Latest Ugandan Money News & Trends | Pulse Uganda

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Africa&rsquo;s leading billionaires have built their fortunes through groundbreaking innovation, strategic vision, and unwavering resilience.&nbsp;

Spanning industries such as manufacturing, mining, telecommunications, and consumer goods, these trailblazers are reshaping Africa&rsquo;s economy while making a global mark.

Discover the sectors they command, the lifestyles they embody, and the inspiring journeys behind their success.&nbsp;

Beyond their immense wealth, these visionaries are catalysts for transformative change, driving progress and leaving an indelible impact across the continent and beyond.

Net Worth: $15.6 billion&nbsp;&nbsp;&nbsp;

Sector: Manufacturing (Cement, Sugar, Flour)&nbsp;&nbsp;

Aliko Dangote, the richest man in Africa for over a decade, built his wealth through Dangote Group, a conglomerate that dominates the African market in cement, sugar, and flour production.&nbsp;

Despite his immense wealth, Dangote maintains a relatively low-profile lifestyle. His journey began with trading commodities, and today, he is spearheading projects like the Dangote Refinery, which will significantly impact Nigeria's oil industry.

Net Worth: $10.7 billion&nbsp;&nbsp;

Sector: Luxury Goods&nbsp;&nbsp;

Johann Rupert, a South African billionaire, heads Compagnie Financière Richemont, known for luxury brands like Cartier and Montblanc. His understated yet luxurious lifestyle reflects his company&rsquo;s high-end clientele.&nbsp;

Rupert&rsquo;s journey was rooted in his father&rsquo;s tobacco business, which he diversified into the global luxury goods empire it is today.

Net Worth: $8.4 billion&nbsp;&nbsp;

Sector: Mining (Diamonds)&nbsp;&nbsp;

Nicky Oppenheimer, a diamond magnate, made his fortune through the Oppenheimer family’s 40% stake in De Beers, the world’s largest diamond producer.

His family sold its stake in 2012 for $5.1 billion. Though private, Oppenheimer enjoys philanthropy, particularly in environmental conservation. His journey started in the diamond mines, and he eventually steered De Beers to global prominence.

Net Worth: $8.1 billion&nbsp;&nbsp;

Sector: Manufacturing (Cement, Sugar, Real Estate)&nbsp;&nbsp;

Abdulsamad Rabiu is another Nigerian industrialist who made his wealth through BUA Group, a conglomerate in cement, sugar, and real estate.

Known for his quiet and modest lifestyle, Rabiu expanded his family business into one of Nigeria’s largest manufacturing companies. His journey highlights his ability to navigate Nigeria’s complex business environment.

Net Worth: $7.2 billion&nbsp;&nbsp;

Sector: Construction, Chemicals&nbsp;&nbsp;

Egypt&rsquo;s Nassef Sawiris, part of the wealthiest family in Egypt, runs Orascom Construction and is heavily invested in global giants like Adidas. His journey in construction has made him one of the world&rsquo;s most influential investors. Despite his vast fortune, Sawiris prefers to keep a low profile.

Net Worth: $6.1 billion&nbsp;&nbsp;

Sector: Telecommunications, Oil&nbsp;&nbsp;

Mike Adenuga, Nigeria’s second-richest man, made his fortune in telecommunications and oil, founding Globacom, Nigeria’s second-largest telecom company.

He also owns Conoil, a major oil exploration firm. Known for his opulent lifestyle, Adenuga’s journey is marked by his relentless ambition, starting with small ventures and growing into a telecom and oil powerhouse.

Net Worth: $5.1 billion&nbsp;&nbsp;

Sector: Food and Beverage&nbsp;&nbsp;

Algeria&rsquo;s Issad Rebrab made his fortune through Cevital, the country&rsquo;s largest privately-held conglomerate. Cevital operates one of the world&rsquo;s largest sugar refineries. Known for his down-to-earth lifestyle, Rebrab&rsquo;s journey began in humble beginnings before establishing a food empire that spans across continents.

Net Worth: $3.3 billion&nbsp;&nbsp;

Sector: Telecom, Media&nbsp;&nbsp;

Naguib Sawiris, Nassef&rsquo;s brother, has a stronghold in the telecom industry with Orascom Telecom, which was sold to Russia&rsquo;s VimpelCom in 2011. A lover of luxury, Naguib is known for his flamboyant lifestyle and sharp business acumen. He now focuses on media and political ventures in Egypt.

