Home Business & Economy Forbes: Egyptian President Abdel el-Sisi, Rated “The Most Powerful Man in Africa 2016” Followed By Aliko Dangote

Forbes: Egyptian President Abdel el-Sisi, Rated “The Most Powerful Man in Africa 2016” Followed By Aliko Dangote


Forbes magazine recently released the annual The World’s Most Powerful People for 2016, which rated Russian president Vladimir Putin as #1 most powerful man in the world, followed by the new US president-elect Donald Trump taking the #2 position.

The overall list has just 74 people, two of which are Africans. Egyptian president Abdel Fattah el Sisi is rated as #44 in the world, which automatically makes him the Most Powerful Man in Africa, followed by Nigerian business mogul and Africa’s Richest Man,  Aliko Dangote as #68 most powerful man in the world, which also makes him the second Most Powerful Man in Africa

Abdel el-Sisi
Abdel Fattah el Sisi  – #44 Powerful People (2016)

Abdel Fattah el Sisi age 62 is the incumbent president of Egypt, the most populous state in the Arab world. A former Egyptian defense minister and commander-in-chief of the armed forces, he assumed power in 2014 after winning 97% of the vote in the country’s presidential election. Previously, in 2013, the Egyptian military ousted President Mohamed Morsi, with el-Sisi saying Morsi “did not achieve the goals of the people.”

Friend of economic reform and foe to many civil liberties and “extremist thought,” el-Sisi has backed actions against ISIS as the West turns to the former general as a moderating force and economic stabilizer in the region.

Aliko Dangote
Aliko Dangote – #68 Powerful People (2016)

Aliko Dangote, Africa’s richest man, founded and chairs Dangote Cement, the continent’s largest cement producer. In 2015 Dangote Cement launched new plants in Cameroon, Ethiopia, Zambia and Tanzania. The company produces more than 30 million metric tons annually, and plans to double capacity by 2018. Dangote owns about 90% of publicly-traded Dangote Cement through a holding company; this percentage exceeds the 80% ownership ceiling set by the Nigerian Stock Exchange.

A spokesman for Dangote told Forbes that the company has until October 2016 to lower Aliko Dangote’s stake and plans to do so by then. Other companies in the Dangote Group, which is active in 15 African countries, include publicly-traded salt, sugar and flour manufacturing companies.

Source: Forbes

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