his business for many years, for contributing immensely to the strong foundation, business success, peace and stability he has had in life.

“My mother made me work so hard. I hated it, in fact, my belief was that my mother was wicked… she drove me to do everything. I was the one sweeping the grounds, I was the one going to fetch water that we would use to bathe and drink every morning, and it didn’t matter whether it was in the cold Harmattan [wind] or the hot season. So after that, I may have had to hawk eko (cornmeal) before going to school…”

“In the evenings, I would sell kerosene and matches… at that time people could not afford a box of matches, we used to tie them 10 sticks a bunch to sell to people. So, I did all these, and I became a very successful laborer. I was going to farms with people, to support my school fees I would go clear bushes, or cut the weeds in cocoa plantations, or clear farmlands, burning the waste, preparing the heaps and then planting… all these I could do. I knew every aspect of farming.”

Amazingly, he excelled at Imade College, Owo town, his secondary school. His path out of poverty had begun. He enrolled for an 18-month course at the School of Agriculture in Akure. This led to a brief stint as a laboratory technician at the Ministry of Agriculture, Moor Plantation in Ibadan, in south-western Nigeria. While in Ibadan, he began attending pre-degree evening lectures at the British Council, studying zoology, botany and chemistry, hoping to eventually study medicine. He however had to ditch the idea after learning he also needed mathematics to qualify for medical school. He picked up a new set of subjects, economics, government and geography, and was eventually admitted into UNN’s Business Administration program in 1961. It was the first set of a Business Administration degree course in Nigeria.

His financial headaches trailed him to campus.

“After two years of struggle, I could not sustain myself in the university,” he says.

He was already working part-time as a research assistant. Unknown to him, a faculty staff member had secretly approached CFAO for financial support on his behalf. CFAO agreed. His tuition fees sorted, he still could barely afford one meal a day. Fate stepped in through the young Elizabeth Wuraola. They met in the university chapel one evening and became friends. Soon, she would begin to save him from hunger and the perils of poverty. She often gave him her meal tickets so he could eat at the cafeteria. One day, she gave him £40 ($63), her entire pocket for the 1962-63 academic year.

“She gave it to me to go pay part of my school fees,” he remembers emotionally. “That was the turning point for me.”

“So, this is really the heart of the matter… She was denying herself for me. This was what made me feel that, yes, a woman could assist you to succeed; even when I approached her, my intentions were not that serious. But I felt it to my marrows that I was going to marry this woman because there was now real love between us. I tell you, I didn’t regret that I stuck to her. But I lost her on November 8, 2003.”

The ‘Elizade’ brand name was coined from both their names, Elizabeth and Ade-Ojo.

Behind every great man is a great woman. Ade-Ojo has never let go of this greatness.

Cover Story

Forbes Africa #30Under30 List: Leading The Charge

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As 2020 ushers in a new decade and a new set of daunting challenges for the world – climate change, the coronavirus – it’s all the more imperative that the world’s youngest continent rises to the crises and sees opportunities where there seem to be none. These are the men and women forging ahead with credible, creative and profound strategies to shape our tomorrow. Celebrating six years of the FORBES AFRICA 30 Under 30 list, they are the continent’s revolutionary thinkers revitalizing ideas and industries with fresh business models and innovative leadership.

Over 3,000 nominations flooded into our inboxes and landed on our desks from the start of 2020 for this Under 30 list. And the mammoth task? Whittling it down to 30 names.

While last year, we had 120 in total, with 30 finalists each in the categories of business, technology, sports and arts, this year, we chose to stay with 30: the best of the best spanning all industries. Our youngest list-maker this year is just 16!

In a continent pregnant with opportunities, and at a time a virus pandemic grips the world, young people are the only hope. They are able to step in to offer new and innovative solutions for the problems confronting Africa.

And big business salutes their potential.

“Leaving an ordinary career path to start something new and original is difficult and lonely, and success is not linear. Making the list must also be an incredible encouragement to the brave young people who’ve struck out on their own,” says Fran Luckin, Chief Creative Officer at Grey Africa, a global advertising giant.

The odds stacked against them are great, such as access to funding and institutional and historical inequalities that mean there’s probably very little family wealth or savings for the average young entrepreneur to draw on, adds Luckin.

“If you look at the development from youth-owned businesses and those featured on the 30 Under 30 list, you will realize that Africa has amazing potential,” says Ashok Gupta, Chairman & Founder of Kalyan Group, a diversified business with portfolios in hospitality and agriculture based in Togo.

In the following pages, this is what we will see: the potential of Africa’s future and the people who will lead us.

The list is in no particular order.

Methodology

In drawing up the 2020 list, we sifted through piles of nominations that came in from across Africa, even the remotest corners. Through robust reporting and vigorous vetting, harnessing the experience of our editorial teams across Africa; with extensive research, studies of databases and media coverage; and also delving into the knowledge of our team of external judges, we evaluated the nominees to arrive at a long-list of 100 names, before short-listing to the 30 changing the face of business and society today. We have only considered for selection those who were under the age of 30 as of March 31, 2020. We have also discovered many more to ‘watch out for’ and who will be featured on this list in the years to come. For the 2020 list, FORBES AFRICA partnered once again with SNG Grant Thornton to vet the business and financial statements of the candidates. This involved understanding the landscape, the profitability, growth and most of all, the scalability of each business. But it’s not all about the money. Some of the qualities FORBES AFRICA looks for in the leaders of tomorrow are that they are passionate, innovative, impactful, pioneering and are real hustlers of the African growth story. The list also examines their resilience, strength and ability to turn around their enterprise or careers. At the time of going to press, all facts on the following pages were verified to be correct.


External judges:

Business: Lwandile Qokweni, CEO, Wavewaker

Technology: Teboho Mofokeng, Founder, Bowfica

Sports: Carol Tshabalala, Sportscaster

Arts: Yvette Gayle, Partner and Head of Communications and Engagement, Africa Creative Agency

Audit Partner: SNG Grant Thornton


Bako Ambianda, 29, Cameroon

Founder, Chairman and CEO, Labacorp Group of Companies

Industry: Diversified holdings

At only 29, Bako Ambianda is an international development expert, author, speaker, philanthropist and entrepreneur.

Over the years, he has successfully built an empire. His business acumen was evident from his high school days, when he would pick mangoes, avocados, and bananas from his backyard at home and sell them in his school’s dormitory for a profit.

After high school, he moved to the US in 2011 to further his studies and began a career in diplomacy at the Maryland State House.

While there, he started his first company with only $850.

Global Attain Advancement is an events organization company, the first instalment to the Labacorp Group.

Through the company, he was exposed to learning the tricks and trades of organizing events and found himself a part of the organizing team for former president, Barack Obama’s Energy Congress.

He later returned to Africa to develop the business and launch other entities.

“When I launched Labacorp Group, I set out a mission that all operations of the group will be rooted in the ‘Afri-developism’ economic concept that I created because I wanted to work relentlessly toward contributing to the development of Africa inspired by the ‘Afri-developism’ concept,” he tells FORBES AFRICA.

Today, the Labacorp group has grown from just housing an events organizing team to owning businesses across manufacturing, power, construction, agribusiness, and exhibition sectors with operations in six countries with 79 employees, and a footprint in Africa, Middle East and North America.

With the offices headquartered in Ghana, Labacorp Industries Limited and a South Korea-based company are setting up a polyethylene terephthalate (PET) bottle waste recycling plant in the country to produce high value-added products such as polyester, staple fiber and geotextile from PET bottle waste.

He has won numerous awards including the Global Business Disruptor 2018 Award by Professional Association of Young Africans (PAYA) and Africa Business Leadership Excellence Award 2018 by African Leadership Magazine.

Gift Sukez, 27, Malawi

Founder and Director, HD Plus Creation Company Limited

Industry: Video Production

Bob Phondo, a notable brand manager in Malawi’s marketing and communications industry, recalls a memory of Gift Sukez in the early days of his business in 2013.

He was seen with nothing but a camera, working from a backroom focusing on where his passion would take him.

Using borrowed cameras, lights and computers, Sukez was able to save up enough to buy his own HD Camera which cost $300.

With the flash of a camera, the picture became clear and HD Plus Creation Company Limited was born, offering media consultancy services and video content creation.

“The passion I had for creative visuals fueled me to work very hard every day and it eventually paid off in 2016 when I managed to register the company and with time, the demand for my services grew,” Sukez tells FORBES AFRICA.

Today, Sukez owns two offices and a video production department and employs up to 18 staff.

“It could be argued that Gift is the best at what he does in Malawi,” says Phondo.

One of Sukez’s most early notable work was when he worked with Akon, Yvonne Chaka Chaka, Jah Prayzah and P-Square to produce and direct the making of the 2017 African leaders for change theme song, The Song for Africa.

His company has also produced content for organizations such as UN Malawi, UNICEF and Standard Bank.

The biggest highlight of the business was when they worked on a film directed by Mark Spencer titled Whistleblower shot in Australia, Japan and Malawi.

Last year, they also took part in shooting and working on set for two Australian movies, The Drover’s Wife and Fallout.

Sukez plans to take his knowledge working internationally to produce quality content for Malawians.

“Malawi lacks so much in terms of technology, as a result, we fail to have the right connections and network to help boost the business internationally, but we try with the little capacity we have,” he says. “When I look at my future and the company, my vision is to employ more than 1,000 young people by 2030 in Africa and this includes actors, scriptwriters, directors, producers, cameramen, just to mention a few.”

Thobo Khathola, 28, Botswana

Founder, Managing Director and CEO, Lion Tutoring

Industry: Education technology

It all began in 2015. After his experience as a university student tutor, Thobo Khathola was keen on improving the pass rates of students in Botswana.

So he started operating from the boot of his car in his parents’ home to offer tutoring services to youth in Botswana.

Shortly after, he took loans from friends and family and it paid off.

“One happy client from my church turned into two. Two happy clients turned into 10. Ten became 100 and now we enrol more than 1,000 clients each year,” he says.

Khathola founded Lion Tutoring which he says works like the ‘Uber for tutors’. He now owns offices in Botswana and South Africa.

“I have always been passionate about education and bothered by the declining pass rate of academics in my country and in Africa as a whole. I managed to gain experience and identified a niche,” he tells FORBES AFRICA.

Lion Tutoring takes advantage of the Fourth Industrial Revolution by engaging clients through their e-commerce platform and mobile application.

