Friday, December 4, 2009

South Africa 2010 Draws.



Group A: South Africa Mexico Uruguay France

Group B: Argentina South Korea Nigeria Greece

Group C: England USA Algeria Slovenia

Group D: Germany Australia Ghana Serbia

Group E: Netherlands Japan Cameroon Denmark

Group F: Italy New Zealand Paraguay Slovakia

Group G: Brazil North Korea Ivory Coast Portugal

Group H: Spain Honduras Chile Switzerland


Monday, November 23, 2009

The Viral lesson Series


The Silver Harvest is going to hold in a few weeks time. We have thus decided to include a free seminar lecture series package for interested participants.

This lecture will be a seven lecture series on "Viral Marketing".

The buzzwords Viral Marketing refer to marketing techniques that use pre-existing social networks to produce increases in brand awareness or to achieve other marketing objectives (such as product sales) through self-replicating viral processes, analogous to the spread of pathological and computer viruses. It can be word-of-mouth delivered or enhanced by the network effects of the Internet.

Viral promotions may take the form of video clips, interactive Flash games, advergames, ebooks, brandable software, images, or even text messages. The basic form of viral marketing is not infinitely sustainable.

The goal of marketers interested in creating successful viral marketing programs is to identify individuals with high Social Networking Potential (SNP) and create Viral Messages that appeal to this segment of the population and have a high probability of being taken by another competitor.

The term "viral marketing" has also been used pejoratively to refer to stealth marketing campaigns—the unscrupulous use of astroturfing on-line combined with undermarket advertising in shopping centers to create the impression of spontaneous word of mouth enthusiasm.

Members and fans of the various forums of CRIG CONSULT will be automatically registered for this seminar lecture series.

The lecture will be completed on a 2 weeks basis.

Thanks.

The Viral lesson Series

Monday, November 16, 2009

Silver Harvest.






Without any form of doubt, I know that one way or the other you must have had a close contact with it;

"Silver is a metallic chemical element with the chemical symbol Ag (Latin: argentum) and atomic number 47. A soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal. The metal occurs naturally in its pure, free form (native silver), as an alloy with gold and other metals, and in minerals such as argentite and chlorargyrite. Most silver is produced as a by-product of copper, gold, lead, and zinc refining.

Silver has long been valued as a precious metal, and it is used to make ornaments, jewelry, high-value tableware, utensils (hence the term silverware), and currency coins. Today, silver metal is also used in electrical contacts and conductors, in mirrors and in catalysis of chemical reactions. Its compounds are used in photographic film and dilute silver nitrate solutions and other silver compounds are used as disinfectants and micro biocides. While many medical antimicrobial uses of silver have been supplanted by antibiotics, further research into clinical potential continues."


That is a short line of it's description on Wikipedia. One thing that nobody will readily tell you is the fact that you can actually decide to manufacture this precious element, anywhere, even at the back of your house and make unbelievable amount of money doing so.

The market is also astonishingly ready. So the question is:
How come you are just hearing of this?
What can you do to be part of the first executive gathering of CRIG CONSULT which will dwell on this issue?

Well, it is truely very simple. Just send a mail to crigconsult@yahoo.com and you will get a reply which will include your free invite to the gathering. It is absolutely free; your only fee is the mail you have to send to register your interest.

This is an opportunity to get that information you have always dreamt of. Remember, the difference between the rich and the poor is the type of information at their disposal.

Saturday, November 14, 2009

Super Eagles Land In South Africa 2010



It is impossible, I could not refuse the temptation of writing about the qualification of the Super Eagle to the first World Cup to be held in the African continent, next summer. Against the expectations of many, who expected the team, to falter in the all important final round of matches, the players fought like gallant soldiers. If there was any doubt about the commitment of the team, it was effectively answered today.

After going down by a goal in the first half, the team rallied back to score two goals by Yakubu Aiyagbeni and Obafemi Martins, in the second half. The team was thrown into a serious bout of confusion and uncertainty when the Kenyas got the equalizer with about ten (10) minutes left in the game.

A good run ensured that Mikel Obi's cross could only be cleared unto the path of Osaze Odemwingie. who cleverly jabbed the ball into the box for Obafemi Martins to stab home the winner of the match.

Interestingly, the other match of the group, which was the ultimate decider as to who qualifies to play at the World cup, ended in favour of the Mozambique team; a result which was the perfect one for the Super Eagles, after seeing off the stubborn Kenyas.

