7 assets owned by Cameroon’s richest man, Baba Ahmadou Danpullo
From humble beginnings as a truck driver to ascending the ranks as Cameroon’s richest man, Baba Ahmadou Danpullo’s journey is a testament to his remarkable determination. His impact on the business realm and his top position among Francophone Africa’s wealthiest individuals make his story nothing short of inspirational.
As the architect behind the Baba Ahmadou Group, a leading Cameroonian conglomerate, Danpullo is at the helm of a conglomerate with broad operations spanning various industries.
His ownership of Ndawara Tea Estate, the largest privately-held tea estate in West Africa, exemplifies his strategic ventures. He maintains a substantial share in Nextel, a strategic collaboration between Viettel Global Investment JSC and Best Invest Cameroon.
As of 2019, Danpullo’s wealth was valued at FCFA 547 billion ($905 million), a testament to his diversified investments spanning real estate, the culinary sector, telecommunications, and transportation.
His fortune, amounting to approximately a billion dollars, firmly establishes his position as Cameroon’s richest man and ranks him among Africa’s most affluent individuals.
Beyond his financial achievements, Danpullo’s influence extends deeply into the African business landscape. This is obvious in his recent legal actions against MTN Cameroon, resulting in a significant disruption with the freezing of the company’s bank accounts.
The repercussions of this unprecedented move compelled MTN Cameroon to seek substantial loans to restore operational stability.
As Cameroon’s richest man, Danpullo continues to play a pivotal role in the country’s economic landscape, with his investments spanning several sectors.
Billionaires.Africa has identified and tracked seven notable assets owned by Danpullo:
- Baba Ahmadou Group
Established in 1976 by Danpullo, Baba Ahmadou Danpullo Group is a cornerstone of Cameroonian business. With an unwavering commitment to excellence, the conglomerate spans a diverse spectrum of industries, encompassing real estate, telecommunications, and the agro-industry. Spearheaded by Danpullo’s leadership, this conglomerate’s impressive portfolio includes esteemed agro-food brands like Cameroon Tea Estates, Ndawara Tea Estates, Best Fish, Alba Ranch, and Best Rice, alongside the telecommunications giant Nexttel. This strategic combination of ventures has solidified the group’s stature as a titan in West Africa’s economic landscape, leaving an indelible mark across numerous sectors of the Cameroonian economy.
- Ndawara Tea Estate
Cradled amidst the undulating hills of Northwest Cameroon, Ndawara Tea Estate exemplifies Danpullo’s dedication to agricultural excellence. The estate, the largest privately-owned tea expanse in West Africa, sprawls across more than 5,000 hectares of meticulously cultivated plantation. A beacon of precision and innovation, Ndawara Tea Estate is a paragon of success, engaging in tea’s cultivation, processing, and strategic marketing.
- Ndawara Ranch
The crown jewel of West Africa’s private ranches, Ndawara Ranch, owned by Danpullo, echoes his commitment to scale and grandeur. A sprawling expanse, this ranch is home to thousands of heads of livestock, including cattle, bore goats, sheep, horses, milk-producing cows, chickens, and birds. Its scale was underlined in 2011 during the Ebolowa agro-pastoral show, where the largest of its oxen was showcased.
Danpullo’s influence shines brightly in the dynamic realm of telecommunications through Nexttel, Cameroon’s third-largest mobile carrier. This robust entity is the product of a strategic partnership between Vietnamese government-owned Viettel Global and Bestinvest Cameroun S.A.R.L. With a substantial 30-percent ownership through Bestinvest Cameroon, Baba Ahmadou Danpullo occupies a prominent position in Africa’s telecommunications sector, playing a pivotal role in shaping its evolution.
Reaching for the heavens in the bustling Central Business District of Johannesburg, South Africa, Marble Towers is an architectural masterpiece emblematic of Danpullo’s international footprint. A 32-story skyscraper adorned with a blend of concrete and marble, this iconic edifice was crafted in 1973 and continues to serve as a hub for commercial activities. Its stature is further accentuated by an eight-story attached parking garage, solidifying its status as one of Africa’s tallest structures.
- Real Estate Ventures
Beyond the realm of agribusiness, telecommunications, and towering skyscrapers, Danpullo’s presence is felt across global real estate markets. His ownership encompasses properties in Nigeria, France, Switzerland, and South Africa, bolstered by his ownership of two commercial malls. This pantheon of real estate assets firmly cements his standing as one of South Africa’s foremost proprietors of commercial properties.
- MDB Vision
MDB Vision is a Swiss-based subsidiary of the international Baba Amadou Group with operations in South Africa, Nigeria, Cameroon, and Senegal. The company is an African franchise and license operator focusing exclusively on Sport, Fashion, New Technologies, Hospitality, Food, and Supplements segments.