Net Worth: $2.9 billion&nbsp;&nbsp;

Sector: Mining&nbsp;&nbsp;

South Africa’s Patrice Motsepe, the first Black African billionaire, founded African Rainbow Minerals, which mines gold, platinum, and other precious metals. Known for his philanthropy, Motsepe has pledged half of his wealth to charity.

His journey started in the law, before transitioning to mining, where he saw massive success.

Net Worth: $2.5 billion&nbsp;&nbsp;

Sector: Media, Technology&nbsp;&nbsp;

Koos Bekker transformed Naspers from a South African newspaper publisher into a global e-commerce and media giant, investing in platforms like Tencent. Bekker&rsquo;s modest lifestyle contrasts with the digital empire he&rsquo;s built. His journey underscores visionary leadership, taking calculated risks in emerging markets.

Yasseen Mansour is a shareholder in family-owned conglomerate Mansour Group, which was founded by his father. His brothers Mohamed and Youssef are also billionaires and part owners of Mansour Group.

Sector: Diversified (Automotive, Retail)&nbsp;&nbsp;

Mohamed Mansour oversees the Mansour Group, a family-owned conglomerate with interests in automotive and retail sectors, including the distribution of General Motors vehicles. Mansour is known for his reserved yet philanthropic lifestyle, with investments spanning Africa, Europe, and beyond.

Net Worth: $1.9 billion&nbsp;&nbsp;

Sector: Telecommunications&nbsp;&nbsp;

Strive Masiyiwa, a Zimbabwean billionaire, founded Econet, one of the largest telecom companies in Africa. Masiyiwa is a prominent philanthropist and advocate for African entrepreneurship.

His journey is marked by resilience, overcoming regulatory challenges in Zimbabwe to create a telecom giant that serves millions across the continent.

Net Worth: $1.5 billion&nbsp;&nbsp;

Sector: Manufacturing&nbsp;&nbsp;

Tanzania&rsquo;s Mohammed Dewji, CEO of MeTL Group, transformed a small trading business into a $1.5 billion conglomerate. Dewji, Africa&rsquo;s youngest billionaire, is known for his active lifestyle and philanthropy. His journey reflects the power of family legacy and strategic investment in manufacturing.

Net Worth: $1.4 billion&nbsp;&nbsp;

Sector: Consumer Electronics, Investment, Manufacturing&nbsp;&nbsp;

Prateek Suri, founder of Maser Group and MDR Investments popularly known as technology tiger of Africa, made his fortune in the consumer electronics and tech space after valuation crossing $5bn after acquired by SCG, focusing on frontier technologies and large-cap ventures in Africa mining and infrastructure, shipping and AI and the GCC region.

Known for his high-energy lifestyle, Suri’s journey highlights innovation in manufacturing and technology, with an eye on transforming Africa’s tech landscape. Suri is Africa’s youngest billionaire with net&nbsp;worth&nbsp;$1.4bn

Net Worth: $1.1 billion&nbsp;&nbsp;

Sector: Retail, Consumer Goods&nbsp;&nbsp;

Youssef Mansour, part of Egypt&rsquo;s wealthy Mansour family, has built his wealth through Metro, Egypt&rsquo;s largest supermarket chain, and other consumer goods ventures. He lives a low-profile lifestyle, focusing on expanding his family&rsquo;s retail empire across Africa and the Middle East.

Sector: Retail, Consumer Goods&nbsp;&nbsp;

Net Worth: $1 billion&nbsp;&nbsp;

Sector: Banking&nbsp;&nbsp;

Michiel Le Roux founded Capitec Bank, one of South Africa&rsquo;s most successful retail banks, revolutionizing affordable banking for the masses. Le Roux enjoys a relatively simple lifestyle, focusing on the banking sector and making banking accessible for all. His journey reflects his focus on innovation in financial inclusion.

Sector: Retail&nbsp;&nbsp;

Christoffel Wiese, South Africa&rsquo;s retail giant, made his fortune through Shoprite, the continent&rsquo;s largest retailer. Known for his lavish lifestyle, Wiese&rsquo;s journey has seen both remarkable successes and setbacks, but his influence on African retail remains unmatched.

Net Worth: $900 million&nbsp;&nbsp;

Spanning industries such as manufacturing, mining, telecommunications, and consumer goods, these trailblazers are reshaping Africa’s economy while making a global mark.