Since inception, Lion Tutoring has employed over 300 staff.

The business has won three awards for three consecutive years from 2017, named the Best Youth Owned Business in Botswana at The Botswana Youth Awards and The Palapye Business Awards.

Khathola was listed in the Botswana Stock Exchange’s publication as one of the Top Youth Entrepreneurs to look out for. He was also named one of the Top 30 Most Influential Youth in Botswana by Botswana Youth Magazine.

Khathola has also founded the Lion Tutoring Community Based Project which provides assistance to communities such as the SOS Children’s home, Childline and Mogonye Primary school.

Khathola plans to branch into more African countries.

Tony Mautsu, 27, Botswana

Founder and Managing Director, Social Light

Industry: Digital solutions

Tony Mautsu was born 30 kilometers away from the capital city of Botswana, Gaborone. He grew up in a small village called Mochudi and could not speak English very well.

But from the age of 10, he learned very quickly how to stand out.

Growing up in school, he sold sweets, chips, compact discs and airtime, unknowingly honing his entrepreneurial spirit.

While volunteering at a marathon in 2014, he used social media to generate inspirational quotes and respond to inquiries. This earned him the description of “that social media guy”.

“When I was done with the marathon, I got to work turning this newly-discovered niche into a fully-fledged business. The Social Light, the light that leads corporations into this tricky unknown platform of social media,” he says.

Social Light is geared towards introducing cutting edge-tech services to assist companies position their brands and acquire in-depth information on client sentiments through big data mining and monitoring tools in Botswana.

They offer services such as video animation, graphic designing, content creation, HD-live streaming, application management and social media management.

One of their biggest highlights was when they were commissioned to work with the 2017 Global Expo Botswana, which hosted founder of Virgin Group, business magnate and billionaire Richard Branson.

Last year, they worked with the Youth Town Hall Meeting organized by the Botswana Government which featured telecom giant, Strive Masiyiwa.

The business has grown 750% in the last year, he attests.

Uzair Essack, 27, South Africa

Founder and Managing Director, CapeCrops

Industry: Agriculture, Logistics

Uzair Essack has his roots deep in the fruit and vegetable business.

He is the founder and managing director of CapeCrops, an export business that sells fruits and vegetables sourced from South Africa to the rest of Africa and international markets such as Europe, the Middle East and Asia.

With no background in agriculture, Essack invested his savings to start the business and has managed to build a company which went from earning R500,000 ($30,515) revenue in 2015 to R34 million ($2 million) in 2019.

Some of his clients include major supermarket chains such as Marks & Spencer, Aldi, Tesco and Carrefour and he recently opened an office in Dubai.

Essack employs a staff of 13 and indirectly employs thousands who contribute to farming, cold chain and logistics.

He is also the founder and president of GetGiving, a non-profit company that aims to benefit the community through projects which include food-hamper drives, sanitary drives, stationary drives and careers days.

Essack won the Minara Young Entrepreneur Award in 2019.

“We firmly believe that African fruit and veg is amongst the most wholesome, healthy and flavorsome on the planet and we’re passionate about helping our clients all over the world to showcase it on the global stage,” he says.

Baraka Daniel Kiranga, 29, Tanzania

Founder and Director, Hamasa Media Group

Industry: Digital Media

Baraka Daniel Kiranga started his business with a mere $20 in 2014 while pursuing his Bachelor of Science degree at the Institute of Finance Management in Dar es Salaam, Tanzania.

With a friend, he bought a template for an online magazine, designed it, and wrote inspirational stories of young entrepreneurs and change-makers in the country.

Impressed by his initiative, Kiranga received a small contribution from his father and friends to register the business with the magazine as his first product.

For seven months, he worked on bootstrapping the business.

Since then, Kiranga has not looked back and the business has grown by 449%.

With a team of 11, the company now offers media consultancy services to clients such as WHO-Tanzania, NGOs, news outlets and journalists.

In August this year, they plan to launch an art media lab to provide innovative media solutions such as strategy training, media monitoring, cloud computing and digital security services.

Last year, Kiranga was awarded a trophy by the National Training Institute of Egypt during an Arab African development forum in Egypt for his involvement in promoting youth development in Africa.

“Don’t lose your focus when you are subjected to the heat of financial instability. It is working for the betterment of your business; at the end of the day, you will emerge on the other side of the valley and say it was better it happened,” he says.

Hamasa is a business consultancy on digital media management and data technologies in producing data-driven stories.

Newman Tshepo Ramatokwane, 29, Botswana

Founder of Native Stretch Tents and Canopies (pty) Ltd

Industry: Events

Most people would have given up after dropping out of college twice, but not Newman Tshepo Ramatokwane.

“Go against the grain,” he says. This was a clear goal Ramatokwane set for himself when he started his upward-bound career.

Born in the capital city of Botswana, Gaborone, he was groomed in a business-orientated family.

Thus, the drive for entrepreneurship was grilled into him from a tender age.

During his primary school years, Ramatokwane made money selling his art drawings to his colleagues and he would polish his sister’s shoes for a fee.

“At the age of sixteen, I came across a financial literacy book, Rich Dad, Poor Dad by Robert Kiyosaki, it was then that my entrepreneurial spirit was unleashed,” he tells FORBES AFRICA.

It was in 2013 that he decided to found his own business – Native Stretch Tents and Canopies now trading as Native Event – from a one-bedroom house.

The company initially hired out stretch tents only, but with the rapid growth, they began manufacturing furniture.

Ramatokwane also invested in a mobile bar service, transport and logistics, and in an accounting firm.

“I come from a country where entrepreneurship is not generally taught or pursued.

“We have a culture that never believed that one can become an entrepreneur at a young age and actually succeed at it,” he says.

By 2015, his company won the local Global Expo’s 2015 and 2016 Best Small Medium Enterprise recognition.

In 2018, Ramatokwane moved the business into a 1,000sqm warehouse providing more services such as event consultation, planning and management.

Since then, the company has executed over 300 events, including the Southern African Inter Revenue Games, De Beers Diamond Week 2019, the Presidential Inauguration 2019 and the Botswana Telecommunications Corporation V-Sat Launch.

He currently employs 20 full-time staff and about 10 part-time contract staff.

Shamim Nabuuma Kaliisa, 24, Uganda

Founder and Executive Director of Chil Artificial Intelligence Lab

Industry: Artificial intelligence in medicine

At only 24, Shamim Nabuuma Kaliisa is an entrepreneur with a background in the medical field.

She is also a cancer survivor.

But she would rather you call her an entrepreneur, she expresses, as she arrives for the FORBES AFRICA 30 Under 30 photoshoot in Johannesburg, straight from the airport, after flying in from Uganda.

Her company Chil Artificial Intelligence Lab was founded out of both passion and personal experience.

When she was 13, she lost her mother to cervical cancer. Kaliisa’s mother had one last wish.

“She called for me from school and when I reached the Uganda Cancer Institute, my mother told me ‘my daughter, study hard and become a doctor and look for a way to extend services to women like your mother who lacked key screening services in our villages’,” Kaliisa recounts.

Those last words sank in and the young Kaliisa vowed to fulfil her mother’s dream.

But things took a different turn.

During her second year pursuing a bachelor’s degree in medicine and surgery, she felt an unusual pain in one of her breasts. She got it tested and the results returned positive.

“Luckily, it was still in its early stages. I was treated, though I lost one of my breasts [to mastectomy] as a way to save the rest of me,” she says.

These experiences led to her founding a company in 2017 to offer mobile cancer screening, which later incorporated the use of artificial intelligence guided e-oncology services (to detect cervical and breast cancer). Today, her company also incorporates drone services for easier transportation of cervical cancer specimens from the rural areas to laboratories without women having to travel long distances out of the villages.

Kaliisa, who locals refer to as “mama cancer”, is a winner of the Takeda Young Entrepreneur Award 2018, Young African Entrepreneur Award 2018, Social Impact Finalist AWIEF Awards 2018, has received an Honourable Mention at the Maathai Impact Award 2019, and was chosen among the top 10 artificial intelligence companies founded in Africa by Google for start-ups.

She has also been endorsed by the Tony Elumelu Foundation.

Kaliisa continues to make strides in the field of cancer screening. Packing up her things after the photoshoot with us, she heads back to the airport for her flight home.

It’s business as usual for this young woman on a mission to help women in villages survive cancer like she did.

Lloyd Harris, 23, South Africa

Tennis player

Industry: Sports

Nicknamed ‘The King’ in the South Africa Davis Cup team, at only 22, Lloyd Harris is currently South Africa’s second ranked tennis player behind Kevin Anderson.

The young Cape Town-born player found his feet at the age of three when he picked up his first racket. Following in the footsteps of his mother, who would play at a tennis club, by the age of four, Harris was already able to serve from the baseline.

When other 10-year-olds were riding bicycles and playing video games, Harris was competing in the Under 10 World Cup in Croatia, his first game on an international stage.

This was the beginning of his tennis career.

In 2014, he became the first-ever South African to represent South Africa at the Youth Olympics in 2014.

But it wasn’t always easy.

Harris and his family sacrificed everything to ensure he reached a professional level.

And in 2018, Harris endured a devastating loss.

At the eleventh hour, while preparing for a match, he received news that his father passed away.

Harris did not react well to the news.

Waves of unimaginable pain shot down his spine, making it difficult for him to play.

“It was an eye-opener that changed my world. He was incredibly proud of me and my tennis. I lay in bed, cried all day, had no idea whether or not I should play. I was ready to get on the next plane home and then decided to stay and play for my father. I won two tournaments, in two weeks,” he tells FORBES AFRICA.

Harris’s decision to continue to play for his father brought him more triumph. In 2018, he was nominated as an alternate for the Next Gen ATP Finals in Milan.

He also represented South Africa at the Davis Cup as the number one player in seven ties with a win-to-loss record of 11-4.

Last year, he qualified for his second Grand Slam main draw at a senior men’s singles level and he reached the 100th spot in the ATP Rankings, cracking the top 100 for the first time in his career.

“I think that as South Africans, we need to have a lot of belief and support to get far on the ATP Tour. Where I come from, nobody has really, for so many years, made it from South Africa. The last one was maybe Wayne Ferreira. It’s hard to believe we can actually do everything from South Africa,” he says.

“I still have plenty of time on the tour and only have to look at Roger Federer, who is still playing at 38 and remains at the top of his game, to gain inspiration. I still have many years to go and we are just focused on the process at the moment.”

