KENYANS SHINE IN Forbes 20 Youngest Power Women In Africa List

Four Kenyans make it to the 20 Youngest Powerful women in Africa.Forbes Magazine/Forbes Online Contributor, Mfonobong Nsehe has compiled a list of the 20 Youngest Power Women In Africa. According to Mfonobong,

“Of course, this is by no means an official or an exhaustive list. But these are 20 women, all under age 45, who wield enormous influence in African business, technology, policy and media. They are change makers, trendsetters, visionaries and thinkers, builders, and young global leaders. They are at the vanguard of Africa’s imminent socio-economic revolution and its contemporary renaissance.”

The List

• Ory Okolloh – Kenyan. Founder, Ushahidi
• Chimamanda Adichie – Nigerian. Writer
• Yolanda Cuba – South African. Corporate Executive
• Ndidi Nwuneli – Nigerian. Social Entrepreneur
• Dambisa Moyo – Zambian. Economist
• Khanyi Dhlomo – South African. Media Mogul
• Phuti Malabie – South African. CEO, Shanduka Group
• Funmi Iyanda – Nigerian. Journalist & Broadcaster
• Isis Nyongo – Kenyan. Managing Director, InMobi Africa
• Bethlehem Tilahun Alemu – Ethiopian. Entrepreneur
• Elsie Kanza – Tanzania. Economic Advisor To Tanzania’s President
• Saran Kaba Jones – Liberian. Founder, Face Africa
• Julie Gichuru – Kenyan. Journalist & Broadcaster
• Lisa Kropman – South African, Entrepreneur
• Stella Kilonzo – Kenyan. Chief Executive, Capital Markets Authority, Kenya
• Magatte Wade – Senegal. Entrepreneur
• Jonitha Gugu Msibi – South Africa. Senior Partner, Ernst & Young
• June Arunga – Kenyan. Entrepreneur
• Juliet Ehimuan – Nigerian. Google country manager, Nigeria
• Olga Kimani-Arara – Kenyan. Google Country Manager, Kenya

FORBES: TOP FIVE WEALTHIEST NIGERIAN PASTORS

Bishop David Oyedepo
Affiliation: Living Faith World Outreach Ministry, aka Winners Chapel
Estimated net worth: $150 million
David Oyedepo is Nigeria’s wealthiest preacher. Ever since he founded the Living Faith World Outreach Ministry in 1981, it has grown to become one of Africa’s largest congregations. The Faith Tabernacle, where he hosts three services every Sunday, is Africa’s largest worship center, with a seating capacity of 50,000. Oyedepo owns four private jets and homes in London and the United States. He also owns Dominion Publishing House, a thriving publishing company that publishes all his books (which are often centered on prosperity). He founded and owns Covenant University, one of Nigeria’s leading tertiary institutions, and Faith Academy, an elite high school.

Chris Oyakhilome
Church: Believers’ Loveworld Ministries, a.k.a Christ Embassy
Estimated net worth: $30 million – $50 million
Last year, the charismatic preacher was at the center of a $35 million money laundering case in which he was accused of siphoning funds from his church to foreign banks. Pastor Chris pleaded no wrongdoing and the case was eventually dismissed. His church, Christ Embassy, boasts more than 40,000 members, several of whom are successful business executives and politicians. Oyakhilome’s diversified interests include newspapers, magazines, a local television station, a record label, satellite TV, hotels and extensive real estate. His Loveworld TV Network is the first Christian network to broadcast from Africa to the rest of the world on a 24 hour basis.

Temitope Joshua
Church: Synagogue Church Of All Nations (SCOAN)
Estimated net worth: $10 million – $15 million
Nigeria’s most controversial clergyman is also one of its richest and most philanthropic. T.B Joshua heads the Synagogue Church of all Nations (SCOAN), a congregation he founded in 1987, which accommodates over 15,000 worshippers on Sundays. The Pastor has remained controversial for several years for his inexplicable powers to heal all sorts of incurable diseases, including HIV/AIDS, cancer and paralysis. For miracle-craving worshippers, it’s the perfect seduction. The church currently has branches in Ghana, the United Kingdom, South Africa, and Greece. In the past three years, he has given over $20 million to causes in education, healthcare and rehabilitation programs for former Niger Delta militants. He owns Emmanuel TV, a Christian television network, and is close friends with Ghanaian President Atta Mills.



Matthew Ashimolowo
Kingsway International Christian Centre (KICC)
Estimated net worth: $6 million – $10 million
In 1992, Foursquare Gospel Church, a Nigerian church, sent Ashimolowo to open a satellite branch in London. But Pastor Matthew had other ideas and decided to set up his own church instead. Today, his Kingsway International Christian Center is reportedly the largest Pentecostal church in the United Kingdom. In 2009, the church posted profits of close to $10 million and assets worth $40 million. Ashimolowo earns an annual salary of $200,000, but his real wealth comes from varied business interests including his media company, Matthew Ashimolowo media, which churns out Christian literature and documentaries. Ashimolowo’s representatives did not respond to a request confirming his net worth and ownership of all these assets.

