Forbes Africa released its annual list of Africa’s billionaires with its 2024 class of 20 billionaires now worth $82.4bn. Collectively, these billionaires would be the 18th richest person in the world sandwiched between Indian Gautam Adani ($84bn) and Walmart heir Jim Walton ($78.4bn). For yet another year, Forbes does not feature any Ugandan. But Uganda isn’t the only country that is not represented here. The 20 billionaires come from just 7 countries. Forbes recognises that Africa is one of the “toughest places to build and hold onto a billion-dollar fortune” due to various factors like scepticism from global investors, strained…
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