DJ Cuppy, 27, Nigeria

DJ, Founder and Director, Red Velvet Music Group

Industry: Entertainment

Many had high expectations for Florence Ifeoluwa Otedola to follow in her family’s oil business and become an oil trader.

Her life was a set stage from the day she was born.

Dancing to the tune, she pursued a degree in economics and management.

“I was convinced my plan was to make lots of money and be the next Femi Otedola!” she tells FORBES AFRICA

But the young Nigerian longed to pursue the arts.

As a teen, she performed at local parties, events and in front of crowds filled with youthful energy.

It was one gig here and another there, honing her skills until she became the reputed DJ she is now.

Otedola now goes by the name ‘DJ Cuppy’ and has become one of Nigeria’s most accomplished DJs, always identified by her trademark pink hair style.

In 2015, she had the opportunity to perform for her country and president Muhammadu Buhari at his inauguration. Since then, she had both her hands on-deck performing all over the world from Senegal and Ghana to the UK, playing in front of more country presidents.

In 2015, she founded The Cuppy Foundation, an NGO aimed at uplifting women, children, and people living with disabilities and tackling issues such as education, malnourishment and poverty.

DJ Cuppy also holds a master’s degree in Music Business from New York University.

She has won a number of awards including Best Female DJ at the Beatz Awards in 2016, 2017, 2018, 2019. This year, she has been nominated for a Nickelodeon’s Kids’ Choice Award.

Mr Eazi, 28, Nigeria

Musician and Founder, emPawa Africa

Industry: Entertainment

Born in Port Harcourt, Nigeria, and raised in Lagos, Oluwatosin Ajibade would sit at the breakfast table with his dad, listening to old records his father used to play.

This was the key moment that inspired Ajibade to become ‘Mr Eazi’, one of Africa’s notable music stars.

He began his music career while attending college in Ghana, where his side hustles included promoting concerts and running a concierge service shuttling wealthy kids to parties.

“I began my career with a small cash gift from friends, which enabled me to pay for my first professional-quality video for Skintight,” he tells FORBES AFRICA.

This later led him to producing more African favorites in 2017 such as Leg Over and Pour Me Water, both sitting at over 74 million views on YouTube.

But the music did not stop there.

His success has also seen him performing on global stages in the UK and the US including being one of only two African artists to play the world’s most prestigious music festival, Coachella in 2019.

Mr Eazi’s ascent to global stardom has seen him clock over 280 million YouTube views and more than 4.1 million Spotify streams per month, making him one of the most streamed African artists worldwide.

But now, Mr Eazi is establishing himself as an entrepreneur as well.

After founding emPawa in 2018, he has been on a global campaign to mentor and fund African artists.

The entity has provided marketing and business support for established acts like Nigeria’s Simi and Ghana’s King Promise.

emPawa also had a notable hand in Beyonce’s Grammy-nominated The Lion King: The Gift album, helping the pop megastar’s US-based team assemble leading African talent for this landmark project.

“It’s something I wish someone had created when I first started making music. Sometimes, all it takes is that one person to believe in you,” he says.

Wisdom Mawuli Parku, 26, Ghana

Founder, Majora Group

Industry: Diversified holdings

Murphy’s Law states that ‘anything that can go wrong will go wrong’, and Wisdom Mawuli learned that very early in life.

“I lost over GHC3,000 ($541) when I had wanted to travel to the US in 2014 and consulted a travel and tour company on campus. My visa was sadly turned down but it spurred me to conduct a detailed research in the traveling and ticketing industry, hence the birth of Majora Group,” he tells FORBES AFRICA.

Majora Group began in a mining community and town called Obuasi in Ghana in 2017 with subsidiaries in travel, education, consultancy, photography and printing.

It came about with Mawuli who wanted to travel to the US but encountered an unfavorable experience.

After the business started, Mawuli again lost a sum of GHC12,000 ($2,162) to a fake Ghanaian recruitment agent in Dubai, leading the business to further setbacks.

“This major setback led my business to huge debt which nearly collapsed after a few months of commencement. Lastly, the Obuasi office caught fire in June 2018 which made me change the entire wiring system of the office building, hence incurring huge financial losses,” he says.

It took a while but Mawuli was able to get the business back on track.

They have sold over 1,000 trips, serviced more than 800 clients and secured five academic accreditations from universities in Europe and Canada as recruitment partners.

The company has grown 57% in revenue last year, he says, and now has two branches in Obuasi and Accra and consists of a staff of nine.

“As an entrepreneur exposed to the high unemployment rate in Ghana, it is my dream to expand my company to become a global conglomerate in Africa so I can create employment for the youth in my country within the company’s capacity. I believe the youth hold the future to sustainable development and I therefore seek to contribute to it through entrepreneurship and job creation.”

Passionate about developing Ghana, Mawuli serves as the executive director for Vision Aid Foundation.

Ogutu Okudo, 28, Kenya

Founder and CEO, Women in Energy & Extractives Africa (WEX Africa)

Industry: Oil and energy

In 2012, Lucky Okudo found herself at a conference on the outskirts of Nairobi discussing environmental sustainability and the strategic role women play.

At the same time, on the opposite end of the continent in the Niger Delta in Nigeria, communities were protesting the negligence in operations by oil companies resulting in oil spills.

“I vividly remember noticing the men dominantly speaking, but it was the woman performing the balancing act of her child on her right hip and yams to feed a family on her head that was the inspiration behind Women in Energy & Extractives Africa that initially began as Women in Oil and Gas East Africa (WIOGEA) [now known as WEX],” she tells FORBES AFRICA.

Ironically, during this period, oil hadn’t been discovered in Kenya yet, but Okudo was on a mission, not knowing that fate would knock on Kenya’s doors months later in 2012.

Oil reserves were discovered in Kenya’s vast and dry remote area of Turkana County and became a source of new wealth and a source of conflict for the pastoralist Turkana people, especially the women who were often the marginalized group.

Part of WEX’s role then was to speak for women in the energy and extractive sector, informing industry participants and decision-makers of the challenges and opportunities women are finding in pursuing careers in these sectors.

To do this, Okudo participated in market meetings and industry bodies to constantly increase the visibility of the organization.

Today, WEX Africa is a social enterprise bridging the gender gap in the oil, gas, mining and alternative energy sectors in Africa

They have 15 employees in five countries and over 75 volunteers in 10 countries and counting. At only 28, Okudo has already been hailed potentially as the next Folorunso Alakija of Africa.

CNN Africa Voices referred to her as “the woman on a mission to disrupt the energy sector”.

She has been recognized internationally and is a recipient of numerous of awards including President Uhuru Kenyatta recognizing her in 2018 as one of the young female Kenyan trailblazers, being awarded the Under 30 Women in Energy East Africa (2018) and in 2019, the Kenya Upstream Oil and Gas Woman of the Year.

In 2019, she addressed the Economic and Social Council at the United Nations Headquarters in New York, accompanying President Kenyatta as part of the Kenyan delegation to the United Nations General Assembly.

“The energy agenda being no different; under-utilized, overpriced, more than half a billion Africans living in darkness and exploited natural resources with little to no impactful gain to individual countries, people and communities. I am passionate about the opportunity to play a role in factoring a development driven by strategic partnerships,” she says.

Okudo sits on numerous boards advising their strategic operations in East Africa including Bboxx Kenya, the London-based next generation off-grid utility platform operating in 15 countries developing solutions for off-grid communities by providing affordable, pay-as-you-go solar power, impacting over a million people.

2020 is a big year for her as she plans to organize STEM outreaches, release a children’s book and publish guidelines to sustainably engaging Women in Energy and Extractive Sector Projects in sub-Saharan Africa.

By the end of the year, Okudo plans to set up offices in all their East African satellite locations.

Patoranking, 29, Nigeria

Musician

Industry: Entertainment

A quick Google search for the best dancehall artists in Africa, and Patoranking’s name is sure to pop up.

His beats are a unique blend of dancehall, reggae and Afrobeats combined, recognizable both on the continent and the global music scene.

In 2016 and 2017, he was a judge on the internationally-acclaimed reality singing competition, The Voice Nigeria.

He was also awarded MTV Africa’s Song of the Year for hit song My Woman, My Everything in 2016.

The following year, he was crowned Best African Artist at the South African Music Awards (SAMA).

Internationally, he was featured on Major Lazer’s Particula hit song alongside Nasty C, Jidenna and Ice Prince in 2018.

In the same year, he traveled with American singer and songwriter Lauryn Hill for The Miseducation for Lauryn Hill album’s 20th anniversary tour across North America as a special guest.

To date, Patoranking has been nominated for over 40 awards including Male Artist of the Year and Best Dancehall Artist, taking home more than 20 awards for these categories.

Tracy Batta, 29, Nigeria

Co-founder and Chief Executive Officer, Smoothie Express

Industry: Food and Beverage

Tracy Batta was determined to live her life like a healthy fruit basket in 2014.

She would blend fruits together into a smoothie detox and would package some to carry to work.

However, the process was often tedious and time-consuming, let alone a bit messy.

So she decided to start a smoothie delivery company for professionals like herself.

With her business partner (Omowunmi Akande), she raised $10,000 from their savings, built a website, bought a motorcycle for deliveries and set out to start the Smoothie Express.

But it wasn’t a smooth start to the business.

They rented out a spare room from a guest house which turned out to be a bad deal.

“We agreed to pay [the owner] 50% of our profit every month. This deal later became crippling for the business as we had to pay out almost a million naira in some months,” Batta tells FORBES AFRICA.

This forced them to find other means.

In 2016, they moved into their own kitchen and the business began to grow as the two researched and carefully-curated their own recipes.

The next year, they opened their first brick-and-mortar store in the heart of Victoria Island and were now able to service walk-in clients.

“People usually do not trust that women are able to handle businesses for a long period as it is believed that we would get married someday, start having babies and ‘abandon’ the business. This however never stopped us as we worked hard to make our business cash-flow positive.”

The company now has grown to launch three modern stores with headquarters in Lagos, Nigeria.

They currently employ a team of 35 while the produce comes from over 15 farms across the country.

Last year, they received a loan from a women empowerment program sponsored by Access Bank.

Batta is also a contributor to The Guardian Nigeria.

She plans to grow Smoothie Express to become an international brand with locations across Africa by 2025.

