WAFCO Is A Social African Activist Organization; A Part Of WORLD AFRICAN FEDERATION, WAFED, Responsible For Monitoring, Regulating And Protecting The Welfare And Interests Of African Countries And Africans Globally, Join Us, Spread The Word, Thank You. CHAIRMAN BENNEY IKOKWU, WAFCO, NEW YORK CITY, AMERICA



Pan-African magazine says Africa has 55 billionaires, world’s richest black Nigerian woman

By Associated Press

LAGOS, Nigeria — A pan-African magazine says Africa has many more billionaires than previously reported, 55 of them worth more than $143 billion including a Nigerian said to be the richest black woman in the world.“Move over, Oprah!” Ventures Africa says in its latest edition published this week.Editor-in-chief Uzodinma Iweala said Tuesday the magazine’s estimates are “on the conservative side.”The report predictably identifies Nigerian manufacturer Aliko Dangote as the richest African worth $20.2 billion, among 20 Nigerians listed.Africa Ventures put the average net worth of Africa’s billionaires at $2.6 billion and their average age at 65. The oldest billionaires are Kenyan industrialist Manu Chandaria and Egyptian property tycoon Mohammed Al-Fayed, both aged 84. The youngest billionaires are Mohammed Dewji of Tanzania and Nigerian oil trader Igho Sanomi, both 38 years old.Nigeria, South Africa and Egypt had the highest numbers of the richest Africans, with nine in South Africa and eight in Egypt. It said Algeria, Angola, Zimbabwe and Swaziland only have one billionaire each. It identified billionaires in only 10 of Africa’s 53 countries.

The magazine’s survey surprised by identifying oil tycoon Folorunsho Alakija as the richest black woman in the world, saying that she is worth $7.3 billion.

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World African Congress, WAFCO, World African welcomes the exciting news that Africa has 55 billionaires. Very good news but not good enough! We’re dedicated to encouraging African business people to move into more manufacturing businesses and  away from the current consumer economy to manufacturing economy so that the number of billionaires will increase dramatically to 200 or even more in a couple of decades! Africa is a sleeping economic giant just like China had been for many centuries until recently. Africa has all the natural resources to manufacture anything needed in this world, so it can’t be surprising to expect that in no distant future, with an established solid manufacturing economy and wise and prudent management of its GNPs, as well as investments, it could become one of the leading producers of billionaires and trillionaires. This may explain why all the different races of the world have always ganged up against Africa and work tirelessly to prevent her from awakening from her slumber. The rise of an economically powerful Africa is a genuine threat to them. But, they cannot prevent or stop the destiny of Africa from becoming manifest. Someday, Africa, the motherland of the whole humanity shall rise and shine just like Europe, America and now Asia had done. Africa is already racially diverse in its population, so nothing is lacking except a manufacturing economy! This is the commitment of WAFCO, World African. Chairman Benney Ikokwu




Following is UN Secretary-General Ban Ki-moon’s message for World Refugee Day, to be observed on 20 June:

On this observance of World Refugee Day, we must note a troubling trend: the decline in the number of refugees who are able to go home.

In 2005, more than a million people returned to their own countries on a voluntary basis.  Last year, only 250,000 did so — the lowest number in two decades.  The reasons for this include prolonged instability in Afghanistan, the Democratic Republic of Congo and Southern Sudan.

The theme of this year’s observance — “Home” — highlights the plight of the world’s 15 million refugees, more than three quarters of them in the developing world, who have been uprooted from their homes by conflict or persecution.  For many refugees today, rapid urbanization means that home is not a crowded camp run by an international humanitarian organization, but a makeshift shelter in a shantytown, outside a city in the developing world.

As these cities continue to experience spectacular growth, refugees are among their most vulnerable residents.  They must struggle for the most basic services: sanitation, health and education.  The impact of the global financial and economic crisis only increases the threat of marginalization and destitution.

We in the humanitarian community must adapt our policies to this changing profile of need.  This means working closely with host Governments to deliver services, and intensifying our efforts to resolve conflicts so that refugees can return home.

On World Refugee Day, let us reaffirm the importance of solidarity and burden-sharing by the international community.  Refugees have been deprived of their homes, but they must not be deprived of their futures.