The 20 Most Powerful People In African Business
gomoguruWell tried, but you left out two of africas most important:Mfonobong Nsehe, Contributorgomoguru, Johann Rupert and Mike Adenuga are wealthy folks, no doubt. But they dont have as much clout and international respect as these 20. Trust me.5 comments, 2 called-out + Comment now Mfonobong Nsehe, Contributor
gomoguru, Johann Rupert and Mike Adenuga are wealthy folks, no doubt. But they dont have as much clout and international respect as these 20. Trust me.
+ Comment now
Nicky Oppenheimer, Chairman, De Beers Group
Africa means business. The past decade has seen an enormous number of mega-corporations emerge on the continent. However, a vast number of these companies are run by foreigners. For example, SABMiller, the worlds second largest beverages maker, is led by CEO Graham Mackay, an American. The head of AngloGold Ashanti (AU), the worlds largest gold producer, is Mark Cutifani, an Australian national. Safaricom, East Africas largest telecoms provider, is run by Bob Collymore, a Guyanese.
However, a new league of African businessmen is emerging. They are bold and fearlessly ambitious, building pan-African companies with regional and even global presences. They are influencers and change-makers. Their voices are never ignored within Africas business and political circles, and through their resolutions and actions, they shape the economic future of the continent. Here are the 20 most powerful men in African business:
Marius Kloppers
Nationality: South African
Job: C.E.O BHP Billiton
The worlds largest mining company, BHP Billiton (BBL) has ridden the crest of the biggest commodities boom in recent times. The company is set to announce a pre-tax profit of $30 billion in June, the largest in recent British corporate history. Kloppers spearheaded it all. His biggest problem: How to spend the money. Possible solutions: Massive share buy-back, strategic acquisitions, or increased dividend payout to shareholders.
Kloppers earned his MBA at INSEAD; worked at Sasol (SSL), Mintek and McKinsey & Co before joining Billiton in 1993. He became C.E.O in 2007.
Jacko Maree
Nationality: South African
Job: C.E.O, Standard Bank Group
The former Rhodes Scholar sits at the helm of affairs at Standard Bank Group, Africas largest financial services conglomerate. The $26 billion (market cap) group operates in 33 countries (17 are in Africa). He led the bank through its aggressive global expansion, making key acquisitions in Turkey, Russia, Argentina and Jersey.
Maree currently serves as chairman of The Banking Association (S.A.) and is a former director of the International Monetary Conference.
Patrick Davies
Nationality: South African
Job: CEO, Sasol
Patrick Davies is CEO of Sasol (SSL), Africas largest energy company, headquartered in South Africa. The $34 billion (market cap) company is the continents leader in the commercial production and marketing of chemicals and liquid fuels. It is rapidly expanding into oil and gas exploration.
Davies is credited with driving the internationalization of Sasols gas-to-liquids technology. He has a degree in mechanical engineering from the University of Natal, South Africa.
Nicky Oppenheimer
Nationality: South African
Job: Chairman, De Beers Group
Oppenheimer, an Oxford grad and South Africas richest man, chairs De Beers Group, the worlds largest diamond producer, as well as its subsidiary, The Diamond Trading Company. He sold nearly 8% of his stake in AngloAmerican, the mining giant founded by his grandfather Ernest Oppenheimer in 1917. Now owns 2%. The passionate environmental conservationist owns the Tswalu Kalahari Reserve, the largest private game reserve in South Africa. Avid cricketer.
Sifiso Dabengwa
Nationality: Zimbabwe
Job: CEO, MTN Group
Big job ahead: Sifiso Dabengwa was recently appointed the Group Chief Executive of MTN, Africas largest telecommunications firm. Company boasts 118 million subscribers in 21 countries. He has held several strategic managerial posts in the company, at one point manning the companys Nigerian operations, its most profitable market. Prior to joining MTN, Dabengwa worked at South African electricity generator Eskom. Trained electrical engineer has an MBA from the University of Witwatersrand.
Cyril Ramaphosa
Nationality: South African
Job: Chairman, Shanduka Group, MTN
One of South Africas most respected business and political figures. In 2007, he was named by Time Magazine as one of the worlds most influential people. A renowned boardroom guru, he chairs the board of telecoms giant MTN and serves on the board of Standard Chartered Bank. He is the founder and Executive Chairman of Shanduka Group, a pioneering Black Economic Empowerment (BEE) Investment Holding company with substantial interests in energy, financial services, natural resources and property. Recently acquired the South African operations of American fast food giant, McDonalds (MCD).
