African Entrepreneurs

Spark inspiration with Africa’s top 10 billionaires

7. Abdulsamad Rabiu

Abdulsamad Rabiu(60) is the founder of the multi-faceted BUA Group, a Nigerian conglomerate working in real estate, cement production, and sugar refining. His net worth of $5.5 billion is a testament to his business savvy and visionary. By merging the privately-owned Obu Cement with the Cement Co. a listed firm that he owned, he enabled the company to trade on the Nigerian Stock Exchange. The company now runs under the name BUA Cement Pic with Rabiu owning 98.5% of it. The mark of a self-made businessman is evident in his journey from importing ore and chemicals in 1988 to his present-day success.