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Who is Johann Rupert? Africa’s Richest Man 2024

August 28, 2024

Johann Rupert, a South African billionaire and influential business magnate, has risen to prominence as Africa’s richest man in 2024, according to the latest Bloomberg Billionaires Index. With a net worth of $14.2 billion, Rupert has overtaken Aliko Dangote, the Nigerian industrialist who held the top spot for several years. Rupert’s fortune is rooted in his control over Cie Financiere Richemont, the world’s largest luxury watchmaker, and a diversified portfolio of investments that span across multiple industries.

Early Life and Career Beginnings

Born on June 1, 1950, in Stellenbosch, South Africa, Johann Rupert is the eldest son of the late business tycoon Anton Rupert, the founder of Rembrandt Group. Johann Rupert attended the University of Stellenbosch but left before completing his degree to pursue a business career. He started his professional journey in the United States, working at Chase Manhattan Bank and Lazard Frères, where he gained valuable experience in the financial industry.

Building an Empire: Richemont and Beyond

In 1988, Johann Rupert founded Cie Financiere Richemont in Switzerland as a spin-off of Rembrandt Group’s international assets. Richemont quickly became a global leader in the luxury goods market, housing prestigious brands such as Cartier, Jaeger-LeCoultre, and Montblanc. The company’s focus on high-end products, particularly luxury watches, has made it a dominant player in the industry, contributing significantly to Rupert’s wealth.

In addition to Richemont, Rupert also holds a controlling interest in Remgro, an investment vehicle based in Stellenbosch, South Africa. Remgro has stakes in more than 30 companies, ranging from banking and healthcare to consumer goods and energy. This diverse investment strategy has helped solidify Rupert’s financial position and expand his influence in both the South African and global markets.

Africa’s Richest Man in 2024

Johann Rupert’s ascension to the title of Africa’s richest man in 2024 marks a significant milestone in his career. According to the Bloomberg Billionaires Index, Rupert’s net worth increased by $1.87 billion year-to-date, propelling him ahead of Aliko Dangote, whose wealth saw a decline of $1.7 billion during the same period. Rupert’s financial success can be attributed to the strong performance of Richemont, as well as his strategic investments through Remgro. With a net worth of $14.2 billion, he is currently ranked, Africa’s richest man and holds the 147th position in the global ranking.

Personal Life and Philanthropy

Despite his immense wealth, Johann Rupert is known for leading a relatively private life. He is married to Gaynor Rupert, and they have three children. Rupert is also deeply involved in philanthropic activities, particularly in the fields of education and conservation. He has donated significant sums to various causes in South Africa, including the preservation of wildlife and the support of higher education institutions.

Legacy and Influence

Johann Rupert’s influence extends far beyond his business ventures. As Africa’s richest man, he is a prominent figure in global finance and luxury goods. His strategic vision and ability to navigate complex markets have earned him respect both in South Africa and internationally. Rupert’s legacy is one of innovation, resilience, and a commitment to excellence, making him a pivotal figure in the world of business.

In 2024, Johann Rupert’s success story continues to inspire entrepreneurs and business leaders across the continent and beyond. His rise to the top of Africa’s wealth rankings is a testament to his business acumen and the enduring value of his investments in the luxury goods industry.

Johann Rupert Overtakes Dangote as Africa’s Richest Man in 2024

Tosin Onisuuru

August 28, 2024

South Africa’s billionaire, Johann Rupert, has officially overtaken Aliko Dangote, the President of the Dangote Group, to become the richest man in Africa. Rupert’s rise to the top was highlighted in the latest Bloomberg Billionaires Index. Dangote, who held the title for several years, experienced a $1.7 billion decline in his wealth year-to-date. In contrast, Rupert saw his wealth increase by $1.87 billion during the same period.

The Bloomberg Billionaires Index, a daily ranking of the world’s wealthiest individuals, now positions the 74-year-old Johann Rupert as the richest person in Africa. Rupert controls Cie Financiere Richemont, the world’s largest luxury watchmaker, through a family trust. The Bellevue, Switzerland-based company is known for its prestigious brands, including Jaeger-LeCoultre and Cartier.

