Mfonobong Nsehe is the editor in chief of Billionaires.Africa.
The population of ultra-high net worth individuals in Africa is growing at a faster pace than any other region in the world, except Asia. According to the 2021 Knight Frank Wealth Report, Africa is expected to see a five-year ultra-wealth growth rate of 33% to reach close to 4,400 individuals by 2026. A lot of that wealth will be created by entrepreneurs.
Family businesses play a critical role internationally and in the context of African economies. However, due to a lack of reliable data their significance and contributions are not fully appreciated or understood. One thing is clear, however—family-owned businesses are the backbone of the African economy.
Third-generation Mohammed “Mo” Dewji transformed his father’s modest trading company into MeTL Group, a conglomerate aiming to become a $5 billion cornerstone of the African economy. The Wall Street rookie turned Giving Pledge philanthropist tells Mfonobong Nsehe what powers his ambition, why China can’t compete, and how his close family balances work and life
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