Africa's Titans: The top 20 billionaires redefining wealth, luxury, and legacy

Latest Political News Updates & Newspaper Headlines | Pulse Uganda

Politics

#FeatureByTreasured Ajuna

Treasured Ajuna, a 22-year-old from Ntungamo District, has set his sights on becoming the Central Youth Member of Parliament in Uganda’s 2026 elections. Born to Herbert Mujuni and Debrah Nahabwe, Ajuna’s upbringing and education have shaped his ambition to represent and address the pressing concerns of the youth in the Central Region.

Ajuna completed his O-Level education at Kajjansi Progressive Secondary School and later his A-Level at Old Kampala Secondary School. He is currently pursuing a Bachelor’s degree in Business Statistics at Makerere University Business School (MUBS).

Though some critics point out that he is not a native Muganda, Ajuna has been a resident of Kansanga Kiggundu Zone since 2010. This long-standing presence in Kampala has given him insight into the systemic challenges and issues affecting youth in the region, which he aims to tackle if elected.

<h3>Driving change for Uganda’s youth</h3>

Ajuna Treasured is determined to address unemployment among the youth by advocating for vocational skills training that prioritises creating job makers rather than job seekers. He believes that instead of distributing funds through projects like Emyooga, the government should invest in constructing more vocational training institutes. According to him, these institutions would provide sustainable solutions to youth unemployment.

<a href="undefined" target="_self">Treasured Ajuna</a>

Ajuna also highlights the urgent need for more mental health centres across Uganda. Citing the rising cases of drug abuse and mental health challenges among young people, he stresses that Uganda’s reliance on a single major mental health facility, Butabika Hospital, is inadequate. He envisions a future where mental health support is decentralised and accessible to all Ugandans.

In addition, Ajuna is committed to reforming Uganda’s education system, which he describes as outdated and unspecialised. He points out that the lack of focus on students’ interests often leads to poor academic performance and high dropout rates. Ajuna plans to push for curriculum reforms that align education with students' passions and career goals.

To ensure education for all, Ajuna aims to advocate for reduced fees in private schools, which he says discourage many parents from sending their children to school. He believes affordable education is key to reducing inequality and empowering future generations.

<h3>A youth-driven vision for Central Region</h3>

Ajuna’s campaign is rooted in addressing the realities faced by young people in Kampala and the Central Region. His deep understanding of the systemic issues, from unemployment to mental health and education, places him as a strong voice for the youth.

As the 2026 elections approach, Treasured Ajuna’s bold vision for youth empowerment and practical solutions may resonate with the young electorate eager for change.

Treasured Ajuna, a 22-year-old from Ntungamo District, has set his sights on becoming the Central Youth Member of Parliament in Uganda’s 2026 elections.

Treasured Ajuna: Youngest political candidate eyeing for MP Youth Central 2026

Xolane Ndhlovu, the newly minted South African black billionaire, a name synonymous with countless philanthropic deeds is a man of considerable wealth and one of the handful few within his cultural background that achieved successful accumulation of a disproportionate amount of wealth and still lives within the context of modesty and humility.

Conversely, the vast majority of true wealthy people distaste ostentatious displays of material possessions. They are conscious of their wealth and seek no validation from society over their status which allows them to prioritize social causes and philanthropic work over material displays.

Xolane Ndhlovu is no exception to this class of individuals. Whether funding educational research, students, donating to Covid 19 relief fund, Ukraine war victims, flood victims or simply giving a helping hand to a starving family on social media among other compassionate works you will find the association of the name Xolane Ndhlovu there.

The latest act of amazing deeds of the tech billionaire was revealed in the story of Thandile Ramza, a young unemployed mother of one from East London, South Africa who reached out to the crypto titan via Facebook asking for food money which she received and later a job, a car and a house.

The pictures in context reveals the dilapidating state of the house which Ramza's mother left for her and siblings when she passed on which her initial aim when she showed it to Ndhlovu was to fix the leaking roof in which Ndhlovu in a post on his Instagram page said he immediately got seized by compassion over the rotten condition of the house and had to do something.

South African newest black billionaire gifts a house to a Facebook friend

A three bedroom house according to the company which built it cost R770 000 excluding furniture to be built and sat imposing amidst other houses nearby. A source revealed that at the time of construction of the house the young mother did not meet the billionaire in person and had only known him through Facebook.