Chris Okotie
Church: Household of God Church
Net worth: $3 million -$10 million
Pastor Okotie made his first success as a popular pop musician in the 80s. He found the light, embraced the bible and set up the Household of God Church, one of Nigeria’s most flamboyant congregations. His 5,000 member church consists predominantly of Nollywood celebrities, musicians, and society people. He contested and lost Nigerian presidential elections for the third time this year under the Fresh Party, a political party he founded and funds. An automobile lover, he owns a Mercedes S600, Hummer and Porsche among several others.

A Forbes Report : WEALTHY NIGERIANS, PASTORS SPLASH $225M ON PRIVATE JETS

Here's how Forbes is reporting it...

A few wealthy Nigerians spent at least $225 million acquiring private jets between March 2010 and March 2011, a Nigerian newspaper reported on Monday. According to the report published by the Punch Newspaper, a couple of the acquisitions were made by billionaires Aliko Dangote and Mike Adenuga. Last year, Dangote acquired a US$45 million Bombardier jet as a gift to himself on his 53^rd birthday, while Mike Adenuga purchased a Bombardier Global Express XRS. Both Dangote and Adenuga own at least two private planes each. Apart from wealthy business tycoons, Nigerian clergymen and spiritual leaders are also joining the very elite league of jet owners.

In March this year, David Oyedepo, a Nigerian cleric generally believed to be Africa’s wealthiest gospel preacher, acquired a Gulfstream V jet for US$30 million. Oyedepo, who presides over the Winners Chapel, one of Africa’s largest churches, now owns a private collection of four aircraft. In addition to his latest acquisition, he previously owned two Gulfstream planes and a Bombardier Challenger Aircraft. He is also reportedly creating a private hanger to accommodate his flying toys.

Oyedepo is not the only Nigerian clergyman to own a jet. Pastor Enoch Adeboye, the revered overseer of Nigeria’s largest congregation, The Redeemed Christian Church of God, is also a proud jet owner. In March 2009, the great man of God spent $30 million on a Gulfstream jet amidst widespread criticism. Pastor Sam Adeyemi, another cleric and founder of the Daystar Christian center, a flourishing Pentecostal congregation which repeatedly preaches financial prosperity, is also a jet owner.

It’s not cheap to own a private jet. On average, it costs hundreds of thousands of dollars annually to maintain a personal plane. The majority of Nigerians frown at such flagrant displays of opulence, particularly on the path of their clergymen, given that 60% of Nigerians still live below the poverty line.

Paradoxically, the same people who complain about the extravagant lifestyles of their spiritual leaders are the same ones who finance it. Every Sunday, swarms of worshipers rush to the church to give away their hard-earned money to the pastors’ coffers in the form of tithes, offerings and special gifts with the deluded hope of multiplied financial blessings in return. For many, this is but a pipe dream. Deep down, the pastors smile; they’ve got just the perfect suckers.

Source: Forbes

NIGERIAN IS AFRICA'S RICHEST MAN.

Aliko Dangote,a Nigerian business industrialist has made it to the top in the continent's list of Mr. Money bags. According to Forbes Magazine latest rankings, Dangote's wealth is estimated to be $13.8Billion and is ranked #51 worldwide and no.1 in Nigeria and Africa. His actually $300 million richer than Facebook Mark Zuckberg who follows him at #52.The Nigerian businessman's fortune surged 557% in the past year, making him the world's biggest gainer in percentage terms and Africa's richest individual for the first time. The catalyst was listing Dangote Cement, which integrated his investments across Africa with his previously public Benue Cement; it now accounts for a quarter of the Nigeria Stock Exchange's total market cap.Dangote Cement now has a market value in excess of $13 billion, and accounts for a quarter of the Nigeria Stock Exchange’s total market capitalization.

The dearth of native suppliers to meet increasing cement demand is driving the stock price. Dangote projects demand at 72 million metric tons and growing because of the drive to build infrastructure in Nigeria, Africa’s most populated nation, as well as other countries; current supply is 67 million metric tons, a shortfall of 5 million metric tons.

Already the continent's biggest cement maker, he has plants under construction in Zambia, Tanzania, Congo and Ethiopia and is building cement terminals in Sierra Leone, Ivory Coast and Liberia, among other places. Dangote, who recently bought himself a $45 million Bombardier aircraft for his birthday, has been shuttling back and forth to London for months, in anticipation of a public offering there later this year. Dangote began his career as a commodities trader; built his Dangote Group into conglomerate with interests in sugar, flour milling, salt processing, cement manufacturing, textiles, real estate, and oil and gas.