For now, the most important thing is to savour the victory and pray that the Golden eaglets will make it a double celebration for Nigerians tomorrow against Switzerland.

I salute the team, and the coaches for displaying only what true heroes are capable of. The team will surely get a true heroes reception when they get back to the country.

My Man of the Match award goes to Obafemi Martins for scoring the two vital goals, when needed.
Other players worthy of mention are: Mikel Obi, Osaze Odemwingie and the other members of the teams. Kudos to you all.

UP NIGERIA!
UP SUPER EAGLES!
UP SHUAIB AMODU!

Monday, November 2, 2009

Get Rich!

Being rich can be accounted for on various terms. Some people may feel rich if they are surrounded by their family or close relatives. Others count richness based in the number of their friends or fullness of heart due to service rendered for the good of humanity.

Still, one of the most sought-after richness is often that which is measurable in terms of monetary or property value.

People can be rich through various ways and means. What one needs to look out for is his or her interest, and then find ways of earning through such interest so as not to feel the burden and stress of raising funds.

Below are some tips on how to get rich:

1. Invest in stocks. Though stocks are highly unstable, an individual should have the necessary knack for determining when to sell and when to purchase the right number of stocks.

Entailing the services of a broker might be a good idea, though a conservative one is still sometimes the best choice since a chancy broker, though he or she might give you a fortune on a surge in certain stocks, might be too much of a risk.

2. Buy and sell. Individuals who have large amounts of capital engage in buying and selling of real estates or houses, with the intention of reselling it after its value has increased.

Value may increase due to renovations and repairs (if it is a house) or improvements on the area (for estates).

For individuals who have full-time jobs, he or she may sell small items to earn extra cash.

Earning is not the end-all and be-all of being rich. One has to learn and take into consideration the following information to be able to retain such earnings.

1. Live simply. The common downfall of most people who experience a sudden upward surge in their income is to uplift their cost of living. This may be in the form of acquiring a larger house, a trendy and costly mobile phone, new cars or new appliances.

Though at first glance this may look like a one-time purchase or flow-out of money, others costs or probable expenses are hidden in the form of maintenance expense (gasoline for all the newly-acquired cars), repairs (larger houses entails larger amount of money needed for probable repairs) and larger bills (utility bills for the large house or housecleaning services).

2. Saving. If an individual saves at least 20% of his or her monthly earnings, and invests the same on mutual funds or other investment vehicles that offer higher interest rates as compared to savings account interest on some banks, he or she would be guaranteed a fair amount of money saved for future use.

3. Recycle. Items that currently have no more value or use to the owner might be of something good to someone else.

Hold garage sales to discard items that occupy space and clutter the home. Not only would this clear the house, but this would give an individual extra cash from which he or she may add to their savings account or use as additional capital for whatever investment he or she would like to engage in.

Still, richness can only be truly felt when an individual has the feeling of being satisfied with everything that he or she has. This is the shortest way to the path to richness.

Monday, October 26, 2009

What is creativity?