Aliko Dangote
Nationality: Nigerian
Job: President, Dangote Group
The former commodities trader is now a billionaire who heads the Dangote Group, a conglomerate with interests in sugar, flour and cement. Crown jewel: $12 billion (market cap) Dangote Cement. Already the continents largest cement manufacturer, the company plans to list on the London Stock Exchange before the end of the year. But investors are skeptical. The companys stock is down 15% since listing on the Nigerian Stock Exchange last year; yet to bounce back to IPO price. Dangote is a major financier of Nigerias ruling Peoples Democratic Party.
Koos Bekker
Nationality: South African
Job: CEO, Naspers
South African media mogul is CEO of Naspers, Africas largest media conglomerate; also its biggest individual shareholder. The $12 billion (market capitalization) company owns stake in pay-TV giant DSTV; Russian Internet company Mail.ru; Brazilian publisher Abril and Chinese Internet service provider Tencent. He was also a founding director of MTN and served on the local organizing committee for the 2010 FIFA Soccer World Cup. Also serves on the council of Stellenbosch University, his alma mater. Chief executive of Naspers since 1997.
Abdeslam Ahizoune
Nationality: Moroccan
Job: Chairman & CEO, Maroc Telecom
The Moroccan is the chief executive of Maroc Telecoms, one of the continents largest telecommunication companies (owned by French media giant Vivendi). Prior to the appointment, he was Chairman and Chief Executive Officer of Medi1Sat, the Moroccan television channel now called Medi 1 TV. Still remains a Director. He holds an engineering degree from Telecom ParisTech (1977) and was appointed the chairman of the Moroccan Association of Telecom Professionals (MATI) in 2008. He serves as the President of the Royal Moroccan Athletic Federation.
Onsi Sawiris
Nationality: Egyptian
Job: founder, Orascom Group
Legendary patriarch of Egypts most powerful business dynasty. The Orascom Group which he founded has interests in telecoms, hotels and construction. The companies are all run by his three sons- Naguib, Samih and Nassefall billionaires like Onsi.
Naguib Sawiris
Nationality: Egyptian
Job: CEO, Orascom Telecom Holding
Call him the Peacemaker. After being a vocal critic of Mubarak regime, the Egyptian telecoms billionaire and eldest son of Onsi Sawiris offered to act as a mediator between the government and the opposition in implementing political reforms after Hosni Mubarak stepped down. Naguib heads Orascom Telecom Holding, which owns massive stakes mobile service operators across Middle East, Africa, South Asia, Europe and Canada.
Patrice Motsepe
Nationality: South African
Job: Chairman, African Rainbow Minerals
South Africas first black billionaire is Executive Chairman at African Rainbow Minerals Limited (ARM), a leading diversified mining and minerals company, based in Johannesburg. He is also the non-executive Chairman of Harmony and the Deputy Chairman of listed financial services firm, Sanlam. Ardent soccer fan owns South-Africas Mamelodi Sundowns Football Club.
Wale Tinubu
Nationality: Nigerian
Job: C.E.O Oando
Trained lawyer bought up Unipetrol, a floundering government-owned petroleum marketing company; transformed into Oando, Nigerias largest indigenous integrated energy services provider; active in various West African countries. Oando was the first Nigerian company to achieve a cross-listing on the Nigerian and Johannesburg stock exchanges. Big ambitions: Looking to create Africas first oil major. Tinubu serves as co-chair of the World Economic Forum in Africa. Alumnus of the London School of Economics.
Naushad Merali
Nationality: Kenyan
Job: Chairman, Sameer Group
The reclusive Indian-Kenyan is one of East Africas most revered businessmen and dealmakers. He heads the Sameer Group a $2 billion privately held conglomerate with interests in construction, engineering, energy, finance, transportation and software. Also chairs Bharti Airtels operations in Kenya. Has close links with countrys president, Mwai Kibaki.
Strive Masiyiwa
Nationality: Zimbabwe
Job: Chairman, Econet Group
The Zimbabwean telecoms visionary founded Econet Wireless, one of the pioneering providers of mobile phone services in Africa. Now seeking expansion outside Africa; company owns a 3G license in New Zealand. He also serves on the Board of Trustees at the Rockefeller foundation.
