#8 Abdulsamad Rabiu
Nigeria’s Abdulsamad Rabiu is in number eight position among the top 20 African billionaires.
He is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. In early January 2020, he merged his privately-owned Obu Cement company with listed firm Cement Company of Northern Nigeria, which he controlled. The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.5% of it.