The Top 5 African Billionaires in 2015



There are 29 African billionaires this year, the same number as in 2014. While 2 tycoons – South African mining magnate Desmond Sacco and Moroccan real estate mogul Anas Sefrioui fell off the billionaire rankings this year, Mohammed Dewji of Tanzania makes his debut on the list with a fortune estimated at $1.3 billion. At 39, Dewji is the youngest billionaire in Africa. Dewji’s company, METL Group manufactures textiles and consumer goods and has annual revenues of more than $1.4 billion.

Nigerian-born Femi Otedola, 50, rejoins the list of African billionaires after a 5-year hiatus with a $1 billion fortune. He owns a controlling stake in Forte Oil, a publicly-listed energy distribution company in Nigeria. Folorunsho Alakija of Nigeria and Isabel dos Santos of Angola are the only two female billionaires on the continent.
Meet the Top 5 Africans who are worth $1 billion or more:
Aliko Dangote, $15.7 billion
Nigerian: Cement, Flour, Sugar
Falling stock prices and a recent valuation of the Naira might have dented his fortune, causing him to lose roughly $10 billion since last year, but Aliko Dangote is still the richest man in Africa. His Dangote Group is West Africa’s largest industrial conglomerate and has interests in cement production, flour milling, sugar refining and food and beverages.
Johann Rupert & Family, $7.4 billion
South African, Luxury Goods

Rupert is the chairman of publicly-listed Swiss-based luxury goods outfit Compagnie Financiere Richemont , which owns brands including Cartier , Van Cleef & Arpels, Jaeger-LeCoultre and Montblanc. He also owns stakes in investment holding companies Remgro and Reinet. He also owns two of South Africa’s best-known vineyards, Rupert & Rothschild and L’Ormarins as well as the Franschhoek Motor Museum which houses his personal collection of over 200 antique vehicles.

Nicky Oppenheimer & Family, $6.7 billion
South African, Diamonds

Oppenheimer cashed out of the diamond business in July 2012 when he disposed of his family’s 40% stake in his family’s diamond business, De Beers to Anglo American for $5.1 billion in an all-cash deal that marked the end of the Oppenheimer family’s multi-decade control of the diamond company. His E. Oppenheimer & Son entity controls investment arms Stockdale Street Capital and Tana Africa Capital, a joint venture with Singapore government-owned investment firm Temasek. Tana holds minority interests in African food manufacturers Promasidor and Regina Co.

Christoffel Wiese, $6.3 billion
South African, Retail

Wiese, a South African retail mogul, owns a 15% stake in Shoprite Holdings, a chain of low-price supermarkets with a presence across multiple African countries. He also owns a large stake in Pepkor, a private company that owns seven different discount fashion brands.  His other assets include Lanzerac Manor & Winery, a five-star hotel and a significant shareholding in Brait, a private equity firm.

Nassef Sawiris, $6.3 billion
Egyptian, Construction

Sawiris, Egypt’s richest man is the CEO of Orascom Construction Industries (OCI), the country’s most valuable publicly-traded company. He plans to separate OCI’s construction unit from its chemicals and fertilizers business, and list the newly formed Orascom Construction in Egypt and the UAE in the first quarter of 2015. He also sealed a partnership last November with Abu Dhabi’s International Petroleum Investment Co. to develop a coal-based power plant in Egypt.

TIPS FOR SURVIVING UNEMPLOYMENT IN NIGERIA

It is sad when fresh graduates complain about their inability to get a desired job in Nigeria knowing fully well it has been like that for a long time now, it’s the same old story of high unemployment rate. The ugly truth is that we’ve known the situation has been this way for a long time and shouldn’t come as a surprise to fresh graduates. It’s no secret that the government is not doing enough to create jobs and employment opportunities both in the public and private sectors.

This realization should be the yardstick to spur graduates in this unfortunate situation to be at their best before they are ushered into the labor market. A lot of graduates have taken jobs in places they didn’t want to be, mostly because they failed to plan adequately for life outside and beyond the school walls. 

Here are a few tips to help you surmount the challenges of unemployment:

You need to do something: You need to take a job, any job. There is a saying that an idle mind is the devils’ workshop. Make contacts, connect with the real world and look for opportunities. You will build some form of confidence when you earn some money; however little it seems.