Reginald Mengi
Nationality: Tanzania
Job: Chairman, IPP Group
Mengi is one of Africas most powerful media barons. Started out as an accountant; made first millions manufacturing ballpoint pens and selling them to big retailers. Today, he heads IPP Group, a diversified media conglomerate active in East Africa. Assets include 9 newspapers, 2 television stations and 3 radio stations. Also owns a Coca-Cola bottling plant in Dar-es Salaam.
James Mwangi
Nationality: Kenyan
Job: CEO, Equity Bank
Charismatic Kenyan banker turned around a moribund microfinance company into East Africas largest financial services provider. Equity bank now serves millions of customers all over East Africa. Remains largest individual shareholder. Represents Africa in the presidency of the Global Economic Network and also serves as an advisor to the United Nations Environmental Program (UNEP) on commercialization of microfinance in Africa. Member of the Clinton Global Initiative.
Sam Jonah
Nationality: Ghanaian
Job: Executive Chairman, Jonah Capital
The former president of AngloGold Ashanti was instrumental in transforming the mining company into a multinational corporation; increased gold production from 240,000 ounces per annum to over 1.6 million ounces in ten years. Also spearheaded companys listing as the first African company on the New York Stock Exchange. Currently serves as CEO of Jonah Capital, a South African based investment holding company. Jonah, a prominent boardroom guru seats on the board of several companies including Transnet, ArcelorMittal SA (MT), and the Standard Bank Group.
Chris Kirubi
Nationality: Kenya
Designation: Chairman, Haco Tiger Industries
One of the most vocal advocates for trade and economic reforms in East-Africa, Chris Kirubi founded privately-held Haco Tiger Industries, the regions largest manufacturer of household consumer goods. Other assets include Kenyas landmark International House building; largest shareholding in Centum, a Nairobi Stock Exchange-listed investment firm with interests in everything from insurance to Coca-Cola bottling plants, telecoms and energy. INSEAD alumnus.
Donald Kaberuka
Nationality: Rwandan
Job: President, African Development Bank
The Rwandese economist is the current President of the African Development Bank. The 78 country-member financial institution provides loans and grants to African governments and private companies operating within the regional member countries in Africa. ADB commits at least $3 billion to African governments annually. Kaberuka has a PhD in economics from Glasgow University, Scotland
gomoguruWell tried, but you left out two of africas most important:Mfonobong Nsehe, Contributorgomoguru, Johann Rupert and Mike Adenuga are wealthy folks, no doubt. But they dont have as much clout and international respect as these 20. Trust me.5 comments, 2 called-out + Comment now Mfonobong Nsehe, Contributor
gomoguru, Johann Rupert and Mike Adenuga are wealthy folks, no doubt. But they dont have as much clout and international respect as these 20. Trust me.
+ Comment now
Nicky Oppenheimer, Chairman, De Beers Group
Africa means business. The past decade has seen an enormous number of mega-corporations emerge on the continent. However, a vast number of these companies are run by foreigners. For example, SABMiller, the worlds second largest beverages maker, is led by CEO Graham Mackay, an American. The head of AngloGold Ashanti (AU), the worlds largest gold producer, is Mark Cutifani, an Australian national. Safaricom, East Africas largest telecoms provider, is run by Bob Collymore, a Guyanese.
However, a new league of African businessmen is emerging. They are bold and fearlessly ambitious, building pan-African companies with regional and even global presences. They are influencers and change-makers. Their voices are never ignored within Africas business and political circles, and through their resolutions and actions, they shape the economic future of the continent. Here are the 20 most powerful men in African business:
Marius Kloppers
Nationality: South African
Job: C.E.O BHP Billiton
The worlds largest mining company, BHP Billiton (BBL) has ridden the crest of the biggest commodities boom in recent times. The company is set to announce a pre-tax profit of $30 billion in June, the largest in recent British corporate history. Kloppers spearheaded it all. His biggest problem: How to spend the money. Possible solutions: Massive share buy-back, strategic acquisitions, or increased dividend payout to shareholders.
Kloppers earned his MBA at INSEAD; worked at Sasol (SSL), Mintek and McKinsey & Co before joining Billiton in 1993. He became C.E.O in 2007.
Jacko Maree
Nationality: South African
Job: C.E.O, Standard Bank Group
The former Rhodes Scholar sits at the helm of affairs at Standard Bank Group, Africas largest financial services conglomerate. The $26 billion (market cap) group operates in 33 countries (17 are in Africa). He led the bank through its aggressive global expansion, making key acquisitions in Turkey, Russia, Argentina and Jersey.
