Africa has 55 billionaires, far more than previously thought, Nigeria-basedVentures financial magazine says.They include three women - the mother of Kenya's president, a daughter ofAngola's president and a Nigerian oil tycoon and fashion designer.The richest man is Nigeria's Aliko Dangote, with a fortune of $20.2bn(£12.5bn), Ventures said.The list is likely to reignite debate about inequality between rich and poorpeople in Africa, correspondents say.In April, the World Bank said the number of people living in extreme poverty inAfrica had risen in the past three decades from 205 million to 414 million.'Conservative estimate'A report earlier this month by research group Afrobarometer suggested thateconomic growth in Africa was primarily benefiting a small elite.. This is the first time the respected Ventures magazine has published a list ofrich Africans, reports the BBC's Tomi Oladipo reports from Nigeria's main cityLagos.
By Dr.Paul Bundi Karau I arrived at Kanyakine High School on 18th February 1999 a small village boy. I had never been to a boarding school, and certainly this is the furthest from home I had ever gone. The boys who were assigned to escort me to Mungania dorm looked at my stunted height and loudly wondered how I would survive in Beast's school. "Who is Beast?" I asked in bewilderment. "You will know." Musyoki answered curtly. It didn't take me long to know who Beast was. The following day, as the 10 o'clock tea was being served, I heard a commotion, with boys leaving their tea and running helter-skelter towards the classrooms. I was a fresh mono, so I didn't know what was happening. I ran along the pavement, and came upon a mighty man, who appeared to be adjusting his trousers. He yanked his belt and thrust one whip towards me. I had encountered Beast himself. He was tall, imposing, burly and endowed with a thunderous voice that could re...
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