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.
Bouba is one of the richest businessmen in Cameroon with an empire that has tentacles in food and beverages, retail and property.
This bold move by Foyou is expected to ignite a wave of competition among both multinational and national banks.
Fokam is the majority shareholder of Afriland First Group.
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.
Cameroonian tycoon Samuel Foyou, who is one of the country’s richest men, established Brasaf in 2014 and also owns Fermencam, a distillery.
Fokam is one of Africa’s richest men, with a fortune assessed at more than $800 million in 2020.