Maree currently serves as chairman of The Banking Association (S.A.) and is a former director of the International Monetary Conference.
Patrick Davies
Nationality: South African
Job: CEO, Sasol
Patrick Davies is CEO of Sasol (SSL), Africas largest energy company, headquartered in South Africa. The $34 billion (market cap) company is the continents leader in the commercial production and marketing of chemicals and liquid fuels. It is rapidly expanding into oil and gas exploration.
Davies is credited with driving the internationalization of Sasols gas-to-liquids technology. He has a degree in mechanical engineering from the University of Natal, South Africa.
Nicky Oppenheimer
Nationality: South African
Job: Chairman, De Beers Group
Oppenheimer, an Oxford grad and South Africas richest man, chairs De Beers Group, the worlds largest diamond producer, as well as its subsidiary, The Diamond Trading Company. He sold nearly 8% of his stake in AngloAmerican, the mining giant founded by his grandfather Ernest Oppenheimer in 1917. Now owns 2%. The passionate environmental conservationist owns the Tswalu Kalahari Reserve, the largest private game reserve in South Africa. Avid cricketer.
Sifiso Dabengwa
Nationality: Zimbabwe
Job: CEO, MTN Group
Big job ahead: Sifiso Dabengwa was recently appointed the Group Chief Executive of MTN, Africas largest telecommunications firm. Company boasts 118 million subscribers in 21 countries. He has held several strategic managerial posts in the company, at one point manning the companys Nigerian operations, its most profitable market. Prior to joining MTN, Dabengwa worked at South African electricity generator Eskom. Trained electrical engineer has an MBA from the University of Witwatersrand.
Cyril Ramaphosa
Nationality: South African
Job: Chairman, Shanduka Group, MTN
One of South Africas most respected business and political figures. In 2007, he was named by Time Magazine as one of the worlds most influential people. A renowned boardroom guru, he chairs the board of telecoms giant MTN and serves on the board of Standard Chartered Bank. He is the founder and Executive Chairman of Shanduka Group, a pioneering Black Economic Empowerment (BEE) Investment Holding company with substantial interests in energy, financial services, natural resources and property. Recently acquired the South African operations of American fast food giant, McDonalds (MCD).
Aliko Dangote
Nationality: Nigerian
Job: President, Dangote Group
The former commodities trader is now a billionaire who heads the Dangote Group, a conglomerate with interests in sugar, flour and cement. Crown jewel: $12 billion (market cap) Dangote Cement. Already the continents largest cement manufacturer, the company plans to list on the London Stock Exchange before the end of the year. But investors are skeptical. The companys stock is down 15% since listing on the Nigerian Stock Exchange last year; yet to bounce back to IPO price. Dangote is a major financier of Nigerias ruling Peoples Democratic Party.
Koos Bekker
Nationality: South African
Job: CEO, Naspers
South African media mogul is CEO of Naspers, Africas largest media conglomerate; also its biggest individual shareholder. The $12 billion (market capitalization) company owns stake in pay-TV giant DSTV; Russian Internet company Mail.ru; Brazilian publisher Abril and Chinese Internet service provider Tencent. He was also a founding director of MTN and served on the local organizing committee for the 2010 FIFA Soccer World Cup. Also serves on the council of Stellenbosch University, his alma mater. Chief executive of Naspers since 1997.
Abdeslam Ahizoune
Nationality: Moroccan
Job: Chairman & CEO, Maroc Telecom
The Moroccan is the chief executive of Maroc Telecoms, one of the continents largest telecommunication companies (owned by French media giant Vivendi). Prior to the appointment, he was Chairman and Chief Executive Officer of Medi1Sat, the Moroccan television channel now called Medi 1 TV. Still remains a Director. He holds an engineering degree from Telecom ParisTech (1977) and was appointed the chairman of the Moroccan Association of Telecom Professionals (MATI) in 2008. He serves as the President of the Royal Moroccan Athletic Federation.
Onsi Sawiris
Nationality: Egyptian
Job: founder, Orascom Group
Legendary patriarch of Egypts most powerful business dynasty. The Orascom Group which he founded has interests in telecoms, hotels and construction. The companies are all run by his three sons- Naguib, Samih and Nassefall billionaires like Onsi.
