KAWUN ABEDE& Sons

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Abdulsamad Rabiu became Africa’s third-richest person in Forbes’ 2026 ranking, with a net worth of $11.2 billion.

He gained $6.1 billion in a year—Africa’s largest increase—mainly from BUA Cement shares rising 135%.

Rabiu is the chairman and founder of the diversified BUA Group, which operates in cement, sugar, agriculture, and real estate.

BUA Cement announced plans to expand production to 20 million tons annually, highlighting Nigeria's infrastructure growth.