Politics, Governance & Regional Affairs
Top 10 Richest Politicians in Africa 2024
Explore the wealth, net worth, and business empires of Sub-Saharan Africa’s top 10 richest politicians in 2024, ranked and profiled.
Here’s the refined and ranked list of the richest politicians in Sub-Saharan Africa for
2024, starting with the wealthiest:
Table of contents
- 1–King Mohammed VI (Morocco)
- 2- Teodoro Obiang Nguema Mbasogo (Equatorial Guinea)
- 3–Yoweri Museveni (Uganda)
- 4- Ali Bongo Ondimba (Gabon)
- 5-Orji Uzor Kalu (Nigeria)
- 6 -Cyril Ramaphosa (South Africa)
- 7—Uhuru Kenyatta (Kenya)
- 8—Rochas Okorocha (Nigeria)
- 9—Mohammed Indimi (Nigeria)
- 10—Alassane Ouattara (Ivory Coast)
1–King Mohammed VI (Morocco)

–Net worth: $1.9 billion
-Sources of Wealth: Royal investments across various sectors, including real estate, banking, and mining.
King Mohammed VI of Morocco: A Visionary Leader Shaping Morocco’s Future
King Mohammed VI, who ascended to the throne in 1999, has been a
transformative figure in Morocco’s modern history.
Under his leadership, Morocco has seen remarkable political, economic, and social reforms. His vision of modernisation, epitomised by the 2011 constitutional reforms, aimed to
strengthen democratic institutions and address the demands of the people.
King Mohammed VI has spearheaded ambitious projects, such as the development of
large-scale infrastructure, renewable energy initiatives, and the promotion of
Morocco as a regional economic hub.
His progressive approach continues to foster growth, stability, and Morocco’s growing influence on the African continent and beyond.
2- Teodoro Obiang Nguema Mbasogo (Equatorial Guinea)

-Net worth: $600 million to $1 billion
-Sources of Wealth: Oil and gas industry, with significant control over the
country’s resources.
Teodoro Obiang Nguema Mbasogo: Africa’s Longest-Serving Leader Teodoro Obiang Nguema Mbasogo, who has ruled Equatorial Guinea since 1979, is Africa’s longest-serving president. Coming to power after a military coup that ousted his uncle, Obiang’s tenure has been marked by significant oil wealth but also by criticisms of human rights abuses and political repression. While his regime has overseen.
economic growth fueled by oil exports, much of the wealth has remained concentrated
in the hands of the elite, with widespread poverty persisting. Despite facing international
scrutiny, Obiang has remained a key figure in Central African politics, navigating
relations with both Western powers and regional neighbours.
His leadership continues to shape the future of Equatorial Guinea, balancing development ambitions with ongoing calls for democratic reforms.
3–Yoweri Museveni (Uganda)

-Net worth: $1 billion
-Sources of Wealth: Diversified investments in agriculture, real estate, and
Uganda’s emerging oil industry.
Yoweri Museveni: A Pillar of Ugandan Politics for Over Three Decades
Yoweri Museveni, Uganda’s president since 1986, has been a dominant figure in the
country’s political landscape for over three decades.
Rising to power after leading a successful guerrilla war, Museveni promised to bring stability and economic growth to a nation that had been ravaged by dictatorship and civil conflict. Under his leadership, Uganda has experienced notable economic progress, particularly in agriculture and infrastructure.
However, his extended rule has also drawn criticism for democratic backsliding, with concerns over electoral fairness, media freedom, and human rights.
Despite calls for reform, Museveni remains a key player in East African geopolitics,
maintaining a strong influence on regional security and economic cooperation.
4- Ali Bongo Ondimba (Gabon)

-Net worth: $1 billion
-Sources of Wealth: Oil and state-controlled business ventures in Gabon.
Ali Bongo Ondimba: A Legacy of Leadership in Gabon Ali Bongo Ondimba, who served as president of Gabon from 2009 until his recent ousting in 2023, inherited leadership from his father, Omar Bongo, who ruled for over 40 years.
Ali Bongo’s presidency was marked by efforts to modernize the country’s
infrastructure, diversify its economy beyond oil, and implement social reforms. However,
his tenure was also characterized by growing concerns over political opposition
suppression, allegations of electoral fraud, and challenges to democratic governance.
Despite these controversies, Bongo remained a prominent figure in African politics, with a focus on regional cooperation and Gabon’s role in the international arena. His sudden
removal in a military coup has left a significant mark on Gabon’s future direction.
5-Orji Uzor Kalu (Nigeria)