Embrace rejection: In your pursuit for your dream job where the labor market is non-performing in a country like Nigeria, don’t be discouraged if it doesn’t happen soon enough. You have to keep trying and build confidence, do not be discouraged.

Learn a vocation, Acquire skills: Develop your passion, take a long look at yourself and discover what income generating venture it is you would rather do if you’re not into payable employment. Try to discover what you’re good at and turn it into a steady but sure personal income generator. Be willing to learn, be willing to acquire relevant skills.

Attend career fairs. Career Fairs offer you the opportunity for face-to-face interaction with the potential employers for you to demonstrate your uniqueness and ability. Do not wait for opportunities, create them.

Prepare yourself before interviews. Employers are easily turned off by unprepared job applicants in interviews. Do some research about the company; its history, area of interest, hiring profile. Showing how much you know about the company will impress the employer. Do not look desperate, instead show confidence.

Be an entrepreneur. Be flexible in your approach to choosing what areas of business enterprise to explore. Have an entrepreneurial mindset, be innovative and get your ideas out there and make things happen instead of waiting to be told what to do. You can also be an employer of labor rather than being the employee.

Finally, I leave you with the words of Yusuf Stapic who says “remember that every challenge is an opportunity for you to learn, grow and reach new heights. Don’t fear failure, step out of your comfort zone if you want to achieve new things in life”.

SEVEN (7) ATTRIBUTES OF A SUCCESSFUL ENTREPRENEUR

1.      HAVE A VISION
One of the defining attributes of entrepreneurship is the ability to spot an opportunity and imagine something where others haven't.  When you set out to become an entrepreneur it will require you to set very clear goals along the way and the zeal and determination to achieve these goals should be the driving force for self motivation to propel your ideas into reality.  A successful entrepreneur focuses on the finish line and the end reward. For a would-be entrepreneur having a vision is a starting point, it gives you a clear picture of what you are up against.

2.      BE HIGHLY MOTIVATED
Entrepreneurs that have a high level of confidence are able to get the job done even under the most stressful conditions. They understand that big challenges breed big rewards. What you get out of your business in the form of personal satisfaction, financial gain, stability and enjoyment will be the sum of what you put into your business. Successful people are passionate about their ideas that drive toward these ultimate goals, self motivated and adapt well to changes.

3.      TAKE RISKS
Successful entrepreneurs are risk takers who have all gotten over one very significant hurdle:  they are not afraid of failure. That's not to say that they rush in with reckless abandon.  In fact, entrepreneurs are often successful because they are calculating and able to make the best decisions in even the worst of cases.  However, they also accept that, even if they make the best decision possible, things don't always go according to plan and may fail anyhow. If you've heard the old adage, "nothing ventured, nothing gained," that's exactly what its saying: do not be afraid to fail, put it out there and give it your best shot.

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4.      BE PATIENT
Patience is one of the key components you must have if you desire to produce a life of freedom, self worth and stability.  Dr. Jeffrey R. Cornwall says “The ability to start a new business does not make an entrepreneur successful. In many ways starting the business is one of the easiest parts of the entrepreneurial process. Building and growing it into a sustainable venture is the hard part. But, it is also what determines true entrepreneurial success”. Financial success does not come quickly for most entrepreneurs; it is built over successive deals over many years. Patience and persistence goes hand in hand to build a successful business.

5.    BE COMPETITIVE
Being competitive clearly defines your distinctive selling offer. This is nothing more than a fancy way of asking the very important question, "Why will people choose to do business with you or purchase your product or service instead of doing business with a competitor and buying his product or service?" In other words, what one aspect or combination of aspects is going to separate your business from your competition? Will it be better service, a longer warranty, better selection, lowest price, personalized service, better customer service, better return or a combination of several of these? Giving the right answers to these questions sets you on the right part and gives you an idea of how to better promote your business.

6.     NETWORK
A large collection of business cards and a huge contact list doesn’t make you an expert at networking. Building value-based relationships that are truly meaningful is what networking is all about. These are the relationships that lead to business opportunities and long-term relationships that are mutually beneficial.

7.      INVEST IN YOURSELF
Successful entrepreneurs are typically strong personalities overall, the best have learned that there's always a lesson to be learned. They are rarely afraid to ask questions when it means the answers will provide them insight they can then leverage to effect. They always go out of their way for new insights, because to them innovations allow you to convert ideas into goods and services. Do more ,learn more and put your ideas to positive use for humanity. 

