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Africa’s Top 5 Millionaire Entrepreneurs under 45 in 2024.

by ericsafarikajibwami

This ranking of young entrepreneurial millionaires under the age of 45 makes a positive statement about Africa to the world.

This ranking is admitted after several financial verifications and according to several financial sources except the financial magazines of Africa and the world certified remaining to record this ranking.

The top 5 young millionaire entrepreneurs under 45 in Africa.

1. Kevin Okyere, Ghana

Kevin Okyere is a 44-year-old entrepreneur and founder of the Springfield Group, a $1 billion energy giant. The multi-faceted group is involved in the trading and transportation of hydrocarbons, as well as in service stations and oil exploration. The company holds an 82% stake in West Cape Three Points 2 (WCTP2), an oil exploration and production project off the coast of Ghana, formerly owned by Tullow Oil and Kosmos Energy.
Personal wealth: 130 million US dollars_.

2. Niyi Makanjuola, Nigeria

The 44-year-old multi-entrepreneur Adeniyi Makanjuola has created a range of businesses in the aviation, oil & gas, environment, energy and finance sectors, generating sales of US$900 million. After graduating from the University of London with a Master’s degree in Urban Planning and Development in 2002, he returned to his native country to found Caverton Helicopters, a rental, transport and maintenance company he created to fill the gap in Niger’s helicopter transport service sector. Today, Caverton Helicopters has the largest fleet of ultra-modern helicopters in sub-Saharan Africa, with an 80% market share in Nigeria. Raven Resources Group, also headed by Nivi Makanjuola, is one of Africa’s largest traders of petroleum products. He sits on the board of Visionscape, Nigeria’s largest environmental utility group.
Personal wealth: 126 million US dollars_.

3. Augustin Kalunga Santé, DRC

Augustin Kalunga Santé is a 30-year-old entrepreneur, businessman and founder of the Holding Cabinet G10 group in the transport sector in particular, a company with a budget investment of 2.4 billion U.S. dollars, having invested over 600 million U.S. dollars in his aviation company August Airlines, a group with sales of 810 million U.S. dollars.
Personal wealth: 82.2 million US dollars.

4. Ali-shah Jivraj, Uganda

Ali-shah Jivraj, a Ugandan entrepreneur of Asian origin, is the 38-year-old founder and CEO of Royal Electronics, which has sales of US$68 million. This Ugandan company assembles and distributes household appliances such as TV sets, radios, speakers and DVD players. Ali-shah Jivraj also heads a real estate company that owns residential apartments in two of Kampala’s most expensive residences. The third-generation entrepreneur is currently setting up a battery manufacturing plant in Burundi, East Africa.
Personal fortune: 43 million US dollars_.

5. Oluwatobi Ajayi, Nigeria

Co-founder of Jetvan
Oluwatobi Ajayi, 36, is co-founder and CEO of Jetvan Automobiles Limited, Nigeria’s largest seller of Mercedes-Benz Sprinter, with sales of US$55 million. He began his career at Mercedes-Benz Nigeria, where he became department manager (industrial vans) at the age of 24. In 2015, he brought together a group of investors and founded Jetvan, which sells more than 500 vehicles a year.
Personal fortune: US$24 million_.

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