Cameroon’s richest man, Baba Danpullo, blocked from selling Sodecoton stake
President Paul Biya halts Baba Ahmadou Danpullo’s plan to sell his Sodecoton stake, keeping Cameroon’s richest man in the cotton giant.
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President Paul Biya halts Baba Ahmadou Danpullo’s plan to sell his Sodecoton stake, keeping Cameroon’s richest man in the cotton giant.
Sodecoton okays a 500 million CFA ($810,000) dividend as Cameroon lifts its stake to 89%, leaving Baba Ahmadou Danpullo’s SMIC with 11% and steady cashflows.
This is a major twist in the ongoing legal battle between Baba Ahmadou Danpullo and First National Bank (FNB), with MTN Cameroon caught in the middle.
From his early days in tea cultivation to owning one of South Africa’s largest private property portfolios, his story is one of grit, vision, and calculated ambition.
Baba Ahmadou Danpullo’s foray into maritime transport is expected to shape the industry landscape.
The legal uncertainty cast by Baba Ahmadou Danpullo, who ranks as Cameroon’s richest man, threatens the group’s $200-million investment.
As Cameroon’s richest man, Danpullo continues to play a pivotal role in the country’s economic landscape.
Earlier this year, Danpullo accused First National Bank of orchestrating the misleading seizure and liquidation of his South African properties.
Danpullo is the founder of Baba Ahmadou Group.
Danpullo is the founder of Baba Ahmadou Group, a Cameroonian conglomerate that owns the Ndawara Tea Estate.