Naguib Sawiris
Nationality: Egyptian
Job: CEO, Orascom Telecom Holding
Call him the Peacemaker. After being a vocal critic of Mubarak regime, the Egyptian telecoms billionaire and eldest son of Onsi Sawiris offered to act as a mediator between the government and the opposition in implementing political reforms after Hosni Mubarak stepped down. Naguib heads Orascom Telecom Holding, which owns massive stakes mobile service operators across Middle East, Africa, South Asia, Europe and Canada.
Patrice Motsepe
Nationality: South African
Job: Chairman, African Rainbow Minerals
South Africas first black billionaire is Executive Chairman at African Rainbow Minerals Limited (ARM), a leading diversified mining and minerals company, based in Johannesburg. He is also the non-executive Chairman of Harmony and the Deputy Chairman of listed financial services firm, Sanlam. Ardent soccer fan owns South-Africas Mamelodi Sundowns Football Club.
Wale Tinubu
Nationality: Nigerian
Job: C.E.O Oando
Trained lawyer bought up Unipetrol, a floundering government-owned petroleum marketing company; transformed into Oando, Nigerias largest indigenous integrated energy services provider; active in various West African countries. Oando was the first Nigerian company to achieve a cross-listing on the Nigerian and Johannesburg stock exchanges. Big ambitions: Looking to create Africas first oil major. Tinubu serves as co-chair of the World Economic Forum in Africa. Alumnus of the London School of Economics.
Naushad Merali
Nationality: Kenyan
Job: Chairman, Sameer Group
The reclusive Indian-Kenyan is one of East Africas most revered businessmen and dealmakers. He heads the Sameer Group a $2 billion privately held conglomerate with interests in construction, engineering, energy, finance, transportation and software. Also chairs Bharti Airtels operations in Kenya. Has close links with countrys president, Mwai Kibaki.
Strive Masiyiwa
Nationality: Zimbabwe
Job: Chairman, Econet Group
The Zimbabwean telecoms visionary founded Econet Wireless, one of the pioneering providers of mobile phone services in Africa. Now seeking expansion outside Africa; company owns a 3G license in New Zealand. He also serves on the Board of Trustees at the Rockefeller foundation.
Reginald Mengi
Nationality: Tanzania
Job: Chairman, IPP Group
Mengi is one of Africas most powerful media barons. Started out as an accountant; made first millions manufacturing ballpoint pens and selling them to big retailers. Today, he heads IPP Group, a diversified media conglomerate active in East Africa. Assets include 9 newspapers, 2 television stations and 3 radio stations. Also owns a Coca-Cola bottling plant in Dar-es Salaam.
James Mwangi
Nationality: Kenyan
Job: CEO, Equity Bank
Charismatic Kenyan banker turned around a moribund microfinance company into East Africas largest financial services provider. Equity bank now serves millions of customers all over East Africa. Remains largest individual shareholder. Represents Africa in the presidency of the Global Economic Network and also serves as an advisor to the United Nations Environmental Program (UNEP) on commercialization of microfinance in Africa. Member of the Clinton Global Initiative.
Sam Jonah
Nationality: Ghanaian
Job: Executive Chairman, Jonah Capital
The former president of AngloGold Ashanti was instrumental in transforming the mining company into a multinational corporation; increased gold production from 240,000 ounces per annum to over 1.6 million ounces in ten years. Also spearheaded companys listing as the first African company on the New York Stock Exchange. Currently serves as CEO of Jonah Capital, a South African based investment holding company. Jonah, a prominent boardroom guru seats on the board of several companies including Transnet, ArcelorMittal SA (MT), and the Standard Bank Group.
Chris Kirubi
Nationality: Kenya
Designation: Chairman, Haco Tiger Industries
One of the most vocal advocates for trade and economic reforms in East-Africa, Chris Kirubi founded privately-held Haco Tiger Industries, the regions largest manufacturer of household consumer goods. Other assets include Kenyas landmark International House building; largest shareholding in Centum, a Nairobi Stock Exchange-listed investment firm with interests in everything from insurance to Coca-Cola bottling plants, telecoms and energy. INSEAD alumnus.
Donald Kaberuka
Nationality: Rwandan
Job: President, African Development Bank
The Rwandese economist is the current President of the African Development Bank. The 78 country-member financial institution provides loans and grants to African governments and private companies operating within the regional member countries in Africa. ADB commits at least $3 billion to African governments annually. Kaberuka has a PhD in economics from Glasgow University, Scotland