Creativity is defined as the tendency to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating with others, and entertaining ourselves and others. (page 396)
Three reasons why people are motivated to be creative:
1. need for novel, varied, and complex stimulation
2. need to communicate ideas and values
3. need to solve problems
In order to be creative, you need to be able to view things in new ways or from a different perspective. Among other things, you need to be able to generate new possibilities or new alternatives. Tests of creativity measure not only the number of alternatives that people can generate but the uniqueness of those alternatives. the ability to generate alternatives or to see things uniquely does not occur by change; it is linked to other, more fundamental qualities of thinking, such as flexibility, tolerance of ambiguity or unpredictability, and the enjoyment of things heretofore unknown.
All who study creativity agree that for something to be creative, it is not enough for it to be novel: it must have value, or be appropriate to the cognitive demands of the situation."
Ways that "creativity" is commonly used:
1. Persons who express unusual thoughts, who are interesting and stimulating - in short, people who appear to unusually bright.
2. People who experience the world in novel and original ways. These are (personally creative) individuals whose perceptions are fresh, whose judgements are insightful, who may make important discoveries that only they know about.
3. Individuals who have changes our culture in some important way. Because their achievements are by definition public, it is easier to write about them. (e.g., Leonardo, Edison, Picasso, Einstein, etc.) (pages 25-26)
The Systems Model of Creativity:
1. the creative domain, which is nested in culture - the symbolic knowledge shred by a particular society or by humanity as a whole (e.g., visual arts)
2. The field, which includes all the gatekeepers of the domain (e.g., art critics, art teachers, curators of museums, etc.)
3. the individual person, who using the symbols of the given domain (such as music, engineering, business, mathematics) has a new idea or sees a new pattern, and when this novelty is selected by the appropriate field for inclusion into the relevant domain
Creativity is any act, idea, or product that changes an existing domain, or that transforms an existing domain into a new one...What counts is whether the novelty he or she produces is accepted for inclusion in the domain."
Characteristics of the creative personality:
1. Creative individuals have a great deal of energy, but they are also often quiet and at rest.
2. Creative individuals tend to be smart, yet also naive at the same time.
3. Creative individuals have a combination of playfulness and discipline, or responsibility and irresponsibility.
4. Creative individuals alternate between imagination and fantasy ant one end, and rooted sense of reality at the other.
5. Creative people seem to harbor opposite tendencies on the continuum between extroversion and introversion.
6. Creative individuals are also remarkable humble and proud at the same time.
7. Creative individuals to a certain extent escape rigid gender role stereotyping and have a tendency toward androgyny.
8. Generally, creative people are thought to be rebellious and independent.
9. Most creative persons are very passionate about their work, yet they can be extremely objective about it as well.
10. The openness and sensitivity of creative individuals often exposes them to suffering pain yet also a great deal of enjoyment.

Friday, October 23, 2009

The Beauty Of Mathematics

HOPE You LIKE MATHS? IT'S BEAUTIFUL TO SOLVE AND GET ANSWERS LIKE
THESE,


Make sure you scroll to the bottom and you will be glad you did.


1 x 8 + 1 = 9
12 x 8 + 2 = 98
123 x 8 + 3 = 987
1234 x 8 + 4 = 9876
12345 x 8 + 5 = 98765
123456 x 8 + 6 = 987654
1234567 x 8 + 7 = 9876543
12345678 x 8 + 8 = 98765432
123456789 x 8 + 9 = 987654321

1 x 9 + 2 = 11
12 x 9 + 3 = 111
123 x 9 + 4 = 1111
1234 x 9 + 5 = 11111
12345 x 9 + 6 = 111111
123456 x 9 + 7 = 1111111
1234567 x 9 + 8 = 11111111
12345678 x 9 + 9 = 111111111
123456789 x 9 +10= 1111111111

9 x 9 + 7 = 88
98 x 9 + 6 = 888
987 x 9 + 5 = 8888
9876 x 9 + 4 = 88888
98765 x 9 + 3 = 888888
987654 x 9 + 2 = 8888888
9876543 x 9 + 1 = 88888888
98765432 x 9 + 0 = 888888888

Brilliant , isn't it?

And look at this symmetry:

1 x 1 = 1
11 x 11 = 121
111 x 111 = 12321
1111 x 1111 = 1234321
11111 x 11111 = 123454321
111111 x 111111 = 12345654321
1111111 x 1111111 = 1234567654321
11111111 x 11111111 = 123456787654321
111111111 x 111111111=123456789 87654321

Now , take a look at this,

From a strictly mathematical viewpoint:

What Equals 100%? What does it mean to give MORE than 100%?

Ever wonder about those people who say they are giving more than 100%?


We have all been in situations where someone wants you to GIVE OVER 100%.


How about ACHIEVING 101%?

What equals 100% in life?

Here's a little mathematical formula that might help answer these
questions:

If:

A B C D E F G H I J K L M N O P Q R S TU V W X Y Z

Is represented as:

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26.


If:

H-A-R-D-W-O- R- K

8+1+18+4+23+ 15+18+11 = 98%

And:

K-N-O-W-L-E- D-G-E

11+14+15+23+ 12+5+4+7+ 5 = 96%


But:

A-T-T-I-TU-D-E

1+20+20+9+20+ 21+4+5 = 100%


THEN , look how far the love of God will take you:


L-O-V-E-O-F- G-O-D

12+15+22+5+15+ 6+7+15+4 = 101%


Therefore , one can conclude with mathematical certainty that:

While Hard Work and Knowledge will get you close , and Attitude will
Get you there; it's the Love of God that will put you over the top!