Olajumoke Oduwole , 29, Nigeria

Founder and CEO and Senior Web Developer, KJK Communication Limited

Industry: Tech / software development        

Bill Gates, Steve Jobs, Elon Musk, Larry Page, Ginni Rometty, Mark Zuckerberg and Jeff Bezos, are but a few of the names Olajumoke Oduwole looks up to.

Very soon, she plans to become a part of this coveted list of techpreneurs.

She founded KJK in 2014 as a one-woman business, able to write 16 programming languages.

The business was founded out of the realization that not many small businesses had access to skilled programmers and tech experts.

“This meant small businesses have a disadvantage from the start. This observation piqued my interest in serving this underserved population,” she says.

After quitting her previous job, she ventured into this unchartered territory in May 2014 from her bedroom with savings of $300.

It was a small space but had lofty dreams.

After a year, the business grew and she was able to open an office and employ two more people.

Today, the team includes 18 full-time employees and works with 37 contract programmers on a project basis.

The business has since built apps such as the tru-DATA app owned by TrippleGee & Co. Plc. a security company which resulted in a contract worth $2 million.

“The tru-DATA product is being used to combat counterfeiting and proliferation of fake products, impacting the community and people’s lives. This feat strengthened our belief in our purpose, instilled a sense of pride, and gave us the vision of being the IBM of Africa,” she says.

Last year, they also received funding from the World Bank.

She is the beneficiary of the Goldman Sachs 10,000 Women, a global initiative that fosters economic growth for women entrepreneurs.

“In the next five to 10 years, I plan to build products that will provide a tangible solution to problems faced by growing businesses in Nigeria and Africa,” she says.

“I believe it is our duty as people sharing life in this world to shape the future. I am committed to building my technology dreams so that the outcome will shape the future of African business. You can partner with me on this journey to influence the economic narrative of Africa for good.”

Paul Makaya, 26, Zimbabwe

Founder and CEO, Bergast House

Industry: Digital design and marketing

It’s not easy doing business in a country perennially in an economic crisis.

But Paul Makaya is defying the odds in Zimbabwe.

With just the $200 he had saved up, Makaya and his friends invested it in 2016 and rented a miniature one-room office space that had only two chairs.

This was only the beginning of Bergast House, a company that offers strategy, public relations, digital and design services.

Today, the two chairs he started the business with have quintupled, as they now have a team of 10 and can gladly say they have worked with numerous organizations including software giant Microsoft.

“The initial trigger was obviously frustration about the limitations of being an employee, but in that sense as well, I felt that as a young, dynamic person, there was so much more that I could offer to the industry,” he tells FORBES AFRICA.

“I also felt we had a part to play in the rise of the African continent. Our vision is to rebrand Africa and this is our purpose.”

The company has served over 103 clients including Zuva Petroleum, Astro Mobile, Maranatha Group of Schools, the Contact Centre Association of Zimbabwe, Tech24, the Chartered Institute of Customer Management, Steward Bank, and the Zimbabwe Agricultural Society, delivering an advertising value of up to $175 million.

Makaya has been listed on the Gumiguru 40 Under 30 list of emerging Zimbabwean leaders and in 2019, was selected to be the vice curator of the World Economic Forum’s Global Shapers Harare Hub.

He is also a founding member of the Zimbabwe National Youth Awards, an annual event which seeks to identify, award, celebrate and develop exceptional young Zimbabweans in all sectors of the country’s economy.

Makaya plans to grow the business into countries such as Rwanda, Kenya, Nigeria, South Africa and Namibia.

Anwar Bougroug, 29, Morocco

Founder and Creative Director, Bougroug

Industry: Fashion

Morocco is home to very diverse coasts, remarkable architecture, intricate handmade cultural pieces, and it is also home to a young designer making a name for himself thanks to his innovation and unique vision for fashion.

Anwar Bougroug founded a genderless fashion label in 2017 called Bougroug.

Since the unisex fashion movement that has been gaining momentum in recent years and as gender fluidity becomes more normalized, Bougroug is pushing boundaries by being one of the few promoting this trend in the north African country known for its conservative people.

“We are breaking the gender binary and gender roles by representing a new kind of individual, freer than ever from societal norms and rules,” he says.

What started out as a personal project to tackle toxic masculinity and empower women in the region became a visible creative fashion house.

With every item uniquely handcrafted down to the very last thread by Moroccan artisans, Bougroug incorporates long-standing Moroccan crafting techniques.

Having roots both in Morocco and Europe, Bougroug has been able to work with different companies such as H&M and Bershka, designing and developing collections for women, men, kids and babies.

Bougroug has its head office in Stockholm, Sweden, and the production office in Marrakech. Last year, Bougroug decided to amplify his social agenda to write about sexuality, gender-based violence, politics, fashion and society in Morocco.

JOHANNESBURG, SOUTH AFRICA – MAY 27: Pieter-Steph du Toit during the South African mens national rugby team photocall session at Southern Sun Montecasino Hotel on May 27, 2018 in Johannesburg, South Africa. (Photo by Lee Warren/Gallo Images)

Pieter-Steph du Toit, 27,

South Africa Rugby player

Industry: Sports

Being the grandson of former professional rugby player, Springbok prop Piet Spiere du Toit, and older brother to Johan, also a professional rugby player, expectations are high to carry on the family legacy.

But Pieter-Steph du Toit is doing well.

He hails from the farm area of Swartland, a region in South Africa’s Western Cape province, and has become a superstar in rugby.

Last year, he was awarded the 2019 Men’s World Rugby Player of the Year and SA Rugby Player of the Year after the Springboks’ victory at the 2019 Rugby World Cup.

“Pieter-Steph led the charge for the Springboks and he deserves this accolade to go with his World Player of the Year Award,” says Mark Alexander, president of SA Rugby, in a press statement.

Du Toit plays as a lock or flanker for the South Africa national team and the Stormers in Super Rugby.

According to rugbypass.com, he has successfully won 90% of his tackles, an easy feat for this two-meter tall and 119kg giant.

With the World Cup triumph now firmly in the past, Du Toit looks forward to two massive goals he has set for himself.

One of those is to play in the 2021 British & Irish Lions tour, while the other is to win Super Rugby with the Stormers in the franchise’s final year at Newlands.

Swanky Jerry, 28, Nigeria

Founder, Chief Creative Officer, Swanky Signatures

Industry: Fashion

Red carpets, glamor, lights and cameras; this is the life of Jeremiah Ogbodo Ike, known as ‘Swanky Jerry’.

Featuring gold shoes and a white and black agbada (a four-piece male attire) resembling the Versace print, Ogbodo’s dresscode is as fitting as his nick name.

Swanky Jerry is a Nigerian celebrity fashion stylist who has dressed the likes of Pearl Thusi, Davido, Nyanda, Yemi Alade, Tiwa Savage, AKA, Sarkodie and African presidents and first ladies.

It was at the first-ever Global Citizen Festival in South Africa late 2018 when FORBES AFRICA first met with him accompanying D’Banj, who he styled, and who performed before the thousands present that day.

Swanky Jerry’s styling can be seen through the subtle blend of couture and African Ankara fabrics.

His love for fashion started at a young age as he and his family traveled a lot from city to city.

“We would usually have to wear the clothes of the locals of each city we visited, to blend in, and I absolutely loved it! Growing up within this lifestyle, I became more inspired by my surroundings and began to invest in Nigerian fashion magazines and people-watching at big events due to the elaborate fashion being paraded,” he tells FORBES AFRICA.

After the death of his father, Ogbode socialized a lot as a coping mechanism.

It was not long before he became known as “that stylish guy”.

“It was a bittersweet journey for me because although I had experienced one of the biggest losses in my life, the death of my father had practically pushed me into the amazing place I am today. I found happiness and peace in creating and was virtually driven to turn my passion into a career in order to make money and fend for myself. And this was during a very difficult time as fashion styling, especially for me, wasn’t very popular or respected in Nigeria. However, I took the risk and I’m very grateful for where it has led me to today,” he says.

He then launched his fashion and lifestyle brand, Swanky Signatures Styling, in 2012, and it has since grown to become one of the most popular and influential brands in the industry.

Creative director, celebrity stylist, wardrobe stylist, designer, social influencer and consultant are just a few titles under his stylish belt.

He is also passionate about giving back and lending his hand to different charities and drawing attention to movements such as ‘Break the Silence’ and #WalkForLove.

He has also been featured internationally by CNN.

LONDON, ENGLAND – AUGUST 09: Silver medalist Nijel Amos of Botswana poses on the podium during the medal ceremony for the Men’s 800m on Day 13 of the London 2012 Olympic Games at Olympic Stadium on August 9, 2012 in London, England (Photo by Cameron Spencer/Getty Images)

Nijel Amos, 26, Botswana

Track and field athlete

Industry: Sports

Nijel Amos is known as Botswana’s 800-meter superstar.

Having shocked the nation by gaining podium position at the 2012 Summer Olympics at just 18 years old, he also made history by becoming the first Motswana to win a medal at the Olympics.

Since then, he has been running swiftly into more victories.

In 2014, he won numerous gold medals: the 800m and 4x400m relay in Marrakech.

The following year, he went on to impress at the Glasgow Commonwealth Games where he won a gold medal and later won gold in the 800m at the All Africa Games.

In more recent years, he has continued to run the good race for his country, clocking some of his best times in the 2019 IAAF season.

Amos has qualified for the 2020 Tokyo Olympics and is a medal hopeful for Botswana, which still only boasts one Olympic medal.

Amos has also founded a foundation called Chase Dream Empire to empower youth, particularly ex-convicts.

Davies Okeowo, 29, Nigeria

Co-founder and CEO, Enterprise Hill and Competence Africa

Industry: Business Development

While in his second year as an undergraduate studying accounting, Davies Okeowo watched an episode of the Donald Trump-produced business reality show, The Apprentice, and it was in that moment he decided that he wanted to become an entrepreneur.

He set to turn his dream into a reality; however, his first business after university failed dismally.

“I made no sales in a full year and burned all my savings,” he says.

Luckily, Okeowo had a mentor who guided him and taught him to build a structure for a sustainable business to the point that he started helping other entrepreneurs and this birthed Enterprise Hill.

With a computer and internet connection, he founded the business in 2015 as an accounting and business development firm in a bid to strengthen medium and small business enterprises across Nigeria.