Beyond Richemont, Rupert’s other significant holdings include Remgro, an investment vehicle based in Stellenbosch, South Africa, with stakes in over 30 companies.

On the other hand, Aliko Dangote’s fortune is primarily tied to his 86% stake in Dangote Cement, a publicly traded company. He holds these shares directly and through his conglomerate, Dangote Industries. Dangote’s diverse investments span across sectors such as food manufacturing, fertilizer, oil, and other industries. Notably, he owns the Dangote Refinery, a 650,000 barrels per day integrated refinery located in Lagos State.

In the latest rankings, other African billionaires in the top five include South Africa’s Nicky Oppenheimer in third place with a net worth of $11.3 billion, Egypt’s Nassef Sawiris with $9.37 billion, and South Africa’s Natie Kirsh with $9.14 billion.

Globally, the top 10 richest individuals, according to the Bloomberg Billionaires Index, include:

1. Elon Musk (United States) — $236 billion

2. Bernard Arnault (France) — $198 billion

3. Jeff Bezos (United States) — $197 billion

4. Mark Zuckerberg (United States) — $185 billion

5. Bill Gates (United States) — $160 billion

6. Larry Ellison (United States) — $153 billion

7. Larry Page (United States) — $149 billion

8. Warren Buffett (United States) — $145 billion

Johann Rupert’s ascent as Africa’s richest man marks a significant shift in the continent’s wealth landscape, with his diversified investments and luxury brand portfolio driving his financial success.

Dramatic Transfer Deadline Move For Victor Osimhen Predicted

Emenike Agu

August 27, 2024

Super Eagles striker Victor Osimhen has turned down €70m move to Saudi Arabian club Al Ahli, with his agent Roberto Calenda insisting the Napoli star still has unfinished business in European football

This development comes amid heightened transfer speculation surrounding the Napoli star, who has drawn interest from several top clubs across Europe and the Middle East.

Osimhen has a litany of clubs in the Saudi Pro League willing to break the bank to sign him, but the Nigeria international has so far overlooked such overtures, looking to continue his football in Europe, preferably the English Premier League.

Italian transfer expert Fabrizio Romano confirmed that the 25-year-old and his agent outrightly rejected the Saudi move on Monday due to issues bothering on salary and release clause.

As the transfer window nears its close, the future of Nigerian striker Victor Osimhen remains one of the most compelling unresolved stories.

The Napoli forward, who was widely expected to leave Serie A this summer, continues to be at the center of intense speculation, with top European clubs such as Arsenal, Chelsea and PSG all vying for his signature.

Despite interest from Saudi Arabian clubs, Osimhen has shown little desire to move to the Middle East at this point in his career, further fueling rumors of a potential move to one of Europe’s elite teams.

Respected soccer pundits have predicted that Osimhen’s situation could lead to a dramatic transfer on deadline day.

“This is one we understand is going to go down to transfer deadline day, and it will be one of those dramatic stories about where Victor Osimhen ends up,” Ornstein noted. He highlighted Chelsea’s continued interest in the striker, while also mentioning PSG’s previous strong pursuit of the Nigerian, making them another serious contender.

Osimhen’s potential move is being compared to other high-profile transfers that have defined previous deadline days, such as Gareth Bale’s transfer to Real Madrid and Enzo Fernandez’s move to Chelsea.

With the transfer window set to close at 11:00 PM on Friday, the football world is eagerly watching to see where this Nigerian striker will land, potentially marking the most significant transfer of the summer.

Arsenal, long linked with Osimhen, could also emerge as serious contenders in the final hours, adding to the suspense surrounding his future.

Victor was elected African Footballer of the Year, finished eighth at the Ballon d’Or, and he still has so much to do in Europe. There is a need for respect and balance.

Reports indicate that Osimhen was insistent on having a release clause included in any new contract, allowing him a potential return to Europe and Champions League football in the future.

Meanwhile, Chelsea remain interested in the Nigeria striker but have been hesitant to meet Napoli’s steep valuation.