Tuesday, October 6, 2009

Countries and Their Capital Cities.

How well do you know countries and their capital cities?

Below is a complete listing of the 195 official independent countries of the world and their capital cities. Please see my article about the Number of Countries in the World for more information on the number 195.

There are a significant number of countries that have multiple capital cities. Where that occurs, the additional capital cities are listed as well. (Note that the word "capitol" refers to the building and not to the city).

The countries of the world and capitals of every country follow:
Afghanistan - Kabul
Albania - Tirane
Algeria - Algiers
Andorra - Andorra la Vella
Angola - Luanda
Antigua and Barbuda - Saint John's
Argentina - Buenos Aires
Armenia - Yerevan
Australia - Canberra
Austria - Vienna
Azerbaijan - Baku
The Bahamas - Nassau
Bahrain - Manama
Bangladesh - Dhaka
Barbados - Bridgetown
Belarus - Minsk
Belgium - Brussels
Belize - Belmopan
Benin - Porto-Novo
Bhutan - Thimphu
Bolivia - La Paz (administrative); Sucre (judicial)
Bosnia and Herzegovina - Sarajevo
Botswana - Gaborone
Brazil - Brasilia
Brunei - Bandar Seri Begawan
Bulgaria - Sofia
Burkina Faso - Ouagadougou
Burundi - Bujumbura
Cambodia - Phnom Penh
Cameroon - Yaounde
Canada - Ottawa
Cape Verde - Praia
Central African Republic - Bangui
Chad - N'Djamena
Chile - Santiago
China - Beijing
Colombia - Bogota
Comoros - Moroni
Congo, Republic of the - Brazzaville
Congo, Democratic Republic of the - Kinshasa
Costa Rica - San Jose
Cote d'Ivoire - Yamoussoukro (official); Abidjan (de facto)
Croatia - Zagreb
Cuba - Havana
Cyprus - Nicosia
Czech Republic - Prague
Denmark - Copenhagen
Djibouti - Djibouti
Dominica - Roseau
Dominican Republic - Santo Domingo
East Timor (Timor-Leste) - Dili
Ecuador - Quito
Egypt - Cairo
El Salvador - San Salvador
Equatorial Guinea - Malabo
Eritrea - Asmara
Estonia - Tallinn
Ethiopia - Addis Ababa
Fiji - Suva
Finland - Helsinki
France - Paris
Gabon - Libreville
The Gambia - Banjul
Georgia - Tbilisi
Germany - Berlin
Ghana - Accra
Greece - Athens
Grenada - Saint George's
Guatemala - Guatemala City
Guinea - Conakry
Guinea-Bissau - Bissau
Guyana - Georgetown
Haiti - Port-au-Prince
Honduras - Tegucigalpa
Hungary - Budapest
Iceland - Reykjavik
India - New Delhi
Indonesia - Jakarta
Iran - Tehran
Iraq - Baghdad
Ireland - Dublin
Israel - Jerusalem*
Italy - Rome
Jamaica - Kingston
Japan - Tokyo
Jordan - Amman
Kazakhstan - Astana
Kenya - Nairobi
Kiribati - Tarawa Atoll
Korea, North - Pyongyang
Korea, South - Seoul
Kosovo - Pristina
Kuwait - Kuwait City
Kyrgyzstan - Bishkek
Laos - Vientiane
Latvia - Riga
Lebanon - Beirut
Lesotho - Maseru
Liberia - Monrovia
Libya - Tripoli
Liechtenstein - Vaduz
Lithuania - Vilnius
Luxembourg - Luxembourg
Macedonia - Skopje
Madagascar - Antananarivo
Malawi - Lilongwe
Malaysia - Kuala Lumpur
Maldives - Male
Mali - Bamako
Malta - Valletta
Marshall Islands - Majuro
Mauritania - Nouakchott
Mauritius - Port Louis
Mexico - Mexico City
Micronesia, Federated States of - Palikir
Moldova - Chisinau
Monaco - Monaco
Mongolia - Ulaanbaatar
Montenegro - Podgorica
Morocco - Rabat
Mozambique - Maputo
Myanmar (Burma) - Rangoon (Yangon); Naypyidaw or Nay Pyi Taw (administrative)
Namibia - Windhoek
Nauru - no official capital; government offices in Yaren District
Nepal - Kathmandu
Netherlands - Amsterdam; The Hague (seat of government)
New Zealand - Wellington
Nicaragua - Managua
Niger - Niamey
Nigeria - Abuja
Norway - Oslo
Oman - Muscat
Pakistan - Islamabad
Palau - Melekeok
Panama - Panama City
Papua New Guinea - Port Moresby
Paraguay - Asuncion
Peru - Lima
Philippines - Manila
Poland - Warsaw
Portugal - Lisbon
Qatar - Doha
Romania - Bucharest
Russia - Moscow
Rwanda - Kigali
Saint Kitts and Nevis - Basseterre
Saint Lucia - Castries
Saint Vincent and the Grenadines - Kingstown
Samoa - Apia
San Marino - San Marino
Sao Tome and Principe - Sao Tome
Saudi Arabia - Riyadh
Senegal - Dakar
Serbia - Belgrade
Seychelles - Victoria
Sierra Leone - Freetown
Singapore - Singapore
Slovakia - Bratislava
Slovenia - Ljubljana
Solomon Islands - Honiara
Somalia - Mogadishu
South Africa - Pretoria (administrative); Cape Town (legislative); Bloemfontein (judiciary)
Spain - Madrid
Sri Lanka - Colombo; Sri Jayewardenepura Kotte (legislative)
Sudan - Khartoum
Suriname - Paramaribo
Swaziland - Mbabane
Sweden - Stockholm
Switzerland - Bern
Syria - Damascus
Taiwan - Taipei
Tajikistan - Dushanbe
Tanzania - Dar es Salaam; Dodoma (legislative)
Thailand - Bangkok
Togo - Lome
Tonga - Nuku'alofa
Trinidad and Tobago - Port-of-Spain
Tunisia - Tunis
Turkey - Ankara
Turkmenistan - Ashgabat
Tuvalu - Vaiaku village, Funafuti province
Uganda - Kampala
Ukraine - Kyiv
United Arab Emirates - Abu Dhabi
United Kingdom - London
United States of America - Washington D.C.
Uruguay - Montevideo
Uzbekistan - Tashkent
Vanuatu - Port-Vila
Vatican City (Holy See) - Vatican City
Venezuela - Caracas
Vietnam - Hanoi
Yemen - Sanaa
Zambia - Lusaka
Zimbabwe - Harare