TIPS TO STARTING A SUCCESSFUL AND PROFITABLE POULTRY FARM

If a university degree alone is all it takes to make it in life, then, more people would have been rich, happy and successful in our country today. To make it in life (success) requires more than a paper certificate. Formal education is key no doubt, it provides us with knowledge but we need that and more to emerge success in life.

Instead of carrying certificate all over the place looking for job, it’s time to look inward, get creative, acquire other skills and start something. Start a business of your own. No crime in starting small and growing big with time what is important is to start a business. Employ yourself and later employ others. One way to achieve that is through poultry farming.


Poultry farming in Nigeria is one of the best decisions anyone interested in farming business can make. With the right background knowledge, you can start your own poultry farm and make thousands and even millions annually. The high demand for chicken meat and eggs have really proven that poultry farming in Nigeria is indeed a very lucrative business.

The following tips will help you launch your poultry start up business in Nigeria.

1.  Different Breeds of Chicken: There are three basic types of chickens. Broiler, layers and cockerels. It is therefore advisable to pick one at a time for starters and then expand as the business progresses.

Broilers – its period of maturity is within 8weeks
Cockerels – takes six months to mature while           
Layers – takes 19 weeks in order to start laying eggs                       

2.      Prepare Your Space: A piece of land will be needed considering both current and future demands. It is important especially if you plan to grow your business overtime.  It is advisable to build your poultry house with good fencing. The major feature of a poultry house is cross ventilation. The temperature must not be too high or too low. Also make sure the area is disinfected days before the arrival of the birds.
3.      Improve Your Knowledge: The more business management tips and tricks acquired, the more successful the business would be. Pay attention to changing their water, cleaning of its environment, feeding them with highly nutritious diet and the right feed formulation is essential.

4.       Determining Your Target Market: Many poultry farmers consider festive period as part of their targets for production e.g. Broiler could be stocked from October if the target is Christmas and have them ready for sale Christmas period. Hence, the target determines the frequency of your stock.

5.   Checking of Cost: Once the location has been settled, then invest your capital, the bigger the project, the larger the investment required. Invest wisely and don’t go outside your budget.

6.        Potential Profit:
·         Chickens do reproduce fast, and in large quantities
·         Chickens do grow very fast
·         Chickens sells at a very good price
·         The egg market is also very large

Poultry business is good, lucrative with fantastic turnaround time. It is a business
            worth doing, a business that can help you generate multiple streams of income. It is
indeed worth starting so when are you going to start yours?

Need to start a poultry farm? Call 08033792673, 08181411557. 
Email: businessnig@gmail.com

DO AGRIC, FEED THE NATION

In today’s world, agricultural business is the way to go and agricultural production has been made easier with new and advance technological methods. These methods are introduced to add greater value in agricultural enterprise, to make increased profits and also create employment opportunities.

The opportunities in agribusiness abound and very profitable if you know the right aspect to focus on and find a reliable agricultural marketplace to find buyers, sellers, importers and exporters of agricultural produce, agricultural machinery and equipments.
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Although going into a large scale farming and production seems like an uphill task in Nigeria because of the need for Government support and intervention through agricultural grants to facilitate agricultural development, you can start small; the key is to start anyway.

Starting small does not mean you will remain small. On the contrary, starting small gives you ample time to study the market and learn from those who have managed to own a successful agricultural business. Nigeria is a land of opportunities despite challenges faced. Success and profits will come eventually and you are more likely to achieve it when you offer services and products. There is extensive low-cost agricultural business that could be taken up for a start which includes:

-          Sourcing of agro-raw materials for urban manufacturing companies
-          Reselling Charcoal
-          Production and formulation of livestock feed
-          Cultivation of food and cash crops
-          Poultry egg production (sourcing and supply) etc.
-          Selling of seeds
-          Sale of fertilizer, pesticides and more

These are other aspects of agriculture that we can tap into, the list is endless. Keep the focus and look out for opportunities from the private and public sector that creates and support many initiatives. Stay in touch and connect with people that support your work and always seek out more experienced professionals, entrepreneurs to ask for help.

Success in agricultural investment may not be immediate but the passion, drive, determination and the ability to strategize and proffer proper execution to your ideas will launch you into your desired world of success.