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Bloomberg rates Aliko Dangote richest man in Africa with $15.6bn

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Aliko Dangote

President of Dangote Group, Aliko Dangote remains the richest man in Africa, despite the volatility of Nigerian currency against the dollar. Bloomberg in its daily top billionaire lists, released on Tuesday, revealed that Dangote with a wealth of $15.6 billion topped other Africans in the Index.

Dangote, who remains the richest man in Africa for the 12th year running, was the only Nigerian on the list of the top 500 billionaires, as released by Bloomberg.

Other Africans listed in the latest top 500 world billionaires list for the year 2023 include Johann Rupert and family of South Africa, now worth $13.3 billion, while Nicky Oppenheimer of South Africa, Nassef Sawiris of Egypt, Natie Kirsh of South Africa, and Naguib Sawiris are also worth $9.0 billion, $7.47 billion, $7.37billion and $5.93 billion respectively. These are the only five other Africans that made the list.

The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. In calculating net worth, Bloomberg News strives to provide the most transparent calculations available, and each individual billionaire profile contains a detailed analysis of how that person’s fortune is tallied.

The index is a dynamic measure of personal wealth based on changes in markets, the economy and Bloomberg reporting. Each net worth figure is updated every business day after the close of trading in New York. Stakes in publicly traded companies are valued using the share’s most recent closing price. Valuations are converted to U.S. dollars at current exchange rates.

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Ellon Musk and Bernard Arnault are the richest in the world with $219billion and $194 billion respectively in their kitties while Jeff Bezos and Bill Gates followed respectively with $151 billion and $130 billion. Larry Ellison was the fifth richest with $130 billion on the world’s billionaires’ chart.

Bloomberg is a global information and technology company, that connect decision makers to a dynamic network of data, people and ideas – “accurately delivering business and financial information, news and insights to customers around the world” Bloomberg L.P. provides financial software tools such as an analytics and equity trading platform, data services, and news to financial companies and organisations through the Bloomberg Terminal.’

Africa’s richest man, with his new worth of $15.6 billion, controls Dangote Industries, a closely-held conglomerate. The Lagos, Nigeria-based company owns sub-Saharan Africa’s biggest cement producer, Dangote Cement. It also has interests in sugar, salt, fertiliser and packaged foods. Dangote also recently commissioned the $19bn petroleum refinery plant, which is now the Africa’s largest refinery.

It would be recalled that Aliko Dangote, was also recently named as among the topmost charitable man in the World by Richtopia, a digital periodical that covers business, economics, and financial news, based in the United Kingdom. This recognition came after he endowed his foundation, the Aliko Dangote Foundation (ADF) to the tune of $1.25 billion.

Aliko Dangote started his Foundation in 1981, with a mission to enhance opportunities for social change through strategic investments that improve health and wellbeing, promote quality education, and broaden economic empowerment opportunities.

Aliko Dangote Foundation was however incorporated in 1994 as a charity in Lagos, Nigeria. 20 years later, the Foundation has become the largest private Foundation in sub–Saharan Africa, with the largest endowment by a single African donor. The primary focus of Aliko Dangote Foundation is health and nutrition, supported by wrap-around interventions in education, empowerment, and humanitarian relief.

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President Tinubu Declines Meeting with S’African Envoy, Directs Delegation to Foreign Affairs Minister

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By Yusuf Danjuma Yunusa

President Bola Tinubu on Monday declined to receive a special delegation from South African President, Cyril Ramaphosa, over the ongoing xenophobic attacks on Nigerians in South Africa, directing the visiting team to instead meet with the Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye.

Multiple credible Presidency sources with knowledge of the development confirmed to PUNCH Online that the delegation, led by South Africa’s Minister of International Relations and Cooperation, Ronald Lamola, had sought an audience with the President after arriving in Abuja on Friday.

Instead, Tinubu instructed them to engage with Enikanolaiye, who was appointed Minister of State for Foreign Affairs in June 2026 after Ambassador Bianca Odumegwu-Ojukwu was elevated to the substantive ministerial position following the exit of Yusuf Tuggar.

The development comes amid a diplomatic row between both countries over renewed xenophobic attacks targeting Nigerians and other African nationals in South Africa, which forced the evacuation of nearly 600 Nigerians back home.

One Presidency source said, “They actually came here on Friday wanting to see the President. But there was no prior notice.

“And we said we can’t just allow you to see the President without first asking him if he is available. So we asked, and the President said they could come on Monday.

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“But when Monday came, he simply said they should go and meet the Minister of State for Foreign Affairs, Ambassador Enikanolaiye, and whatever they discuss, the Minister would come and brief him.”

A second source confirmed the President’s decision, saying, “I just confirmed it. He is not seeing them. The meeting is not happening.”

A third Presidency official added, “We don’t have that on the schedule today.”

The South African delegation reportedly remained in Abuja throughout the weekend after arriving on July 24, carrying a message from Ramaphosa.

Sources further disclosed that the Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, who is attending official engagements in Addis Ababa, had advised that it was not an appropriate time for the President to personally receive the South African delegation while attacks on Nigerians and their businesses were still ongoing.

Receiving the South African delegation in Abuja, Enikanolaiye said Tinubu directed him to engage the envoys on resolving the crisis, stressing that the longstanding relationship between Nigeria and South Africa should not be undermined by attacks on African migrants.

“It is with profound pleasure that I welcome our brothers from South Africa. President Bola Ahmed Tinubu had actually asked us to meet with you and exchange views and perspectives on how to address and resolve the ongoing Afrophobic attacks in South Africa, of which Nigerians, and other citizens of Africa, have been victims,” he said.

The minister lamented the recurring attacks on Nigerians, recalling that such incidents had persisted for decades.