Monday, September 21, 2009

Tsunami Bankina

“There are more banks than bankers”

“All too often, if you could put a chief executive under sodium pentothal and dig into the rationale behind his acquisitions, you’d find he was inspired by his yearning to move up a few places in the Fortune list (Top bank lists, in this case) of the 500 largest companies (in the world), not by concern for the value per share of his company. Many companies, including banks, are run into the ground because the president is concerned with size rather than quality: he becomes hypnotized by his company’s rank in terms of gross size”

The above quote by one of the most respected and admired investors cum richest men in America, Warren Buffet, effectively describes the mindset and mentality of the average Chief executive around the world; Misplaced ego and misguided drive to attain desired heights, at any cost.

This same ego and drive crept into the Nigerian banks like a thief in the night and caused uproar when the Governor of the Central Bank of Nigeria (CBN) announced the sack of the five Managing Directors of the five banks.

A lot of view points have been stated across a large number of media. Some say there are enough prove that there was a Northern agenda attached to the whole process, others say it was pure witch hunting, some even said it was a personal war involving former rivals in the banking industry. On the other hand there are those who opine that it was a welcome development.

Without attempting to take sides with any of the popular school of thought regarding this issue, this write up attempts to highlight a number of significant perspective which is expected to allow readers to make an informed decision as regard this contentious issue.