Net worth: $1.1 billion
Sources of Wealth: Oil, banking, media, and real estate.
Orji Uzor Kalu: A Prominent Nigerian Politician and Business Mogul Orji Uzor Kalu, a key figure in Nigerian politics and business, has played a significant role in shaping the country’s political and economic landscape.
As the former governor of Abia State from 1999 to 2007, Kalu was known for his ambitious infrastructure projects and efforts to promote local industry. Beyond politics, he is a successful
businessman with interests spanning media, shipping, and manufacturing.
A member of Nigeria’s Senate since 2019, Kalu remains a powerful figure in the All Progressives Congress (APC), influencing national policy. Despite facing legal challenges in the past, including a corruption conviction that was later overturned, his influence continues to shape Nigeria’s political discourse.
6 -Cyril Ramaphosa (South Africa)

-Net worth: $450 million to $550 million
-Sources of Wealth: Mining, agriculture, and real estate, including his stake in
South Africa’s mining industry
Cyril Ramaphosa: Leading South Africa Through Challenges and Change Cyril Ramaphosa, South Africa’s president since 2018, has steered the country through a period of significant economic and political challenges.
Known for his role in the anti- apartheid struggle and as a key negotiator during the transition to democracy, Ramaphosa’s presidency has focused on tackling corruption, revitalising the economy, and addressing issues like unemployment and inequality.
Under his leadership, South Africa has also taken bold steps toward energy reform, including efforts to address the nation’s power crisis. Ramaphosa continues to be a central figure in the fight for a more inclusive and prosperous South Africa, despite facing both progress and setbacks during his tenure.
7—Uhuru Kenyatta (Kenya)

Net worth: $500 million to $650 million
Sources of Wealth: Family businesses in agriculture, banking (Brookside Dairy,
Commercial Bank of Africa), and real estate.
Uhuru Kenyatta: A Legacy of Leadership and Transformation in Kenya
Uhuru Kenyatta, Kenya’s president from 2013 to 2022, played a pivotal role in shaping
the nation’s political and economic landscape.
As the son of Kenya’s first president, Jomo Kenyatta, he navigated his leadership with a focus on infrastructure development, economic growth, and regional influence. During his two terms, Kenyatta spearheaded initiatives such as the Big Four Agenda, aimed at enhancing affordable housing, universal healthcare, manufacturing, and food security.
He also championed Kenya’s role in regional diplomacy and continental integration. Despite facing challenges, including the aftermath of political divisions and corruption scandals, Kenyatta remains a key figure in Kenya’s modern history, influencing both national and regional development.
8—Rochas Okorocha (Nigeria)

-Net worth: $1 billion
-Sources of Wealth: Education, media, real estate, and oil.
Rochas Okorocha: A Visionary Politician and Philanthropist in Nigeria Rochas Okorocha, former governor of Imo State, Nigeria, has made his mark as both a politician and philanthropist. Serving from 2011 to 2019, Okorocha focused on large-
scale infrastructure projects, educational reforms, and poverty alleviation, earning a
reputation for ambitious development plans.
Known for his larger-than-life personality and controversial policies, he also established numerous schools and institutions through his philanthropic work. A member of the All Progressives Congress (APC), Okorocha remains a key figure in Nigerian politics, continuing to influence both his state and national political discourse.
Despite facing challenges, including allegations of corruption, his legacy of public service and ambition shapes his ongoing political career.
9—Mohammed Indimi (Nigeria)

-Net worth: $1 billion. -Sources of Wealth: Oil and gas through his company, Oriental Energy Resources
Mohammed Indimi: A Nigerian Oil Tycoon and Business Mogul Mohammed Indimi is a prominent Nigerian businessman and one of the country’s wealthiest individuals, best known for his successful ventures in the oil and gas sector.
As the founder of the Oriental Energy Resources, Indimi has played a key role in
Nigeria’s oil industry, with a focus on exploration and production in the Niger Delta.
Beyond oil, he has diversified his interests into real estate, banking, and agriculture.
A philanthropist, Indimi is also recognised for his charitable work, particularly in education
and healthcare, through the Mohammed Indimi Foundation. His influence extends
across both business and political spheres, making him a significant figure in Nigeria’s
economic landscape.
10—Alassane Ouattara (Ivory Coast)

