Billionaire Abdul Samad Rabiu has risen to become Africa’s fourth richest individual with an estimated net worth of $11.3 billion, according to the Bloomberg Billionaires Index.

The gain follows strong earnings growth at BUA Foods Plc, which reported a 91% increase in profit after tax and expanded operations through new manufacturing and processing projects. He moves ahead of Naguib Sawiris in the latest continental wealth rankings. Source: Business Insider