“I have come to the understanding that the depth of the business structure and human capital problem isn’t just a problem in my sphere of influence, it is a problem across the African continent; which my undertakings are devoted to solving,” he tells FORBES AFRICA.

In 2017, he founded Competence Africa, a social enterprise now focused on the employability of young Nigerians.

“I strongly believe that Africa’s development is largely predicated on the quality of her people and as such, I setup Competence Africa to help ensure that Africa’s youth possess high level commercial competencies,” he says.

Since inception, over 148 students have graduated from their competence development program and impacted over 2,000 businesses.

Returning full circle, the young man whose dream was inspired by a business reality show, became the winner of one, as he won the second season of The Next Titan, a Nigerian entrepreneurial reality show.

“I have a long-term commitment to the African development cause and my theory of change is to invest in the development of young African talent, contribute to the development of strong entrepreneurial ecosystems across the continent, and advocate for developmental policies in a bid to make Africa a first world continent,” he says.

Davies is also a speaker, trainer and has facilitated training sessions for organizations such as The British Council and the Lagos State Ministry of Youth and Sports, to name a few.

Maryam Gwadabe, 29, Nigeria

Founder and CEO, Blue Sapphire Hub

Industry: ICT

Dressed in a veil and abaya, an attire known to the Huasa tribe of Nigeria, Maryam Gwadabe is not your typical Information Technology guru.

Gwadabe is a tech expert passionate about teaching and supporting young people, a gift she discovered when attending a program at a vocational center and she noticed that some of her classmates struggled with their programming skills.

On graduating, she tutored and mentored some of her friends and close relatives.

With a capital investment of NGN150,000 ($405), she then bought some training material, developed a curriculum and started facilitating basic and advanced ICT skills from her living room. But many thought Gwadabe was crazy and what she was doing would fail.

After a year, in 2014, her students exceeded her expectations and her packed living room testified that she was doing something right.

With support from her proud father who saw this growth, she set up a hub in 2015, known today as the Blue Sapphire Hub in the heart of Kano State in northern Nigeria.

The company provides ICT, entrepreneurship and incubation programs and consultancy and product development services to many young men and women, especially those like her.

Gwadabe employs a staff of 15 and since inception, has trained over 5,000 youth and women, and supported over 20 tech-driven and non-tech driven startups with business development support.

“What is more fulfilling than this; impacting the lives of women and seeing the returns? I have been advocating for bridging the digital gender divide for the past five years and now a lot of women are into tech in Nigeria, because of the impact of my work,” she says.

Each year, she hosts different forums such as ‘Hour of Code’, an event for children to learn coding, ‘ICT solutions for her’ and the ‘System trix seminar’ that teaches the latest tech tips, tricks and trends.

Next year, she is opening another hub in the capital city and plans to reach other African countries such as Niger, Chad, the Gambia and Cameroon.

Director Kit, 29, South Africa

Director, Writer and Producer

Industry: Entertainment

When Keitumetsi Qhali, also known as Director Kit, walks into the studio for the FORBES AFRICA 30 Under 30 photoshoot, her demeanor is that of a hard-talking businesswoman, but with a creative twist.

Well, she has to be this way, as a woman in a predominately white male-dominated industry with limited budgets.

Qhali, who hails from the Eastern Cape region of South Africa, is a multi-award winning director.

She works in long and short form films and videos and to date, has directed over 29 videos.

Her early work dates back to 2014 when she directed an African hit music video Rands and Nairas by Nigerian artist Emmy Gee featuring AB Crazy & Dj Dimplez.

The music video won the Best Music Video of the Year award at the 2014 Nigeria Entertainment Awards and was nominated for the Channel O music video award, for the most gifted music video of the year and Most Gifted Newcomer.

Qhali bagged all these wins at the age of 24.

Later, she was signed to the prestigious Darling Films production company as their first black female commercials director.

“It is a big deal to be recognized in this industry. My mom always said I need to work twice as hard as the men. I need to be twice as fast and twice as smart,” she tells FORBES AFRICA.

Fast forward to recent years, her talent continued to stand, on stages locally and internationally.

In 2018, she directed a short film titled The Initiate which was bought by Showmax.

And last year, she was nominated for a Loerie Award for her fashion film Winter Blues for the Edgars winter campaign.

She also won a SAFTA (South African Film and Television Awards) for Best Factual Educational Documentary Programme for her short film titled KICK IT.

Last year, she was also listed as one of the Mail & Guardian Young 200.

She is currently doing some work with Netflix which she says she is not at liberty to talk about right now.

It’s lights, camera and action until then.

Sasha Vybz, 28, Uganda

Founder, Savy Filmz, and Video Director

Industry: Entertainment

Hailing from humble beginnings in the Kabale district of Uganda, Ian Akankwasa, popularly known as ‘Sasha Vybz’, was attracted to motion pictures from a very young age.

“When I was a young kid, I used to love film so much. I was always intrigued. I wanted to find out how they make these movies. I wanted to make movies and I wanted to tell stories. Given the fact that I was a very quiet person I thought I could express myself through filmmaking. I never imagined myself to get this far,” he says.

He taught himself using online resources, and hacks and tricks from his former days as an events photographer but was unable to develop the quality films and videos he yearned for, or to address the lack of high-quality videos in Uganda’s entertainment scene.

So he enrolled at the CityVarsity School of Media Studies and Creative Arts College in Cape Town, South Africa, to pursue his unfulfilled dreams.

Immediately after his studies, he broke into the music scene in East Africa and became one of the most sought-after music directors for artists in Nigeria, South Africa and Burundi.

He began turning Uganda’s music into gold with high-definition quality.

He has worked with top musicians such as Patoranking, Bebe Cool and Toniks.

His talent has seen him bagging awards including Best Video Director at the 2019 African Muzik Awards in Dallas, Texas.

His other awards include Club Music Video Award 2017, HiPipo Video Director 2018/19, Buzz Video of the Year 2016/17 and the Rising Star Video Director 2018/19.

Savy Filmz specializes in motion pictures, music videos, movies and documentaries.

CNN has hailed him as a filmmaker “making music videos as an art form”.

Lewis Appiagyei, 16, Ghana

Car racer

Industry: Sports

At the age of 10, Lewis Appiagyei already had his first Guinness World Record for the fastest lap driven on the Laguna Seca Circuit in virtual racing on PlayStation3.

This record is still unbeaten.

While many boys his age were playing with toy cars, he raced to fame following in the tyre tread of Lewis Hamilton, one of his heroes.

“My aim is to become Africa’s first Formula One world champion, a prize which is still up for grabs to all African racing drivers wherever they may be,” he tells FORBES AFRICA.

Recently, he made it on to the 30 Under 30 Future of Ghana’s list in 2018 and is the current go-karting champion.

His passion for racing has taken him to race tracks in Europe and Dubai.

Early this year, he won his last junior trophy at the Buckmore Park Kart Circuit in Kent England, the same circuit where many current Formula One drivers learned their trade including Jenson Button and Hamilton.

For Appiagyei, this marked the end of the era, and the start of a new one.

There is no telling what the big leagues hold for this young talent but he predicts that he will become a Formula One champion just like his namesake role model.

Hadeel Osman, 29, Sudan

Creative Director, Stylist, Founder, DAVU Studio

Industry: Arts

Hadeel Osman has over seven years of experience in the media and fashion industries.

Her creative inspiration stems from her years raised in the United Arab Emirates and living in Malaysia.

But when she decided to return to Sudan in 2016, her career painted a complicated but optimistic picture.

“Sudan is a very interesting and a difficult nation to create in. Coming here, it was hard to find raw inspiration from the streets. With a very controlling regime, limited resources and a never-ending economic crisis, life was very dim and colors were nowhere in sight,” she tells FORBES AFRICA.

This allowed her to come up with the name of her business, DAVU, which stands for ‘designing a visual utopia’.

It is a multi-disciplinary creative studio that fuses design, art, education and sustainability.

“I also wanted to contribute to the arts and culture scene of my country, which has fallen under the radar both locally in the commercial sphere and regionally across the continent,” she says.

She has worked on several projects with clients in Dubai, Canada, Singapore, Malaysia, Zimbabwe, South Africa and Sudan to enhance their branding strategies.

DAVU Studio offers an array of creative services in the form of art and creative direction, concept development, branding, styling and most importantly, informal education through interactive, immersive and creative workshops.

Through this, she has had the opportunity to work with Sudanese visual artists and designers, and was commissioned by the Sudan Independent Film Festival to train costume designers, jewelry designers and filmmakers.

Being a creative on a mission to change the outlook of her country, she has also dedicated the remainder of her career to uplifting Sudan in the creative field and Africa as a frontier of the world’s art and culture. Osman believes with the recent revolution, the future looks bright as she hopes to create a Sudan chapter of the Fashion Revolution organization, designing a suitable gender-neutral, capsule fashion collection inspired by traditional Sudanese design aesthetics.

O’Plérou Grebet, 22, Ivory Coast

Graphic Designer, Digital Artist, Founder, Zouzoukwa

Industry: Creative Tech

Quiet, creative and impactful are pretty much the words that sum up O’Plérou Grebet, the Ivorian graphic designer on a mission to promote African cultures in modern and interactive ways.

He is the founder and creator of Zouzoukwa, an Android and iOS app which allows thousands of African people to communicate more clearly using stickers and emojis representing African culture.

He has created 365 free emojis that portray contemporary African life. These include three-legged pots, djembe drums, women dressed in ankaras, tuk-tuk vehicles, African masks, hair braids and shekere, a West African percussion instrument made with a dried gourd; all this self-taught watching YouTube videos.

After mastering the skill, he would post his creations on Instagram which soon gained momentum.

Using art, culture and technology, Grebet is sharing West African heritage to the world.

He has since featured in numerous publications, locally, and internationally, including the New York Times, CNN, NPR and Fast Company.

The app has been downloaded more than 100,000 times in less than a year.

“I am aware of the impact of social media, and I use it to allow people to embrace their culture through it. The most popular filter I made is Selflove 225, which adds a rotating text above the head of the user saying ‘ye dja’, which means ‘I slay’ in Ivorian slang,” Grebet tells FOBRES AFRICA.

The African Talents Awards named Zouzoukwa the best app of 2019.

Currently, the Ivorian has been using tech to create Instagram Augmented Reality filters.

“I hope to be one of the 2020 FORBES AFRICA 30 Under 30 to inspire the African youth, and show that what we create has real impact. I also make connections with other Africans transforming our continent and see how we could work together,” the quiet creative says.

