John Campbell

Africa in Transition

Campbell tracks political and security developments across sub-Saharan Africa.

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Showing posts for "Angola"

Really, Really Rich People in Africa

by John Campbell
Nigeria's President Goodluck Jonathan (back L) looks on as Nigerian billionaire Aliko Dangote points to the site of a new cement plant branch during a commissioning ceremony at the Dangote cement factory in Obajana, Kogi state, June 11, 2012. (Akintunde Akinleye/Courtesy Reuters) Nigeria's President Goodluck Jonathan (back L) looks on as Nigerian billionaire Aliko Dangote points to the site of a new cement plant branch during a commissioning ceremony at the Dangote cement factory in Obajana, Kogi state, June 11, 2012. (Akintunde Akinleye/Courtesy Reuters)

According to Forbes, the first African ever has entered into the “top 25” of the world’s billionaires. He is Aliko Dangote, number 23. Forbes says that his net worth is now U.S. $25 billion up from $3.3 billion in 2007. His wealth is based on cement, but he is also investing in agriculture. Read more »

Africa Unlikely to Win World Bank Presidency

by John Campbell
Dartmouth College President Jim Yong Kim (C) walks off stage with Secretary of State Hillary Clinton and Treasury Secretary Tim Geithner (L) after U.S. President Barack Obama (not pictured) named Kim as his nominee to be the next president of the World Bank, in the Rose Garden of the White House in Washington, March 23, 2012. (Jonathan Ernst/Courtesy Reuters) Dartmouth College President Jim Yong Kim (C) walks off stage with Secretary of State Hillary Clinton and Treasury Secretary Tim Geithner (L) after U.S. President Barack Obama (not pictured) named Kim as his nominee to be the next president of the World Bank, in the Rose Garden of the White House in Washington, March 23, 2012. (Jonathan Ernst/Courtesy Reuters)

Nigeria, South Africa, and Angola are supporting the candidacy of Nigeria’s foreign minister, Ngozi Okonjo-Iweala, for the World Bank (WB) presidency. For that office, President Obama has nominated the president of Dartmouth and a medical doctor, Jim Yong Kim, who has a distinguished background in development — but not in business, finance or politics, as his predecessors have had. Read more »