According to sources, the Blues have yet to make an official offer, with Osimhen’s significant wage demands proving to be another stumbling block. The forward reportedly seeks a £500,000-a-week salary to join the Premier League side, a figure Chelsea may find difficult to accommodate.

Paris Saint-Germain, also in need of a top striker following Gonçalo Ramos’s injury, had previously reached a preliminary agreement with Osimhen earlier this summer but have not made any concrete moves since then.

Despite the various offers on the table, it is clear that the Nigerian remains determined to pursue his European ambitions. For now, Osimhen’s focus is firmly on making an impact in Europe, where he believes his best years are yet to come.

NFF Names German Bruno Labbadia Next Super Eagles Coach

Emenike Agu

August 27, 2024

The Nigerian Football Federationon Tuesday the appointment of German coach Bruno Labbadia as the new head coach of the Super Eagles, sparking mixed reactions from fans and analysts. However, analysts believe Labbadia has the potential to lead the Super Eagles to success, thanks to his coaching philosophy and experience.

One of the key reasons Labbadia is expected to succeed is his strong adherence to the German football philosophy, which emphasizes teamwork over individual talent. The current Super Eagles squad lacks cohesion, and Labbadia’s approach could bring the much-needed balance. German football has long been associated with work rate and efficiency, qualities that have remained consistent despite various tactical changes over the years. Labbadia’s teams are known for being well-organized, disciplined, and results-focused, making him a perfect fit for the Super Eagles.

Labbadia’s coaching style is also characterized by his adaptability. He is known for his ability to adjust his tactics based on the opponents, a feature that could be crucial for Nigeria’s diverse challenges in international football. His tactical versatility is one of his strongest assets, and it could help the Super Eagles navigate the complexities of African and global football.

**Why Bruno Labbadia should succeed as Super Eagles coach**

Moreover, Labbadia’s familiarity with Nigerian star striker Victor Osimhen is another significant advantage. The German coach has followed Osimhen’s career closely, especially during his time at VfL Wolfsburg. Labbadia has often praised Osimhen’s abilities, describing him as a “classic centre-forward” and a player who excels in one-on-one situations. His admiration for Osimhen and understanding of the striker’s strengths could help him maximize Osimhen’s potential in the Super Eagles setup.

In addition to these factors, Labbadia’s career has shown a willingness to trust and develop emerging talent. At VfL Wolfsburg, he played a key role in nurturing players like Josip Brekalo and John Brooks, demonstrating his ability to bring out the best in young players. This could be particularly beneficial for the Super Eagles, who boast a number of young and promising talents.

Despite facing setbacks in his career, including multiple sackings, Labbadia has consistently bounced back, securing roles at top clubs. This resilience speaks to the respect he commands within the football community and his ability to overcome challenges—traits that will serve him well as he takes on the Super Eagles role.

One of the hallmarks of Labbadia’s teams is their strong defensive organization. He has always prioritized a solid defensive structure as the foundation for success, which could address one of the Super Eagles’ longstanding issues. While this approach may not always produce the most exciting football, it is effective in securing results.

Labbadia’s first challenge as Super Eagles coach will be against Benin rEPUBLIC ON sEPTEMBER 7 in the qualifying campaign for the 2025 Africa Cup of Nations. This match will be particularly interesting as the Benin Republic team is managed by his compatriot and former Super Eagles coach, Gernot Rhor

**Genot Rohr will be Labbadia’s first challenge**

Given the right support, Bruno Labbadia has the potential to have a successful tenure with the Super Eagles, bringing a new era of discipline, organization, and tactical acumen to the Nigerian national team.

FG’s Under-18 Ban for WASSCE: ASUU, NUT Voice Strong Reactions

Tosin Onisuuru

August 27, 2024

The Nigeria Union of Teachers (NUT) has condemned the Federal Government’s recent decision to ban under-18 candidates from sitting for the West African Senior School Certificate Examination (WASSCE) and the National Examination Council (NECO) exams. In contrast, the Academic Staff Union of Universities (ASUU) has backed the policy, emphasizing its alignment with educational standards.

