12, January 2019
Aliko Dangote still Africa’s richest man 0
Alhaji Aliko Dangote still maintains his spot as Africa’s richest man according to Forbes Magazine. The magazine disclosed that as at January 11, 2019, the 61-year-old was worth $9.9 billion.
Forbes listed him as the number one on Africa’s list of billionaires for the year 2019. The Kano State indigene has held the richest man tag for the past few years.
He was ranked the 100th richest man in the world in 2018 and number 66 on the Powerful People 2018 list – both released by Forbes.
Forbes put much of Dangote’s wealth to his cement business – the continent’s largest producer straddling most sub-Saharan African countries.
“Dangote Cement produces 44 million metric tons annually and plans to increase its output 33% by 2020. Dangote also owns stakes in publicly-traded salt, sugar and flour manufacturing companies,” Forbes added.
With a fortune estimated at $14.1 billion, the CEO of the Dangote group which has significant business interests in cement production across.
Other billionaires listed:
Behind Dangote is Nigerian oil magnate Mike Adenuga whose wealth was estimated at $9.2 billion. South African Nicky Oppenheimer, Egyptian Nassef Sawiris and Johan Rupert completed the top five with $7.3bn, $6.3 bn and $5.3bn respectively.
The eighth slot had five persons with one of them being Isabel dos Santos, Africa’s richest woman whose wealth is estimated at $2.3 billion.
She is daughter to former Angolan president Jose Eduardo dos Santos and was at a point during her father’s reign head of state oil company. She was fired by new President Joao Lourenco on allegations of financial impropriety – she flatly denies all the allegations.
Others on the eight slot of the list are Zimbabwean telecoms tycoon Strive Masiwiya and South African mining magnate Patrice Motsepe.
Source: Africa News















12, January 2019
US: Democrat Tulsi Gabbard says she will run for president in 2020 0
Democratic US Representative Tulsi Gabbard of Hawaii said in remarks aired by CNN on Friday that she will run for president in 2020, becoming the latest member of her party to pursue a challenge to Republican President Donald Trump.
“I have decided to run and will be making a formal announcement within the next week,” Gabbard, a liberal 37-year-old Iraq War veteran as well as the first Hindu and first Samoan-American elected to the US Congress, told CNN.
US Senator Elizabeth Warren of Massachusetts on Dec. 31 announced she had formed an exploratory committee for a White House run in what is expected to be a crowded Democratic primary field before the November 2020 presidential election.
Gabbard said “the issue of war and peace” would be the main focus of her campaign.
Her office did not immediately respond to a request for comment.
The Democratic presidential field could eventually include Senators Kamala Harris, Cory Booker and Kirsten Gillibrand, as well as former Vice President Joe Biden. Julian Castro, former President Barack Obama’s housing secretary, also formed an exploratory committee in December.
In the race to pick a candidate to run against Trump, Democrats will grapple with the tension between the party’s establishment and liberal wings that flared during the 2016 state-by-state nominating contests between former Secretary of State Hillary Clinton and Senator Bernie Sanders, an independent who ran under the Democratic banner.
Gabbard made headlines in 2016 by quitting a leadership post at the Democratic National Committee over the party’s decision to limit the number of debates between Clinton and Sanders, with analysts believing fewer debates benefited Clinton. Clinton ultimately won the Democratic nomination but lost to Trump.
The congresswoman then endorsed Sanders for president, becoming one of the few members of Congress to do so. Gabbard remains popular with some liberals but will have serious competition with other candidates on the left flank of the party.
Gabbard has also drawn criticism for secretly meeting with Syria’s President Bashar al-Assad, whose removal from power she opposes, during a 2017 trip to the war-ravaged country.
Iowa holds the first presidential nominating contest in 13 months. Warren informally kicked off the 2020 Democratic presidential nominating fight on visit last weekend to Iowa, condemning the corrupting influence of money on politics and lamenting lost economic opportunities for working families.
(Source: Reuters)