Africa Is a Country

African Booty

African Booty

By
Sean Jacobs

Sean Jacobs
Forbes Magazine–fresh from its cover story last week about Barack Obama’s “Kenyan, anti-colonialist tendencies” which he inherited from his “Luo tribesman father”–gets back to its normal business: reminding us who has real power. Its annual list of the world’s wealthiest people was published this week. As usual they published two lists: the 400 richest Americans (which contains little surprises);  that list is then combined with the rest of the globe’s into a 1000-person list of “The World Billionaires.”  A few of the world’s super wealthy who list themselves as citizens of African countries (whether they live there or not) make the cut:*

127 Nassef Sawiris (Egypt), worth US$5.1bn from construction  (above).
154 Nicky Oppenheimer & family (South Africa), $5bn from diamond mining.
307 Onsi Sawiris (Egypt), father of Nassef, $3.1bn also from construction.
374 Naguib Sawiris (Egypt), brother of Nassef, $2.4bn from telecoms.
421 Johann Rupert & family (South Africa), $2.3bn from luxury goods.
421 Patrice Motsepe (South Africa), $2.3bn from mining.
463 Aliko Dangote (Nigeria), $2.1bn from sugar, flour and cement.
655 Samih Sawiris (Egypt), brother of Nassef, worth $1.5bn from hotels.

We’re not celebrating. We’re not getting any of that money.

* We wanted to, but didn’t have time to work through the list and highlight those wealthy non-Africans who also derive massive profits from the continent. For starters we known that 2 of the top 10–Bill Gates and Lakshmi Mittal–have economic interests on the continent.

Further Reading

Not exactly at arm’s length

Despite South Africa’s ban on arms exports to Israel and its condemnation of Israel’s actions in Palestine, local arms companies continue to send weapons to Israel’s allies and its major arms suppliers.

Ruto’s Kenya

Since June’s anti-finance bill protests, dozens of people remain unaccounted for—a stark reminder of the Kenyan state’s long history of abductions and assassinations.

Between Harlem and home

African postcolonial cinema serves as a mirror, revealing the limits of escape—whether through migration or personal defiance—and exposing the tensions between dreams and reality.

The real Rwanda

The world is slowly opening its eyes to how Paul Kagame’s regime abuses human rights, suppresses dissent, and exploits neighboring countries.

In the shadow of Mondlane

After a historic election and on the eve of celebrating fifty years of independence, Mozambicans need to ask whether the values, symbols, and institutions created to give shape to “national unity” are still legitimate today.

À sombra de Mondlane

Depois de uma eleição histórica e em vésperas de celebrar os 50 anos de independência, os moçambicanos precisam de perguntar se os valores, símbolos e instituições criados para dar forma à “unidade nacional” ainda são legítimos hoje.