On Sunday, the Minister of Education, Prof. Tahir Mamman, announced the new age policy, setting the minimum age for secondary school leaving examinations, including WASSCE and SSCE, at 18. This move bars underage candidates from these critical exams required for advancing to tertiary education in Nigeria.

The directive also extends to the West African Examinations Council (WAEC) and the National Examinations Council (NECO), which oversee the WASSCE and SSCE exams, respectively. Furthermore, Prof. Mamman confirmed that the minimum age requirement for the Unified Tertiary Matriculation Examination (UTME), conducted by the Joint Admissions and Matriculation Board (JAMB), will also be 18.

Prof. Mamman clarified that this policy is not new but a reinforcement of existing laws. He provided a detailed breakdown of the expected educational timeline, starting from early care at age six to senior secondary school graduation at age 18.

However, the policy has sparked criticism, particularly from university stakeholders. Concerns have been raised about students aged 16 and 17, who had already passed the UTME and were seeking university admission, being affected by this sudden change. Following the backlash, the minister temporarily reversed the directive, allowing under-18 candidates to be admitted into universities until 2025. Despite this, Prof. Mamman reiterated on Sunday that the age policy would be strictly enforced from next year.

Dr. Mike Ene, Secretary-General of NUT, argued that societal changes, such as early enrollment in crèches due to economic pressures, make the age restriction unrealistic. He noted that exceptional students, who may be younger but academically advanced, are not considered in this policy. He also warned that the policy could lead to legal challenges, urging the government to rethink its decision.

In contrast, ASUP National President, Mr. Shammah Kpanja, suggested that the decision to allow students under 18 to sit for exams should depend on their abilities. He advised the government to focus on more pressing issues like providing functional equipment in schools, addressing infrastructure deficits, and improving teachers’ welfare, rather than enforcing age restrictions for exams. Kpanja also pointed out the inconsistency of government policies, such as allowing child marriages in the North while restricting younger students from taking WAEC.

“Did their children sit for WASSCE at 18 years? You allow young girls to marry at 12 in the North, but they can’t take WAEC at 16? What are the government’s priorities?”

The debate over the age policy continues to generate significant discourse among educators and stakeholders, reflecting broader concerns about Nigeria’s education system and its alignment with the country’s socio-economic realities.

Who is Adeola Ajayi? 5 Key Facts About Nigeria’s New DSS Director-General

Tosin Onisuuru

August 27, 2024

Nigeria’s security landscape has undergone a significant transformation with the appointment of Adeola Oluwatosin Ajayi as the new Director-General of the Department of State Services (DSS).

Ajayi takes over from Yusuf Bichi, who was appointed by former President Muhammadu Buhari in 2018. The presidency emphasized that Ajayi’s appointment marks a crucial moment for the DSS, a critical entity in national security and intelligence gathering.

As the new DSS chief, Ajayi is expected to bring fresh perspectives and innovative strategies, particularly in enhancing internal security and tackling current and emerging threats in Nigeria. President Bola Tinubu expressed his confidence in Ajayi’s ability to reposition the DSS for improved performance, stating, “ I expect the new security chief to work professionally and bring his experience to bear in tackling the security challenges bedevilling the country through enhanced collaboration with sister agencies.”

Here are five key things to know about Adeola Ajayi, the new DSS boss:

1. Experienced Intelligence Officer

With over three decades of experience in intelligence gathering and security management, Adeola Ajayi brings substantial expertise to his new role. His long tenure in the DSS, beginning as a cadet officer in 1990, has seen him rise through the ranks due to his dedication and keen insight into national security matters.

2. Proven Leadership

Prior to his appointment, Ajayi held several key positions within the DSS, including Director of Operations. His leadership has been characterized by strategic reforms aimed at enhancing the agency’s effectiveness in addressing contemporary security challenges. Ajayi has served as a state director in several states, including Enugu, Rivers, Bauchi, Kogi, and Bayelsa.

3. International Intelligence Experience

Known for his diligent and analytical approach, Ajayi has undergone extensive training both in Nigeria and abroad, equipping him with the necessary skills for his new role. DSS spokesperson Peter Afunanya described him as “diligent, resilient, sophisticated, proactive, and analytical,” highlighting Ajayi’s capacity and goodwill as he steps into his new position.