Ndhlovu who gave $1 million dollars to Ukraine war victims and R500 000 to South African Solidarity Fund for Covid was born in Burgersfort, South Africa in and grew up in a shack which he has now transformed into an imposing two storey 12 bedroom mega-mansion for his mother in a dusty street that is yet to receive a municipal water pipe which prompted the development of a borehole for his community.

Xolane Ndhlovu is estimated to be worth over R6.5 billion. His foray into blockchain technology propelled his personal fortune to R6 billion as of 2021 stemming from his holdings in Binance (BNB) and bets in tech focused startups which include DafriBank, Solana, Bolt and Polkadot.

The newly minted billionaire was the only African in the list of The 50 Richest People in Crypto 2021.

His newest bet on DafriPremier ( formerly DafriBank) a fintech company founded on a notion that Africa should have its own payment company built by those who understand its culture and market dynamism is aimed on dethronement of PayPal in the region and had attracted the interest of SoftBank one of the world largest investment banks.

Xolane Ndhlovu, the newly minted South African black billionaire, a name synonymous with countless philanthropic deeds is a man of considerable wealth and one of the handful few within his cultural background that achieved successful accumulation of a disproportionate amount of wealth and still lives within the context of modesty and humility.

The awards launched on July 26 with the nomination phase starting on August 1, and the final award event on October 12. The theme of the awards is Futuristic Fashion: AI Glamour.

The awards will be held in all Pulse Africa markets simultaneously in Nigeria, Ghana, Kenya, Senegal, Uganda and Côte d'Ivoire.

The Pulse Influencer Awards have become a household name and an important melting point for influencers, digital creators&nbsp;and other creative industry stakeholders. They showcase some of the industry’s shining stars across multiple categories and are dedicated to championing innovation and the community-building efforts of influencers who have used social media as a platform to distribute value in Uganda and across Africa.

Jack Owigar, Managing Director, East Africa, Pulse, said: "Content creation and creators play a vital role in driving conversation and narrative in our East African region, they not only educate, enlighten and entertain but also bring out the creative nature of our people. and with the use of new age technology such as AI in content creation, this has not only fastened turnaround time but also improved the quality of content being put out by the creators.

"Noting this year’s theme, the 2024 Pulse Influencers Awards looks to celebrate the marrying of the 2 that is content creation and AI. Celebrating the evolving nature of content creation and the creators who are driving the agenda and making things tick. The trendsetters."&nbsp;&nbsp;

With more than 2.7 million votes and 200 million impressions across Africa last year, the Pulse Influencer Awards 2024 is set to connect more influencers and reach an even wider audience.

Already, the announcement of the awards is generating anticipation from the influencer communities and our general audience across all six countries.

The Pulse Influencer Awards are also an important opportunity for brands to connect to niche audiences and collaborate with influencers to further amplify their brand messaging to a wider, more engaged audience.&nbsp;

“The awards introduce partner brands to new audience groups and help to establish mutually beneficial collaborations with influencers and creators, a win-win for all stakeholders. This year, we expect more of that, just as we expect an even wider reach for the awards in all our markets,” says Kanyinsola Aroyewun, Director of Marketing and Content Growth at Pulse.

For more information on Pulse Influencer Awards 2024, visit <a href="https://www.pulse.ug/influencer-awards/the-pulse-influencer-awards-2022-is-coming-to-uganda/lj342wl">Pulse Uganda</a>.

<h3>About PulseUganda</h3>

Pulse Uganda is part of Pulse, Africa's leading innovative media company, reshaping the media landscape with engaging content across written, video, and digital formats. Pulse Uganda is committed to leveraging technology to provide entertainment, information, and empowerment to its audience.

<a href="mailto:sales@pulse.ug">sales@pulse.ug</a>

Pulse Uganda, has announced the launch of the Pulse Influencer Awards for the third edition. Pulse Uganda is part of Pulse Africa, the continent’s leading innovative media company and digital marketing agency reaching millions of young Africans on web and social channels.

Pulse Uganda announces 3rd edition of Pulse Influencer Awards

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Articles written by the author

Africa's Titans: The top 20 billionaires redefining wealth, luxury, and legacy

Treasured Ajuna: Youngest political candidate eyeing for MP Youth Central 2026

South African newest black billionaire gifts a house to a Facebook friend

Pulse Uganda announces 3rd edition of Pulse Influencer Awards