The company operates as a member of Standard Bank Group, a financial services giant based in South Africa.
Otedola is known for building corporate juggernauts in the energy, shipping, real estate and finance sectors.
Ennakl is a Tunisian auto retailer selling cars under the Volkswagen, Audi, Seat and Porsche brands.
Equity Group Holdings Limited is a leading financial services holding based in Nairobi.
Otedola remains one of Nigeria’s wealthiest businessmen, who has conquered industries ranging from banking to oil and gas.
The funds will be used to kickstart sugarcane cultivation and sugar production.
Bread for All claimed that the group minimizes its tax burden through the use of offshore jurisdictions.
The Globacom founder's net worth at the beginning of this year was valued at $6.3 billion.
His $7.2-billion fortune is derived from closely held companies such as Preem, Svenska Petroleum and Midroc Europe.
ADI is Morocco’s largest home and hotel builder. Lazraq holds a majority 51.7-percent stake in the company.