ST ALBANS, ENGLAND – MARCH 10: Asisat Oshoala the new Arsenal Ladies signing at London Colney on March 10, 2016 in St Albans, England. (Photo by David Price/Arsenal FC via Getty Images)

Asisat Oshoala, 25, Nigeria

Footballer

Industry: Sports

In a 2017 photograph taken at the CAF Awards ceremony in Accra, Ghana, Asisat Oshoala, stands proudly as the only woman in the photo among some of the football greats: Mohammed Salah, Sadio Mane, and countrymate Pierre-Emerick Aubameyang.

She may not be one of the boys but she is surely in their league.

But growing football was the last thing for a young Nigerian woman to even think about pursuing.

As a result, Oshoala’s parents were not happy when she dropped out of school to pursue a career in the game.

But years later, it paid off as she has built a successful career and become a titan of Nigerian football.

On the pitch, with speed, technique and balance, Oshoala is definitely a keeper.

Recently, she won the Confederation of African Football’s (CAF) Women’s Player of the Year for the fourth time.

“I am really excited, proud of myself; four times is something to always remember,” she told BBC Sport Africa.

“It [the win] keeps me going, but of course, there is still more work to do, I want to create my own history and not just equal someone else’s record. I’m going to give my best to create mine,” she said.

She plays for both the Nigerian national team and internationally, for the Spanish side FC Barcelona Femení in the Primera División as a forward.

Barcelona was to face Spanish rivals Atletico Madrid in the quarterfinals of the UEFA Women’s Champions League, which has now been postponed indefinitely due to the coronavirus outbreak.

Scilla Owusu, 23, Ghana

Video Director, Producer, Screenwriter, and Founder of Youngtrepreneurs

Industry: Entertainment

What do Davido, Burna Boy, Sarkodie, Mr Eazi, Patoranking, Diamond Platnumz, Morgan Heritage, Wande Coal and Maleek Berry all have in common?

Apart from directing many of Africa’s top music hits, they can attribute the creative success of some of their videos to 23-year-old Ghanaian video director, Scilla Owusu.

It all started in the summer of 2015, after Owusu graduated from college with a business studies degree in London and she felt lost and did not know what her life’s purpose was.

Putting pen to paper, Scilla eventually found her passion in screenwriting which led her to launch her first six-part series titled A Lesson Learnt that she wrote and produced.

This led her to win an award at the Screen Nation Film & Television Awards in 2016.

Following this success, Owusu dove into the world of music video production at the age of 19.

“Being in such a male-dominated industry as a music video producer, especially a young black female video producer, felt like being black twice because I had to work twice as hard to prove I was worthy of being in the room, despite my great talents,” she tells FORBES AFRICA.

Within a year, Scilla’s drive led her to direct popular music videos such as Tomorrow by M.anifest featuring Burna Boy, Love coming down by Don EE featuring Davido and Odo Bi by Stonebwoy featuring Sarkodie.

Her love for the entertainment industry led her to launch her own social youth organization in Ghana called Youngtrepreneurs to help young Ghanaian creatives improve their business knowledge, gain work skills and provide career opportunities. Owusu has been featured by different media outlets including the BBC and OkayAfrica.

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Cover Story

Africa’s 50 Most Powerful Women

This is a first-of-its-kind Pan-African unranked compilation of the continent’s leading women, drawn from business, politics, media, science, sports and public life, who are challenging the status quo and creating a trail on terrain where there was none. They are reshaping history, closing inequalities and pioneering new avenues of wealth creation and in turn, lifting others with them.

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This is a first-of-its-kind Pan-African unranked compilation of the continent’s leading women, drawn from business, politics, media, science, sports and public life, who are challenging the status quo and creating a trail on terrain where there was none. They are reshaping history, closing inequalities and pioneering new avenues of wealth creation and in turn, lifting others with them.

To read the full feature, subscribe to Forbes Africa or download the issue here.

NAME COUNTRYTITLE SECTOR
GRACA MACHELSOUTH AFRICAFOUNDER, GRACA MACHEL TRUSTSOCIAL DEVELOPMENT
CLARE AKAMANZIRWANDACEO, RWANDA DEVELOPMENT BOARDSOCIAL DEVELOPMENT/GOVERNANCE
FOLORUNSO ALAKIJANIGERIAEXECUTIVE VICE CHAIR, FAMFA OILOIL SECTOR
JENNIFER RIRIAKENYAGROUP CEO, ECHO NETWORK AFRICA (ENA); FOUNDING MEMBER, KENYA WOMEN FINANCE TRUSTFINANCE
LOUISE MUSHIKIWABORWANDASECRETARY GENERAL, ORGANISATION INTERNATIONALE DE LA FRANCOPHONIE (OIF)
AYA CHEBBITUNISIABLOGGER AND AFRICA UNION YOUTH ENVOYMEDIA
ELSIE KANZA TANZANIAHEAD OF AFRICA AND MEMBER OF THE EXECUTIVE COMMITTEE, WORLD ECONOMIC FORUMFINANCE
IBUKUN AWOSIKANIGERIAFOUNDER AND CEO, THE CHAIR CENTRE GROUPMANUFACTURING
DR JUDY DLAMINISOUTH AFRICAFOUNDER, MBEKANI GROUPSOCIAL DEVELOPMENT
CHARLIZE THERONSOUTH AFRICAHOLLYWOOD ACTRESSENTERTAINMENT
CHIMAMANDA NGOZI ADICHIENIGERIAAUTHOR, PUBLIC SPEAKERPUBLISHING
PHUTI MAHANYELE-DABENGWASOUTH AFRICACEO, NASPERS SOUTH AFRICATECHNOLOGY
OBIAGELI ‘OBY’ EZEKWESILINIGERIASENIOR ECONOMIC ADVISOR, AFRICA ECONOMIC DEVELOPMENT POLICY INITIATIVE (AEDPI)SOCIAL DEVELOPMENT
GLENDA GRAYSOUTH AFRICAPRESIDENT AND CEO, SOUTH AFRICAN MEDICAL RESEARCH COUNCIL (SAMRC)HEALTHCARE
THULI MADONSELASOUTH AFRICALAW TRUST CHAIR, SOCIAL JUSTICE RESEARCH AT STELLENBOSCH UNIVERSITYLAW
WENDY LUHABESOUTH AFRICASOCIAL ENTREPRENEUR & CO-FOUNDER, WIPHOLDFINANCE
ANGÉLIQUE KIDJOBENINFOUR-TIME GRAMMY AWARD WINNERENTERTAINMENT
MANAL ROSTOMEGYPTFOUNDER, SURVIVING HIJAB AND FACE OF NIKE PRO HIJABHEALTH AND FITNESS
LYDIA NSEKERABURUNDIPRESIDENT, NATIONAL OLYMPIC COMMITTEE (NOC) OF BURUNDI AND MEMBER OF FIFA COUNCILSPORT/GOVERNANCE
WINNIE BYANYIMAUGANDAEXECUTIVE DIRECTOR, UNAIDSSOCIAL DEVELOPMENT
NGOZI OKONJO-IWEALANIGERIACHAIR, BOARD OF THE GLOBAL ALLIANCE FOR VACCINES AND IMMUNISATION (GAVI)HEALTHCARE
PHUMZILE MLAMBO-NGCUKASOUTH AFRICAEXECUTIVE DIRECTOR, UNITED NATIONS (UN) WOMENSOCIAL DEVELOPMENT
WARIS DIRIESOMALIAPRESIDENT AND FOUNDER, DESERT FLOWER FOUNDATIONSOCIAL DEVELOPMENT
ELLEN JOHNSON SIRLEAFLIBERIAFIRST FEMALE PRESIDENT OF LIBERIA, NOBEL PEACE LAUREATEGOVERNANCE
YVONNE CHAKA CHAKASOUTH AFRICAAWARD-WINNING MUSICIANENTERTAINMENT
SAHLE-WORK ZEWDEETHIOPIAPRESIDENT OF ETHIOPIAGOVERNANCE
MAMOKGETHI (KGETHI) PHAKENGSOUTH AFRICAVICE-CHANCELLOR, UNIVERSITY OF CAPE TOWN (UCT)EDUCATION
REBECCA ENONCHONGCAMEROONFOUNDER & CEO, APPSTECHTECHNOLOGY
BONANG MATHEBASOUTH AFRICAMEDIA PERSONALITY, ENTREPRENEURENTERTAINMENT
FATMA SAMOURASENEGALSECRETARY-GENERAL, FIFASPORT
IRENE CHARNLEYSOUTH AFRICAFOUNDER, SMILE COMMUNICATIONSTECHNOLOGY
UCHENNA ‘UCHE’ PEDRONIGERIAFOUNDER AND CEO, BELLANAIJAMEDIA
ILWAD ELMANSOMALIAFOUNDER, ELMAN PEACE CENTREACTIVISM
WENDY APPELBAUMSOUTH AFRICAFOUNDER AND CHAIRPERSON, DE MORGENZON WINE ESTATEENTREPRENEUR
OLAJUMOKE ADENOWONIGERIAFOUNDER, AD CONSULTINGADVERTISING
BETHLEHEM TILAHUN ALEMUETHIOPIAFOUNDER AND CEO, SOLEREBELS FOOTWEAR, GARDEN OF COFFEE, TEFFTASTICENTREPRENEUR
NKOSAZANA DLAMINI-ZUMASOUTH AFRICAMINISTER OF COOPERATIVE GOVERNANCE AND TRADITIONAL AFFAIRS, SOUTH AFRICAGOVERNANCE
WENDY ACKERMANSOUTH AFRICAEXECUTIVE DIRECTOR, PICK ‘N PAYRETAIL
CASTER SEMENYASOUTH AFRICAOLYMPIC CHAMPIONSPORT
RAWYA MANSOUREGYPTFOUNDER AND CEO, RAMSCOAGRICULTURE
ARUNMA OTEHNIGERIAACADEMIC SCHOLAR, UNIVERSITY OF OXFORD FORMER TREASURER AND VICE PRESIDENT, WORLD BANK LONDON STOCK EXCHANGE AFRICA ADVISORY GROUP MEMBERFINANCE
FATOU BENSOUDAGAMBIAPROSECUTOR, INTERNATIONAL CRIMINAL COURT (ICC)LAW
HAJER SHARIEFLIBYAHUMAN RIGHTS ADVOCATEACTIVISM
AMINA J. MOHAMMEDNIGERIADEPUTY SECRETARY-GENERAL, UNITED NATIONSSOCIAL DEVELOPMENT
PRECIOUS MOTSEPESOUTH AFRICAFOUNDER, AFRICAN FASHION INTERNATIONALFASHION
LUPITA NYONG’OKENYAOSCAR-WINNING ACTORENTERTAINMENT
VERA SONGWECAMEROONEXECUTIVE SECRETARY, UNITED NATIONS ECONOMIC COMMISSION FOR AFRICASOCIAL DEVELOPMENT
MAGDA WIERZYCKASOUTH AFRICAFOUNDER, SYGNIAFINANCE
TARA FELA-DUROTOYENIGERIAFOUNDER, HOUSE OF TARA INTERNATIONALBEAUTY
THERESA KACHINDAMOTOMALAWICHIEF OF DEDZA DISTRICTSOCIAL DEVELOPMENT

-Mashokane Mahlo

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Billionaires

Africa’s Richest 2020: Steady State With Some Volatility On The Margins

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Like elsewhere in the world, fortunes in Africa can be volatile, thanks to changes like a new currency.


