Otedola is known for building corporate juggernauts in the energy, shipping, real estate and finance sectors.
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.
The Globacom founder's net worth at the beginning of this year was valued at $6.3 billion.
Earlier, MultiChoice had filed an appeal over a perceived wrongful tax assessment spanning 10 years.
Capricorn Group is a financial services group with an operational footprint in Botswana and Zambia.
In addition to selling YNAP, Rupert is also considering a capital raise of $100 million to bolster its operations.
Seplat Energy is a leading Nigerian independent energy company.
About 8,300 people in Kenya hold high-net-worth-individual status.
Gender parity in government has traditionally been a major challenge in African politics.