4. Focus on Inter-Agency Collaboration

Ajayi has been a strong advocate for better cooperation between the DSS and other security agencies. His efforts in fostering inter-agency collaboration are evident from his previous assignments in various states, where he emphasized the importance of collective action in addressing Nigeria’s complex security challenges.

5. Visionary Approach to Security

Ajayi is committed to strengthening the DSS’s capacity to anticipate and counter threats. He has been tasked with embracing technology and intelligence-driven strategies to ensure national security and stability.

Understanding the DSS’s Role in Nigeria’s Security

The DSS’s primary responsibilities within Nigeria include counter-intelligence, medical intelligence, economic intelligence, internal security, counter-terrorism, and surveillance. The agency also investigates serious crimes against the state and is charged with protecting senior government officials, including the president, vice president, state governors, and visiting heads of state and government, along with their families.

NMA Anambra Chapter Calls off indefinite Strike

August 26, 2024

The Nigerian Medical Association (NMA), Anambra Branch, has called off the indefinite strike it embarked upon to protest the kidnapping of Dr. Stephen Ezeh, a private practitioner based in Ihiala.

In a statement signed by Dr. Princeston Okam and Dr. Ifeanyi Obiaeli, the Chairman and Secretary of the NMA Anambra Branch, respectively, the association announced on Sunday that the decision followed the release of Dr. Ezeh from his captors.

Recall that Dr. Ezeh was kidnapped in Ihiala on August 15, leading the NMA to direct its members to down tools on August 22, after issuing a prior 48-hour ultimatum.

“The total and indefinite strike action called by the NMA Anambra Branch to protest the kidnapping of our member, Dr. Stephen Ezeh, is hereby called off following his release.

Tinubu Appoints New Heads for NIA and DSS

Tosin Onisuuru

August 26, 2024

President Bola Tinubu has made significant changes in Nigeria’s security apparatus by appointing Adeola Oluwatosin Ajayi and Ambassador Mohammed Mohammed as the new Director-General of the Department of State Services (DSS) and Director-General of the National Intelligence Agency (NIA), respectively.

Chief Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, announced these critical appointments in a statement on Monday. The appointments come in the wake of the recent resignation of the previous heads of the DSS and NIA, marking a new chapter for Nigeria’s intelligence community.

Adeola Oluwatosin Ajayi succeeds Yusuf Magaji Bichi, who has served as DSS Director-General since his appointment by former President Muhammadu Buhari in 2018. Ambassador Mohammed Mohammed replaces Rufai-Abubakar, who recently stepped down as the NIA Director-General.

Amb. Mohammed Mohammed brings a wealth of experience to his new role, having had an illustrious career in Nigeria’s foreign service since joining the NIA in 1995. His extensive diplomatic background includes service in North Korea, Pakistan, Sudan, and at the State House in Abuja. Mohammed, a 1990 graduate of Bayero University, Kano, was most recently the head of the Nigerian mission to Libya, following his promotion to the rank of Director.

Adeola Oluwatosin Ajayi, on the other hand, has risen through the ranks within the DSS, reaching the position of Assistant Director-General before his recent appointment. Ajayi’s career includes significant leadership roles as State Director in Bauchi, Enugu, Bayelsa, Rivers, and Kogi, showcasing his extensive field experience.

“Ajayi is the new DG of DSS, while Mohammed is the new DG of NIA,” Ngelale confirmed in the statement. “These appointments are part of President Tinubu’s strategic move to enhance the effectiveness of Nigeria’s intelligence agencies.”

President Tinubu has expressed his confidence in the capabilities of the newly appointed security chiefs, urging them to leverage their vast experience to tackle the nation’s security challenges. He emphasized the importance of collaboration with sister agencies and alignment with the Office of the National Security Adviser (ONSA) to achieve better results.

In his statement, the President also extended his gratitude to the outgoing Directors-General for their dedicated service to the nation and wished them success in their future endeavors.