-Net worth: $500 million
-Sources of Wealth: Banking and finance, with substantial fortune accumulated in
the banking sector.
Alassane Ouattara: Steering Ivory Coast Towards Stability and Growth Alassane Ouattara, the president of Ivory Coast since 2011, has been a central figure in the country’s post-crisis recovery and economic transformation.
Taking office after a period of political unrest, Ouattara’s leadership has focused on restoring stability, attracting foreign investment, and driving economic growth. Under his administration, Ivory Coast has seen significant infrastructure development, a boost in agricultural exports, and improvements in education and healthcare.
Despite challenges, including political opposition and regional security concerns, Ouattara’s commitment to economic reform and national unity has solidified his position as a key leader in West Africa.
His tenure continues to shape the future trajectory of Ivory Coast, positioning the country as
a rising power on the African continent.
This ranking is based on a combination of publicly available data, business interests,
and political roles. These leaders have significantly diversified their wealth into
industries like oil, mining, real estate, and finance, often leveraging their political
influence for business growth.
Elections & Political Transitions
Tanzania Election: Crackdowns and Treason Charges
The Catholic Church condemned the killing of protesters following the disputed elections. Leaders emphasize that justice is essential for national peace and stability.
Mass arrests, treason charges, and deadly crackdowns follow Tanzania’s disputed October 29 election, raising global concerns over democracy.
November 10, 2025-Tanzania is in the midst of a deepening political crisis following the October 29 general election. The vote has sparked mass arrests, treason charges, and deadly crackdowns on protesters. Analysts warn the unrest could destabilise the nation’s democratic institutions and affect regional economic stability.
Post-Election Violence and Casualties
Reports indicate that hundreds, possibly over a thousand, people have died in the days following the election. The opposition party Chadema claims the death toll exceeds 700. Human rights groups estimate that fatalities could reach 3,000. At a funeral in Dar es Salaam, Archbishop Jude Thaddaeus Ruwa’ichi declared, “The punishment for protests is not to shoot and kill,” highlighting growing outrage over the government’s response.
Families of victims say the military used live ammunition against demonstrators, and local hospitals report treating hundreds of injured civilians. The crackdown has left communities in fear, and social media accounts detail ongoing incidents of violence in major cities and rural areas alike.
Opposition Crackdown and Treason Charges
Security forces have arrested senior Chadema leader Amani Golugwa, along with several party officials. Warrants have been issued for dozens more involved in post-election demonstrations.
At least 145 individuals face treason charges, accused of plotting to obstruct the electoral process. Analysts say the government’s actions appear designed to paralyze the opposition and limit political competition. Opposition members claim the arrests violate constitutional rights, while civil society groups have condemned what they call “selective persecution.”
Disputed Victory and Authoritarian Concerns
President Samia Suluhu Hassan reportedly secured 97–98 percent of the vote. Observers have widely disputed the results, noting irregularities and restrictions on campaigning. Security forces deployed heavily to suppress dissent, while civil society activists faced intimidation and arrest.
Analysts suggest the election reflects a broader authoritarian shift. By restricting opposition activity and controlling public discourse, the government risks undermining trust in democratic institutions. The crackdown has drawn attention from regional bodies concerned with election fairness and transparency.
Global Attention and Economic Risks
The African Union and the United Nations have urged independent investigations into the killings. Analysts warn political instability could deter foreign investment, hinder development programs, and disrupt regional trade.
Economists emphasize that investor confidence depends on transparency and stability. With Tanzania facing scrutiny over human rights, donors may reconsider aid and multilateral programs, potentially affecting projects in infrastructure, health, and education.
Legal Criticism and Rule-of-Law Challenges
Treason indictments have sparked criticism. Boniface Mwabukusi of the Tanganyika Law Society called the charges “a mockery of justice.” Opposition leaders assert the arrests aim to suppress dissent and restrict political competition.
Civil society groups continue documenting human rights violations. Security forces’ use of excessive force has drawn condemnation from church leaders and community organizations. Analysts say that such measures could deepen societal divisions and risk further escalation if unaddressed.
Regional Implications