Africa’s billionaires are as a group richer than a year ago. Altogether, the continent’s 20 billionaires are worth a combined $73.4 billion, up from $68.7 billion a year ago.

For the ninth year in a row, Aliko Dangote of Nigeria is the richest person in Africa, worth an estimated $10.1 billion, down from $10.3 billion a year ago amid a slightly lower stock price for his Dangote Cement, his largest holding. The much-heralded oil refinery that Dangote is building in Nigeria is still at least a year away from completion.

Nassef Sawiris of Egypt is the new number two richest, worth $8 billion—up from $6.3 billion last year. Sawiris’ most valuable asset is a stake in shoemaker Adidas worth a recent $4 billion. The increase in Adidas’ share price alone added nearly $1.5 billion to his fortune since January 2019. He also owns a significant stake in fertilizer producer OCI N.V. In 2019, Sawiris and U.S. investor Wes Edens purchased the remaining stake they didn’t own in U.K. Premier League team Aston Villa Football Club.

Number three on the list is Nigeria’s Mike Adenuga, worth $7.7 billion. He owns mobile phone network GloMobile as well as oil producer Conoil and extensive real estate holdings.

One member of this elite group is worth 50% less than a year ago. Due primarily to the introduction of a new (weaker) currency in Zimbabwe, Strive Masiyiwa’s fortune fell to $1.1 billion from $2.3 billion in January 2019. Zimbabwe, which has battled with hyperinflation, had been using the U.S. dollar as its currency, but in 2019 it switched to its own currency, initially called the RTGS. When converted into U.S. dollars, the values of Masiyiwa’s stakes in Zimbabwe-listed mobile phone network Econet Wireless Zimbabwe and Cassava Smartech fell dramatically in dollar terms.

 Just two of the 20 billionaires are women: Isabel dos Santos, the eldest daughter of Angola’s former president, Jose Eduardo dos Santos; and Folorunsho Alakija of Nigeria. Dos Santos’ fortune has declined to an estimated $2.2 billion, down $100 million from a year ago. In late December, an Angola court issued an order to freeze the assets that Isabel dos Santos and her husband, Sindika Dokolo, own in Angola. Those include her stake in telecom firm Unitel and stakes in two Angolan banks; Forbes estimates those assets are worth hundreds of millions of dollars. A statement issued by Isabel dos Santos said the judgment contained “a number of untruths” and that she would fight the decision “by using all the instruments of Angolan and international law at my disposal.”

Country rankings are unchanged from a year ago: Egypt and South Africa are tied with five billionaires each, followed by Nigeria with four and Morocco with two. Forbes found one billionaire each from Algeria, Angola, Tanzania and Zimbabwe. That’s the same as last year but a better representation than nine years ago, when only four African nations were home to ten-figure fortunes.

METHODOLOGY

Our list tracks the wealth of African billionaires who reside in Africa or have their primary businesses there, thus excluding Sudanese-born billionaire Mo Ibrahim, who is a U.K. citizen, and billionaire London resident Mohamed Al-Fayed, an Egyptian citizen. (Strive Masiyiwa, a citizen of Zimbabwe and a London resident, appears on the list due to his expansive telecom holdings in Africa; Isabel dos Santos, a citizen of Angola, has been living in Europe but retains assets in Angola—although they were recently frozen by a court in Angola.) We calculated net worths using stock prices and currency exchange rates from the close of business on Friday, January 10, 2020. To value privately held businesses, we couple estimates of revenues or profits with prevailing price-to-sales or price-to-earnings ratios for similar public companies. Some list members grow richer or poorer within weeks—or days—of our measurement date.

– Written by Kerry A. Dolan

Africa’s Billionaires List

  1. Aliko Dangote

Net worth: $10.1 billion

Origin of wealth: Cement, sugar

Age: 62

Country: Nigeria

Residence: Lagos

Education: Al-Azhar University, Bachelor of Arts/Science

Dangote, Africa’s richest man, founded and chairs Dangote Cement, the continent’s largest cement producer. He owns nearly 85% of publicly-traded Dangote Cement through a holding company. Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa. Dangote also owns stakes in publicly-traded salt, sugar and flour manufacturing companies. Dangote Refinery has been under construction for three years and is expected to be one of the world’s largest oil refineries once complete. 

Did You Know?

Dangote’s grandfather was a successful trader of rice and oats in Kano, Nigeria’s second largest city.

Dangote told Forbes that when he was young, he bought sweets, gave them to others to sell, and he kept the profits.

2. Nassef Sawiris

Net worth: $8 billion

Origin of wealth: Construction, chemicals

Age: 58

Country:  Egypt

Residence: Cairo

Education: University of Chicago

Nassef Sawiris is a scion of Egypt’s wealthiest family. His brother Naguib is also a billionaire. Sawiris split Orascom Construction Industries into two entities in 2015: OCI and Orascom Construction. He runs OCI, one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa; it trades on the Euronext Amsterdam exchange. Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai. His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas.

Did You Know?

A University of Chicago graduate, he donated $24.1 million to the school in 2019 to aid Egyptian students and fund an executive education program.

Nassef Sawiris teamed up with Fortress Investment Group’s Wes Edens to purchase a majority stake in Aston Villa Football Club.

3. Mike Adenuga

Net worth: $7.7 billion

Origin of wealth: Telecom, oil

Age: 66

Country: Nigeria

Residence: Lagos

Education: Pace University, Master of Business

Adenuga, Nigeria’s second richest man, built his fortune in telecom and oil production. His mobile phone network, Globacom, is the third largest operator in Nigeria, with 43 million subscribers. His oil exploration outfit, Conoil Producing, operates six oil blocks in the Niger Delta. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. He made his first million at age 26 selling lace and distributing soft drinks.

4. Nicky Oppenheimer

& family

Net worth: $7.7 billion

Origin of wealth: Diamonds

Age: 74

Country: South Africa

Residence: Johannesburg

Education: Oxford University Christ Church, Master of Arts/Science

Oppenheimer, heir to his family’s fortune, sold his 40% stake in diamond firm DeBeers to mining group Anglo American for $5.1 billion in cash in 2012. He was the third generation of his family to run DeBeers, and took the company private in 2001. For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the world’s diamond trade. In 2014, Oppenheimer started Fireblade Aviation in Johannesburg, which operates chartered flights with its fleet of three planes and two helicopters. He owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe.

Did You Know?

Oppenheimer owns Tswalu Kalahari Reserve, the largest private game reserve in South Africa.

Oppenheimer is a sports fan and plays squash, golf and cricket. Notepads in his office read: “Things I must do before cricket”.

5.Johann Rupert & family

Net worth: $6.5 billion

Origin of wealth: Luxury goods

Age: 69

Country: South Africa

Residence: Cape Town

Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. The company is best known for the brands Cartier and Montblanc. It was formed in 1998 through a spinoff of assets owned by Rembrandt Group Limited (now Remgro Limited), which his father Anton formed in the 1940s. He owns a 7% stake in diversified investment firm Remgro, which he chairs, as well as 25% of Reinet, an investment holding co. based in Luxembourg. In recent years, Rupert has been a vocal opponent of plans to allow fracking in the Karoo, a region of South Africa where he owns land.

Did You Know?

He also owns part of the Saracens English rugby team and Anthonij Rupert Wines, named after his deceased brother.

Rupert says his biggest regret was not buying half of Gucci when he had the opportunity to do so for just $175 million.

6.Issad Rebrab & family

Net worth: $4.4 billion

Origin of wealth: Food

Age: 76

Country: Algeria

Residence: Algiers

Issad Rebrab is the founder and CEO of Cevital, Algeria’s biggest privately-held company. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. After serving eight months in jail on charges of corruption, Rebrab was released on January 1, 2020. He denies any wrongdoing.

Did You Know?

Rebrab is the son of militants who fought for Algeria’s independence from France.

Cevital helped finance a biopic on Algerian resistance hero Larbi Ben M’hidi, who was executed by the French in 1957.

7.Mohamed Mansour

Net worth: $3.3 billion

Origin of wealth: Diversified

Age: 71

Country: Egypt

Residence: Cairo

Education: Auburn University, Master of Business Administration

Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and has 60,000 employees. Mansour established General Motors dealerships in Egypt in 1975, later becoming one of GM’s biggest distributors worldwide. Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries. He served as Egypt’s Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime. His brothers Yasseen and Youssef, who share ownership in the family group, are also billionaires; his son Loutfy heads private equity arm Man Capital.

8.Abdulsamad Rabiu

Net worth: $3.1 billion

Origin of wealth: Cement, sugar

Age: 59

Country: Nigeria

Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.5% of it. Rabiu, the son of a businessman, inherited land from his father. He set up his own business in 1988 importing iron, steel and chemicals.

9.Naguib Sawiris

Net worth: $3 billion

Origin of wealth: Telecom

Age: 65

Country: Egypt

Residence: Cairo

Education: Swiss Federal Polytechnical Institute, Master of Science; Swiss Federal Polytechnical Institute, Bachelor of Arts/Science

Naguib Sawiris is a scion of Egypt’s wealthiest family. His brother Nassef is also a billionaire. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction. He’s chairman of Orascom TMT Investments, which has stakes in a major asset manager in Egypt and an Italian internet company, among others. Family holding La Mancha has stakes in Evolution Mining, Endeavour Mining and Golden Star Resources, which operate gold mines in Africa and Australia. Sawiris is a majority owner in Euronews. He’s also developed a luxury resort called Silversands in Grenada.

