In a continent full of entrepreneurial spirit and innovation, African women are breaking barriers and building billion-dollar empires. From oil and banking to pharmaceuticals and telecom, these powerful women are redefining what it means to succeed in Africa today.
At UhondoDaily, we’re highlighting six of the richest women in Africa, each with a net worth exceeding $800 million.
1. Folorunsho Alakija (Nigeria)
Estimated Net Worth: $1.2 Billion
Folorunsho Alakija is one of Africa’s most influential female billionaires. Her wealth stems from:
- A 60% stake in the Agbami offshore oil field
- Investments in fashion, real estate, publishing, and philanthropy
She is a self-made businesswoman who has broken barriers in the oil sector, traditionally dominated by men.
2. Isabel dos Santos (Angola)
Estimated Net Worth: $1.1 Billion
Once Africa’s richest woman, Isabel dos Santos, built her empire through:
- Telecommunications (Unitel)
- Banking (Banco BIC, BPI)
- Oil & Gas (Sonangol)
- Diamonds and real estate
Despite facing legal challenges and corruption allegations, she remains a significant figure in Africa’s business landscape.
3. Ngina Kenyatta (Kenya)
Estimated Net Worth: Nearly $1 Billion
Popularly known as "Mama Ngina," she is a powerful businesswoman and former First Lady of Kenya. Her wealth includes:
- Extensive land ownership
- Stakes in banking, media, hospitality, dairy, and education
- Offshore investments and government pensions
She is one of East Africa’s most prominent and wealthiest women.
4. Hajia Bola Shagaya (Nigeria)
Estimated Net Worth: $950 Million
Bola Shagaya has built a diverse investment portfolio. Her main income sources include:
- Oil & gas companies like Practoil Limited and Voyage Oil and Gas
- Luxury real estate holdings in Nigeria and abroad
Her business empire stretches from Lagos and Abuja to the U.S. and Europe.
5. Daisy Danjuma (Nigeria)
Estimated Net Worth: $900 Million
Daisy Danjuma is a legal expert, former senator, and successful businesswoman with interests in:
- Oil exploration (SAPETRO)
- Pharmaceuticals (Chair of May & Baker)
- Board memberships and legal consultancy
Her influence in both politics and business continues to grow.
6. Dr. Stella Chinyelu Okoli (Nigeria)
Estimated Net Worth: $800–$850 Million
Dr. Stella Chinyelu Okoli is the founder of Emzor Pharmaceutical Industries, one of Nigeria’s largest drug manufacturers. Her wealth comes from:
- Over 120 pharmaceutical products
- High-volume production and revenue
- Leadership in health-sector advocacy and corporate governance
Her impact on public health and the business world is widely recognized.
💖From the Heart
These women prove that with vision, resilience, and strategy, success is possible at the highest levels—even in traditionally male-dominated industries.
They are not just rich—they are pioneers, employers, role models, and influencers shaping Africa’s economic future.
💬 Have thoughts or suggestions about this list?
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