Observers note that the crackdown carries broader consequences for East Africa. Neighboring countries are watching closely, as Tanzania’s approach may influence political norms in the region. Trade and cross-border investment could be affected if the crisis undermines confidence in governance and stability.
The government’s response also sends a signal to multinational investors monitoring the East African market. A perception of unpredictability and authoritarianism may deter foreign capital, affecting sectors such as energy, manufacturing, and tourism.
Calls for Dialogue and Accountability
Despite the crisis, some officials are advocating for dialogue and reconciliation. Archbishop Ruwa’ichi stressed, “There can be no peace without justice.” Analysts say transparency in reporting casualties, independent investigations, and meaningful engagement with opposition leaders are essential to prevent further unrest.
Political commentators argue that Tanzania has a narrow window to restore credibility. The coming weeks will determine whether reforms are implemented or repression becomes entrenched. International and domestic scrutiny will be key in shaping the country’s democratic trajectory.
Bottom Line
The post-election crackdown in Tanzania is more than a domestic issue; it is a global concern. How the government handles human rights allegations, manages dissent, and restores public trust will define its credibility. Investors, policymakers, and citizens alike are watching closely. The events following the October 29 election serve as a litmus test for governance, institutional integrity, and democratic resilience in Tanzania.
Regional Security & Peacebuilding
DRC-Rwanda Economic Pact Signed
The agreement includes the Ruzizi III Hydropower Project and plans for cross-border transport corridors. Analysts say this pact could stabilize the region and unlock investment opportunities for global corporations.
DRC and Rwanda initial US-backed economic deal to boost trade, infrastructure, and mineral investment in the Great Lakes region
Washington D.C., 7 November 2025 – The Democratic Republic of the Congo (DRC) and Rwanda have signed a U.S.-backed economic cooperation framework, aiming to boost trade, infrastructure, and mineral development in the Great Lakes region. The deal, reported by Bloomberg, marks a major step in implementing the 2025 peace agreement between the two countries.
The framework outlines cooperation in mining, transport, energy, trade, healthcare, and environmental conservation. It also sets rules for resource management, aiming to prevent disputes that have plagued the eastern DRC in the past.
“This is a critical step for regional stability and economic growth,” a senior U.S. official said, highlighting the international community’s support.
What the Deal Covers
The pact focuses on several areas:
- Minerals: DRC’s rich reserves of cobalt, copper, lithium, and gold will be developed with transparency, opening opportunities for international investors.
- Infrastructure: Projects include the Ruzizi III Hydropower Project and new cross-border transport corridors to improve trade links.
- Trade and Business: The agreement aims to simplify customs and create economic zones along the border.
- Environment and Health: Both countries plan joint initiatives in public health and conservation.
Why It Matters
The timing of the agreement is significant. Years of conflict in eastern DRC, involving the M23 rebel group, have destabilized the region and affected trade and investment. (AP News) By focusing on development rather than just security, the pact signals a new approach to peace: using economic cooperation to strengthen stability.
Globally, the deal is important because:
- It opens African investment opportunities in minerals, energy, and infrastructure.
- It secures supply chains for critical minerals used in electric vehicles and batteries.
- It provides a model of peace through economic integration, relevant to other conflict-prone regions.
Challenges Ahead
Despite the optimism, obstacles remain:
- Security: Withdrawal of foreign troops from eastern DRC is still incomplete.
- Community trust: Local populations remain cautious after previous agreements failed to deliver results.
- Governance: Ensuring minerals benefit local communities rather than elites is essential.
- Geopolitical risks: Global interest in DRC’s resources makes the region sensitive to shifting international priorities.
Next Steps
The draft framework is expected to be finalized in the coming weeks. Implementation will include infrastructure development, mineral-sector reforms, and expanded trade initiatives. International investors and development agencies are watching closely, looking for stability and clear regulations to guide investments.
“This deal could change the trajectory of the Great Lakes region,” said an analyst tracking African economic development. “It’s a signal that diplomacy, trade, and investment can work hand-in-hand to secure peace and growth.”
Politics, Governance & Regional Affairs
TPLF Says Ethiopia Violated Peace Accord
The African Union and global partners urge restraint as tensions threaten to unravel Ethiopia’s fragile post-war peace.
