James Ndambo, one of Zambia’s wealthiest and most prominent businessmen, has made a foray into the private aviation sector.
Ndambo is the founder of Africa Union Holdings, a diversified investment holding company with interests in commodity trading, real estate, logistics and mining.
According to a report by Newsaero, Africa Union Holdings recently acquired a McDonnell Douglas aircraft, which will be used to launch a private jet charter company catering to VIPs in Southern Africa.
The 67-year-old Johannesburg-based tycoon joins a league of African UHNWIs who own private jet charter businesses, including Burkinabe construction mogul Mahamadou Bonkoungou, South African billionaire Nicky Oppenheimer and Beninoise oilman Samuel Dossou-Aworet, among several others.