First, without any form of doubt, it is an anomaly for a head teacher of a class of 24 students to assess and grade only 10 of the students, release the results which reveals that only five students passed while the other five students failed. Perhaps, in this case the Governor of the central bank, Sanusi Lamido Sanusi had seen trouble looming and was eager to stem the problem, that he forgot to apply basic reasoning and threw caution in the wind by announcing the sack of the bank’s chiefs. While trying to explain the rationale behind this decision, Sanusi Lamido said ‘I will say it is like a doctor; you go to a village and they tell you there is cholera in the village and you want to do the test. Obviously, you will start with the children that show the symptom in the highest degree because they are the ones at high risk’. Good assessment, but then a better one as a medical doctor will be to assume that the fact that some children show the symptom in the highest degree and also tested positive to the tests does not conclude that there aren’t more children with even greater tendencies and level of infection to the outbreak. Also, the way and, manner that the EFCC has decided to go about this issue is worrisome, to say the least. According to the law, an accused is assumed innocent until proven otherwise. The type approach taken by the EFCC paints the picture of an attempt to soil the names and integrity of the involved persons, while trying to ensure that they and their cronies go down with them. An attempt to force a pill of deceit into the throat of Nigerians, and side step us all into believing that ‘the thieves’ have been caught. But we all know that ‘thieves’ may have been caught but ‘the thieves’ have certainly not been caught. There are still a good number of Bank chiefs who perhaps have more skeletons in their wardrobe.

Secondly, this revelation was an opportunity for us all to have a good insight into the happenings in the banking industry. Cecilia Ibru of Oceanic bank, Erastus Akingbola of Intercontinental bank, Bartholomew Ebong of Union bank Plc, Sebastian Adigwe of Afribank Plc, and Okey Nwosu of Finbank. And in my opinion the list is endless. The present exercise is only a sneak preview into a classical motion picture, directed, produced and starring Nigerian bankers. One which can compete at the biggest stage of film awards globally. At this stage, the most important decision is not whether they are all caught but that they are duly punished according to the law (whether this will ever happen is another topic for another day). It is just not enough to charge them to court (as if this is the first time that high profiled embezzlement has been handled) and pronounce ridiculous judgments which will only men that they virtually go scot free. It is about time we had set an example and prove to the world (and Mrs. Hilary Clinton) that this administration is indeed ready to take a hard stand against corruption in high places.

There appears to be several factors which will determine the outcome of this charade, the most important one in my opinion is a smoke screen which will act as an effective cover of the current situation. In clearer terms, a big news which can serve as an editors delight and appear on headlines across newspapers nationwide. The death of Chief Gani Fawehinmi, the Senior Advocate of the Masses, will serve as the perfect smoke screen. As it stands, Nigerians are still mourning his death and only time will tell if we will ever remember that there are pending questions for the bank executives, their cronies and others whose scandalous banking practices are yet to be exposed, to provide answers to. Even if , and when the media attempts to make concerted efforts to ensure that the story does not go underground, those who understand the relationship between news and psychology will know no matter the effort on the part of the media, the general consensus, especially in a country as ours will be.

For those who mourn him after his death, I plead that we allow the Sage of Modern Nigerian Struggle rest. He will turn in his grave, nod with pity upon the country that his creator deliberately allowed him to be born of, and wish that we (Leaders and Followers alike) could all decide to effect the change that he always hoped he could lead Nigeria unto. I wished he we all had an opportunity to hear what he had to say about this issue, perhaps he would have sued the chiefs of the banks for manipulating their account statement and deceiving Nigerians into believing that all is well; sued the CBN for failing to detect the incongruity earlier to avoid this embarrassing situation; and finally the federal government for failing to protect the people of the territorial boundary known as Nigeria: its primary function as dictated by the constitution of the nation. Indeed it would have been an attention-grabbing comment.

In the end the appropriate caption of this sham will be the famous saying by Morris Shapiro: “There are more banks than bankers”.

Wednesday, September 9, 2009

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Wednesday, August 19, 2009

AFRICA'S RICHEST MEN

2008 has been a tough year all round, the Credit Crunch unleashed havoc across the globe, commodity prices crashed, export markets shrunk, stock markets have headed downwards and foreign investors have fled riskier markets as they rushed for safety.

The culmination of these factors has seen some big changes in the league table of African wealth with many fortunes decimated and a new man at the top.

The American business magazine Forbes has published its annual list of the richest people on planet Earth and we at CRIG CONSULT have had a look through to see how Africa fared.....

9. Johann Rupert & Family (South Africa)

World Rank No.601

Wealth $1.2 billion

It has been another bad year for the Rupert family. Once ranked No.3 on the list of richest in Africa, the family is in danger of slipping out of the list all together. The bulk of their wealth is tied into the Richemont Group, a major player in luxury goods and this is a sector that has been particularly hard h it by the global down turn. The summation of this is a fall in wealth of over $2.4 billion and a drop to No.9 in the African rich list.