The Tigray People’s Liberation Front accuses Ethiopia’s federal forces of a drone strike that breaches the 2022 peace deal.
ADDIS ABABA, Nov. 8 – The Tigray People’s Liberation Front (TPLF) has accused Ethiopia’s federal government of carrying out a drone strike near the Tigray-Afar border, reigniting tensions less than three years after both sides signed a peace deal to end the country’s devastating civil war.
The drone attack, which reportedly took place on November 7, killed at least five people and injured several others, according to local sources cited by The Eastleigh Voice News. The TPLF, in a letter addressed to the African Union (AU) and the United Nations, said the incident “constitutes a clear violation of the 2022 Pretoria peace agreement.”
The Ethiopian government has not publicly commented on the allegations. Officials in Addis Ababa have in the past denied launching airstrikes in the northern regions, often dismissing such claims as “propaganda aimed at derailing peace.”
Warning of Escalation
In the letter, TPLF spokesperson Getachew Reda warned that continued military operations “will leave Tigray’s leadership with no option but to defend our people.” He said the strike represents “a dangerous slide back into open confrontation,” according to Ethiopia Observer.
“This attack breaches both the letter and the spirit of the Pretoria agreement,” Reda wrote. “If such provocations persist, they will destroy the fragile trust we have worked hard to rebuild.”
Independent verification of the drone strike remains difficult due to restricted access to the affected areas. Humanitarian workers say the incident occurred near Abala, a town on the Tigray-Afar frontier that saw heavy fighting during the two-year civil war.
According to analysts quoted by The Soufan Center, the renewed accusations risk reigniting conflict in a region still recovering from famine, displacement, and infrastructure collapse.
A Fragile Peace
The Pretoria peace accord, brokered in November 2022 under the auspices of the African Union, formally ended hostilities between the TPLF and Prime Minister Abiy Ahmed’s federal government. The deal led to a cessation of fighting, restoration of humanitarian aid, and partial reintegration of Tigray into the national framework.
However, tensions have persisted over the disarmament process, the status of Western Tigray, and the return of internally displaced people.
“Peace in Tigray was never absolute—it was conditional and deeply political,” said William Davison, an analyst at the International Crisis Group. “Each flare-up exposes how fragile that peace remains.”
In recent months, both sides have accused each other of undermining the agreement. The TPLF has claimed federal troops remain deployed in violation of withdrawal commitments, while federal authorities say the TPLF has delayed full disarmament of its forces.
Humanitarian Concerns
The alleged drone strike comes as aid agencies warn of growing humanitarian needs in northern Ethiopia. Nearly four million people remain food-insecure, and more than one million are still displaced, according to the World Food Programme (WFP).
A senior humanitarian official based in Mekelle told Reuters that renewed fighting “would be catastrophic.” He added that “any escalation would immediately disrupt aid corridors and could push communities already on the brink into famine again.”
The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) said it is “monitoring reports of security incidents” in Tigray and Afar.
Regional Repercussions
Ethiopia’s stability is critical to the wider Horn of Africa, where regional conflicts in Sudan and Somalia have already strained humanitarian resources and cross-border trade.
Experts say another flare-up in Tigray could derail Ethiopia’s economic recovery and undermine investor confidence, particularly in energy and infrastructure projects.
“If violence resumes, it would rattle markets and reverse the modest gains Ethiopia has achieved since the 2022 truce,” said Abdul Mohammed, a Horn of Africa security analyst based in Nairobi.
The African Union and United States have urged both sides to exercise restraint and recommit to dialogue. In a statement, the AU Commission Chair Moussa Faki Mahamat called the situation “deeply concerning” and urged “immediate steps to prevent a relapse into hostilities.”
What’s Next
As of Friday, there were no confirmed reports of troop movements. But residents near Abala said federal patrols had intensified since the alleged strike.
The TPLF has demanded an international investigation and called on the African Union Monitoring and Verification Mission to access the site. Diplomatic sources in Addis Ababa said AU officials are seeking clarification from both parties before issuing a formal statement.
Analysts at The Soufan Center warn that even isolated incidents risk unraveling the broader peace process. “Without transparency and accountability, mistrust will deepen,” the center noted in a briefing.
For Ethiopia, the stakes are high. The fragile calm that followed the 2022 peace accord is now under pressure from renewed accusations, regional instability, and economic strain.
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