This transition marks a significant step in President Tinubu’s administration, aimed at fortifying Nigeria’s intelligence framework and addressing the country’s evolving security needs.

Governor Oyebanji Pledges to Enhance Educational Curriculum, Partners with UNDP

Precious Obazee

August 26, 2024

The United Nations Development Programme (UNDP) has praised Ekiti State Governor, Biodun Oyebanji, for his remarkable efforts in advancing the state’s development. The organization expressed its intention to promote Ekiti’s innovative and digital achievements to other states in the southwest and across Nigeria.

During a working visit to the Governor’s Office in Ado Ekiti, Dr. William Tsuma, UNDP’s Country Senior Innovation Adviser, highlighted the state’s progress in agriculture, education, arts and culture, and the digital economy. He noted that these initiatives have positioned Ekiti as a leading state in its pursuit of rapid development.

This visit followed Governor Oyebanji’s recent inauguration of the first Innovation Hub (Startup Garage) in Ado-Ekiti, the state capital. Dr. Tsuma emphasized the importance of innovating within the public sector to create an integrated portfolio that maximizes the sector’s deliverables. He affirmed UNDP’s commitment to collaborating with the state to advance its human development agenda, particularly by enhancing youth employability.

Dr. Tsuma also lauded the Governor for launching a Maker Space alongside the Innovation Hub, noting that UNDP would support the realization of these initiatives. He praised Oyebanji’s efforts to create an environment that offers practical public sector experience, particularly for the youth, facilitating their transition into the workforce with enhanced skills and knowledge.

Governor Oyebanji, in his remarks, stated that the establishment of the Ekiti Knowledge Zone has created a robust platform for lifting the state out of poverty by fostering ecosystems that drive innovation, technology, and improve employability. He highlighted the necessity of collaboration between the state’s Ministry of Education and the Ministry of Innovation, Science, and Digital Economy to address curriculum gaps from elementary to university level, underscoring his administration’s commitment to producing globally competitive citizens.

The Governor stressed the need for government efforts to convert citizens’ knowledge into economic prosperity, aiming to position Ekiti as a national economic hub. Acknowledging that youth make up over 75 percent of the population, Oyebanji emphasized the importance of building supportive platforms to help them achieve success in their careers and aspirations.

Governor Oyebanji also announced plans to replicate the innovation hub (Startup Garage) across all 16 local government areas in the state. He thanked UNDP for its interest and pledged to continue leveraging the capabilities of Ekiti’s citizens to provide strong leadership in education, innovation, and the digital economy.

In his remarks, Seun Fakuade, Commissioner for Innovation, Science, and Digital Economy, expressed the state’s readiness to partner with UNDP in innovation and capacity development initiatives. He reiterated the ministry’s focus on fostering development through innovation, with youth playing a central role in this vision.

EPL: Noni Madueke bags hat-trick as Chelsea thrash Wolves

Emenike Agu

August 26, 2024

Noni Madueke scored a hat-trick as Chelsea secured a dominant 2-6 victory over Wolves at Molineux on Sunday, bouncing back from their earlier defeat to Manchester City.

Chelsea, under new manager Enzo Maresca, showed their attacking prowess with Noni Madueke leading the charge.

The match started with Chelsea taking an early lead through Nicolas Jackson, who scored within two minutes. Wolves managed to equalize after half an hour with a goal from Matheus Cunha. However, Chelsea regained their lead just before halftime, thanks to Cole Palmer’s brilliant lob.

Wolves quickly responded with another equalizer from Strand Larsen, making it 2-2. But Chelsea came out strong in the second half, with Madueke scoring twice in quick succession to give Chelsea a 4-2 lead. Madueke completed his hat-trick an hour into the match, putting the game beyond Wolves’ reach.

Joao Felix, who was making his second debut for Chelsea, came off the bench to add a sixth goal, sealing a comprehensive victory for the Blues. Despite Wolves’ efforts, they were unable to match Chelsea’s intensity and were left to ponder their defensive struggles.

This win gives Chelsea a boost as they prepare for their upcoming Europa Conference League qualifier against Servette and their Premier League clash with Crystal Palace next weekend.

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