Did You Know?

Sawiris helped found The Free Egyptians, a liberal political party, at the onset of Egypt’s uprisings in 2011. 

In 2015, he offered to buy a Greek or Italian island to house Syrian refugees, but Greece and Italy turned him down.

10.Patrice Motsepe

Net worth: $2.6 billion

Origin of wealth: Mining

Age: 57

Country: South Africa

Residence: Johannesburg

Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 – the first black African on the Forbes list. In 2016, he launched a new private equity firm, African Rainbow Capital, focused on investing in Africa. Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club. He became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a contracting business doing mine scut work. In 1994, he bought low-producing gold mine shafts and later turned them profitable.

11. Koos Bekker

Net worth: $2.5 billion

Origin of wealth: Media, investments

Age: 67

Country: South Africa

Residence: Cape Town

Education: Columbia Business School, Master of Business Administration; University of Witwatersrand, LLB

Bekker is revered for transforming South African newspaper publisher Naspers into an ecommerce investor and cable TV powerhouse. He led Naspers to invest in Chinese Internet and media firm Tencent in 2001 – by far the most profitable of the bets he made on companies elsewhere. In 2019, Naspers put some assets into two publicly-traded companies, entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake. It sold a 2% stake in Tencent in March 2018, its first time reducing its holding, but stated at the time it would not sell again for three years. Bekker, who retired as the CEO of Naspers in March 2014, returned as chairman in April 2015.

Did You Know?

His Babylonstoren estate, nearly 600 acres in South Africa’s Western Cape region, features architecture dating back to 1690, a farm, orchard and vineyard and more.

Over the summer of 2015, he sold more than 70% of his Naspers shares.

12.Yasseen Mansour

Net worth: $2.3 billion

Origin of wealth:  Diversified

Age: 58

Country: Egypt

Residence: Cairo

Education: George Washington University,

Bachelor of Arts/Science

Mansour is a shareholder in family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt and several other countries. His brothers Mohamed and Youssef are also billionaires and part owners of Mansour Group. He’s chairman of Palm Hills Developments, one of Egypt’s biggest real estate developers.

Did You Know?

Mansour Group is the sole franchisee of McDonald’s in Egypt, as well as the distributor of Gauloises cigarettes.

13.Isabel dos Santos

Net worth: $2.2 billion

Origin of wealth: Investments

Age: 46

Country: Angola

Education: King’s College London, Bachelor of Arts/Science

Dos Santos is the oldest daughter of Angola’s longtime former president, Jose Eduardo dos Santos, who stepped down in fall 2017. Her father made her head of Sonangol, Angola’s state oil firm, in June 2016, but Angola’s new president removed her from that role in November 2017. Forbes research found that while Isabel’s father was president, she ended up with stakes in Angolan companies including banks and a telecom firm. She owns shares of Portuguese companies, including telecom and cable TV firm Nos SGPS. A spokesperson for Isabel told Forbes that she “is an independent business woman and a private investor representing solely her own interests.” In December 2019, an Angolan court issued an order freezing her stakes in Angolan companies, part of a suit about funds she owes to the state oil firm.

Did You Know?

Isabel dos Santos is nicknamed “the princess” in Angola.

Santos’ mother, Tatiana Kukanova, met her father while he was a student in Azerbaijan. The couple later divorced.

14.Youssef Mansour

Net worth: $1.9 billion

Origin of wealth: Diversified

Age: 74

Country: Egypt

Residence: Cairo

Education: Auburn University, Master of Business Administration; North Carolina State University, Bachelor of Science in Engineering

Mansour is chairman of family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt and several other countries. He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for L’Oreal in Egypt. Younger brothers Mohamed and Yasseen are also billionaires and part owners of Mansour Group.

Did You Know?

Former Egypt President Gamal Abdel Nasser nationalized his father’s original cotton trading business.

Mansour is a founding member of the American Egyptian Chamber of Commerce.

15. Aziz Akhannouch

& family

Net worth: $1.7 billion

Origin of wealth: Petroleum, diversified

Age: 59

Country: Morocco

Residence: Casablanca

Education: Universite de Sherbrooke, Master of Business Administration

Aziz Akhannouch is the majority owner of Akwa Group, a multibillion-dollar conglomerate founded by his father and a partner, Ahmed Wakrim, in 1932. It has interests in petroleum, gas and chemicals through publicly-traded Afriquia Gaz and Maghreb Oxygene. Akhannouch is Morocco’s Minister of Agriculture and Fisheries and the president of a royalist political party.

Did You Know?

His wife Salwa Idrissi runs her own company, which has franchises for Gap, Gucci and Ralph Lauren in Morocco.

16.Mohammed Dewji

Net worth: $1.6 billion

Origin of wealth:  Diversified

Age: 44

Country: Tanzania

Residence: Dar es Salaam

Mohammed Dewji is the CEO of MeTL, a Tanzanian conglomerate founded by his father in the 1970s. MeTL is active in textile manufacturing, flour milling, beverages and edible oils in eastern, southern and central Africa. MeTL operates in at least six African countries and has ambitions to expand to several more. Dewji, Tanzania’s only billionaire, signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes. Dewji was reportedly kidnapped at gunpoint in Dar es Salaam, Tanzania, in October 2018 and released after nine days.

Did You Know?

Dewji retired from Tanzania’s parliament in early 2015 after completing two terms.

Dewji, who is known as Mo (short for Mohammed), launched Mo Cola several years ago to compete with Coca Cola.

17.Othman Benjelloun

& family

Net worth: $1.4 billion

Origin of wealth: Banking, insurance

Age: 87

Country: Morocco

Residence: Casablanca

Education: Ecole Polytechnique de Lausanne, Diploma

Benjelloun is CEO of BMCE Bank of Africa, which has a presence in more than 20 African countries. His father was a shareholder in RMA Watanya, a Moroccan insurance company; Benjelloun built it into a leading insurer. Through his holding company FinanceCom, he has a stake in the Moroccan arm of French telecom firm Orange. He inaugurated in 2014 a $500 million plan to build the 55-story Mohammed VI Tower in Rabat. It will be one of the tallest buildings in Africa. FinanceCom is part of a project to develop a multibillion-dollar tech city in Tangiers that is expected to host 200 Chinese companies.

Did You Know?

He co-owns Ranch Adarouch, one of the biggest cattle breeders in Africa.

Benjelloun and his wife received the David Rockefeller Bridging Leadership Award for building schools in rural Morocco in 2016.

18.Michiel Le Roux

Net worth: $1.3 billion

Origin of wealth: Banking

Age: 70

Country: South Africa

Residence: Stellenbosch

Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. The bank, which trades on the Johannesburg Stock Exchange, targets South Africa’s emerging middle class. He served as chairman of the board of Capitec from 2007 to 2016 and has continued on as a board member. Le Roux previously ran Boland Bank, a small regional bank in Cape Town’s hinterland.

Did You Know?

The bank has more than 800 branches and over 13,000 employees.

Fellow South African Jannie Mouton’s PSG Group owns a 30% stake in Capitec Bank.

19.Strive Masiyiwa

Net worth: $1.1 billion

Origin of wealth: Telecom

Age: 58

Country: Zimbabwe

Residence: London

Education: University of Wales, Bachelor of Engineering

Masiyiwa overcame protracted government opposition to launch mobile phone network Econet Wireless Zimbabwe in his country of birth in 1998. He owns just over 50% of the publicly-traded Econet Wireless Zimbabwe, which is one part of his larger Econet Group. Masiyiwa also owns just over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa. His other assets include stakes in mobile phone networks in Burundi and Lesotho, and investments in fintech and power distribution firms in Africa. He and his wife Tsitsi founded the Higherlife Foundation, which supports orphaned and poor children in Zimbabwe, South Africa, Burundi and Lesotho.

Did You Know?            

After studying at university in Britain, Masiyiwa worked at ZPTC, Zimbabwe’s phone company.

He left ZPTC to start an engineering services firm, then sold it and founded Econet Wireless Zimbabwe, but had to battle the government in court for years

20.Folorunso Alakija

Net worth: $1 billion

Origin of wealth: Oil

Age: 69

Country: Nigeria

Residence: Lagos

Folorunso Alakija is vice chair of Famfa Oil, a Nigerian oil exploration company with a stake in Agbami Oilfield, a prolific offshore asset. Famfa Oil’s partners include Chevron and Petrobras. Alakija’s first company was a fashion label whose customers included the wife of former Nigerian president Ibrahim Babangida. The Nigerian government awarded Alakija’s company an oil prospecting license in 1993, which was later converted to an oil mining lease. The Agbami field has been operating since 2008; Famfa Oil says it will likely operate through 2024.


What It’s Like Meeting Africa’s Richest Man

 FORBES AFRICA journalist Peace Hyde says she first interviewed Aliko Dangote in Nigeria about three years ago for the popular FORBES AFRICA show, My Worst Day With Peace Hyde, airing on CNBC Africa, and has since had the privilege of meeting and speaking with him several times at both official and private functions.

“Dangote is someone who is extremely focused and driven with a bullish passion for Africa. For him, the goal is to dream as big and as grandiose as you can when it comes to the future of Africa because he believes, we have the human capital and resources to transform our continent. Everything is possible in his mind. His approach to business is testament to this fact.”

The largest employer in Africa’s most populous economy, he is also seen as a stabilizing force within the economies of several countries across the African continent. His story, however, has not been without failure.

“Dangote has had his fair share of ups and downs. But his advice to young entrepreneurs is having the ability to delay gratification and work hard through tough times so they can enjoy the fruits of their labor at a later date,” says Hyde.

Through the Dangote Foundation, which has the objective of reducing the number of lives lost to malnutrition and disease as well as combating Severe Acute Malnutrition (SAM) in children, thousands of children have been saved from the brink of death.

Dangote is also known as a man of few words. “I have seen him spend an entire afternoon answering questions about his business to a room of MBA graduates and proceeding to take pictures with everyone before leaving.

“You will not find any of the obvious trappings of wealth like flashy cars or a big entourage with him and he takes the time to speak to anyone who approaches him at a function,” adds Hyde.

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