“We have seen a pattern emerge as early as 1995, 1998, 2006, 2015, 2016, 2019, 2021, 2024 and 2026. It is on record that from 2022 alone, 98 Nigerians have died in mob actions, in hate-related actions that we have called Afrophobia, because we found that the preponderant victims of this ugly situation are Africans and Nigerians in particular,” he said.

Enikanolaiye recalled Nigeria’s role in supporting South Africa’s liberation from apartheid and said the violence was inconsistent with the relationship both countries had built over the years.

He stressed that while Nigeria does not support criminality, anyone accused of committing offences should face due process rather than mob violence.

“If someone is, quote-unquote, a criminal for drug trafficking, there are rules, there are regulations for when they are arrested, prosecuted, and jailed.”

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APC Youths Demand Nationwide Ban on Rarara’s Songs at Party Activities

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The Coalition of APC Progressive Youths has called on the leadership of the All Progressives Congress (APC) to prohibit the use of songs by popular political singer Dauda Adamu Kahutu, popularly known as Rarara, at all party activities across the national and state levels.

The group’s National Chairman, Hon. Sadiq Ali Sango, made the call in a statement issued to journalists in Abuja on Monday.

Sango alleged that Rarara’s songs have become more detrimental than beneficial to the ruling party, accusing the singer of using abusive language and divisive messages that undermine unity within the APC.

According to him, rather than promoting harmony among party members, Rarara’s style of political music has fueled hatred and deepened internal divisions.

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He further alleged that the singer has repeatedly targeted senior party leaders and elders with insulting lyrics, describing such conduct as inconsistent with the values and principles of the APC.

The coalition also accused Rarara of sponsoring campaigns against the Deputy President of the Senate, Senator Barau I. Jibrin, claiming that the campaign encouraged some youths to launch personal attacks against the senator and make what it described as unfounded allegations against him.

The youth group condemned what it called Rarara’s “continuous politics of insults and character assassination,” warning that such actions could damage the party’s image ahead of future political contests.

Sango urged the APC National Working Committee (NWC) and other party stakeholders to immediately ban the use of Rarara’s songs at official party functions, rallies, and other political activities nationwide.

He added that the coalition would pursue all lawful and necessary measures to challenge what it described as conduct capable of causing disunity within the APC.

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Hon. Abubakar Bichi Commissions 120 Health Workers in Bichi

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The Kabir Abubakar Bichi Foundation has commissioned 120 temporary health workers who will be deployed across primary healthcare centres in Bichi Local Government Area of Kano State.

The commissioning ceremony was led by the Member representing Bichi Federal Constituency, Hon. Abubakar Kabir Abubakar, on Saturday in Bichi. The event was attended by the Kano State Commissioner for Health, Dr. Abubakar Labaran Yusuf, alongside other dignitaries.

Speaking at the event, Hon. Abubakar Kabir Abubakar announced that the Federal Government is set to establish a new teaching hospital in Bichi Local Government Area to improve healthcare delivery.

“I recently attended meetings on education and healthcare development. As you know, we have Aminu Kano Teaching Hospital, and I want to assure you that we are working closely with the Minister of Health and the Chief Medical Director of Aminu Kano Teaching Hospital to facilitate the establishment of a new teaching hospital in Bichi,” he said.

Abubakar Kabir Abubakar added that the project is receiving strong support from President Bola Ahmed Tinubu.

“We must appreciate President Bola Ahmed Tinubu for his unwavering support for the development of the healthcare sector. We are currently working towards securing the President’s final approval for the project under this year’s budget,” he said.

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Hon. Abubakar Kabir Abubakar, who also serves as the Chairman of the House Committee on Appropriations, reaffirmed his commitment to improving healthcare delivery. He disclosed that efforts are underway to upgrade Bichi General Hospital to the status of a specialist hospital in order to provide more advanced medical services and reduce pressure on major referral hospitals in Kano State.

He said “We are pleased to inform the Commissioner that we have completed the installation of equipment for the radiology department at Bichi General Hospital. The equipment includes a digital X-ray machine, 40 oxygen machines, and four dialysis machines, with an additional four dialysis machines expected soon.

“We are now awaiting the arrival of a 64-slice CT scan machine to complete the project. Once the remaining equipment arrives, we will be honoured to invite you and Governor Abba Kabir Yusuf to officially commission the upgraded facilities.

“We also plan to upgrade the surgical and operating theatre of Bichi General Hospital to meet the standards of leading hospitals across Kano State. Our goal is to strengthen healthcare delivery by reducing congestion at major referral hospitals in Kano metropolis, particularly Murtala Muhammad Specialist Hospital and Muhammad Abdullahi Wase Specialist Hospital, Nasarawa, where increasing patient numbers are placing pressure on healthcare personnel and facilities.

“As Kano’s population continues to grow, expanding and equipping secondary healthcare facilities such as Bichi General Hospital has become essential to ensuring timely access to quality healthcare for our people.”

Hon. Abubakar Kabir Abubakar also appealed to the Kano State Government to upgrade Danzabuwa and Saye Primary Healthcare Centres to General Hospitals, assuring the government of his full support in providing infrastructure and medical equipment for the facilities.

He commended the health committee, led by Professor Yusuf Muhammad, for conducting a transparent screening exercise for the newly recruited health workers.

He urged the newly commissioned workers to discharge their responsibilities with professionalism, dedication, and integrity in the service of their communities.

The lawmaker further appealed to the Kano State Government, under the leadership of Governor Abba Kabir Yusuf, to absorb the 120 temporary health workers into the state’s permanent and pensionable workforce.

He also praised Governor Yusuf for his investments in the health and education sectors, describing them as significant contributions to improving the welfare and well-being of the people of Kano State.

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