9. Femi Otedola (Nigeria)
World Rank No.601

Wealth $1.2 billon

Last year saw the debut of Aliko Dangote as the first entrant from Africa’s most populous country, Nigeria in the Forbes Billionaire list. This year sees another entry, oil magnate Femi Odetola. Odetola is one of a cortège of moguls who prospered under the Nigeria last administration, others include Aliko Dangote, Jim Ovia (Zenith Bank), Michael Adenuga (Glo Telecoms) and Tony Elumelu (UBA Bank). It would be no surprise if one of the latter three makes the list next year.

8. Patrice Motsepe (South Africa)
World Rank No.559

Wealth $1.3 billion

Patrice Motsepe was a new entrant this time last year his mining empire benefitting from record commodity prices to make him the first black South African to make the African rich list. A year on the fall in commodity prices particularly platinum has hit him hard with his personal wealth falling $1.1 billion. Despite the fall he was still able to claw his way up one spot to No.8 on the list.

7. Onsi Sawiris (Egypt)
World Rank No.430

Wealth $1.7 billon

In 2008 the Sawiris family were easily the richest family in Africa with father Onil and sons Naguib, Nassef and Samih boasting a combined wealth of $35.7 billion. The global crisis has seen this wealth decimated. The patriarch of the Sawiris family, Onil saw his personal wealth plunge from $9.1 billion to $1.7 billion on the back of collapse in the value of the Sawiris’s construction group, telecommunication group and leisure interests.

6. Mo Ibrahim (Sudan)
World Rank No. 334

Wealth $2 billion

We omitted Mo Ibrahim from our list last year, with $2 billion to his name we are not going to make the same mistake twice. Mo Ibrahim made his fortune building up the CelTel mobile phone empire and selling it on to Kuwaiti investors. In recent years he is most famous for his $5 million African leadership prize.

5. Aliko Dangote (Nigeria)
World Rank No.261

Wealth $2.5 billion

The Nigerian Stock Exchange was a few years ago one of the world fastest growing exchanges but it has plummeted over the last few months and with it has gone a substantial proportion of Dangote’s wealth. Despite losing over $800 million he still moves up two places as others have suffered even more painful losses.

4. Naguib Sawiris (Egypt)
Rank No.205

Wealth $3.0 billion

Last year there were three Sawiris brothers in the list Naguib, Nassef and Samih. Move forward one year, mix in a global financial crisis and only two brother are left in the billionaires club with Samih ejected. Naguib who last year was richest man in Africa has lost an eye-watering $9.7 billion over the year as the value of his telecommunications empire, Orascom Telecom Holdings crashed by close to 90% and he now finds himself nestled in fourth place on the list.

3. Nassef Sawiris (Egypt)
World Rank 196

Wealth $3.1 billion

Nassef may have only dropped one position in the list but losing that one place was accompanied by a loss of $7.9 billion. His wealth has been hit by twin blows of falling valuation of his construction interest, Orascom Constructions which has dropped over 80% from its peak, and falling oil prices which have affected many of the firm’s Middle Eastern clients.

2. Nicky Oppenheimer & Family (South Africa)
World Rank No 98

Wealth $5 billion

They say diamonds are forever and the Oppenheimer family proved this as they remain as a mainstay of Africa’s rich list and they have weathered the financial crisis relatively unscathed. They were aided by having sold a significant part of their Anglo American empire at the peak of the market.

1. Mohammed Al Amoudi (Ethiopia)

World Rank No. 43

Wealth $9 billion

We come to the top of the list and the honour of the ‘Richest Man in Africa’ goes to Ethiopian born Mohammed Al Amoudi. Saudi based Al Amoudi has successfully preserved his $9 billion fortune through these troubled times and that act of financial stewardship alone has seen him rise from No.4 to the top of the rich list and No.43 in the world. His interests are spread across Sweden, the Middle East and his home country of Ethiopia.

DISTRIBUTION OF WEALTH ACROSS THE AFRICAN CONTINENT

1. With 62.67% of the total wealth in the top ten rich list of Africa, the North Africans obviously harbour the largest chunk of wealth in Africa.

2. With a combined wealth of $ 30billion, the ten richest men in Africa will rank as on the world rich list.

3. At 46, Femi Otedola is the youngest member of the African Billionaire club. He is worth $ 1.7 billion.

4. At 76, Onsi Sawiris is the oldest member of the African Billionaire club. He is worth $ 1.2 billion.