Skip to main content

Posts

Showing posts from February, 2024

Africans Oligarchs

  by Martin Aslan When it comes to oligarchy or oligarchs, everyone thinks of Russia and the countries that made up the former Soviet Union. This kind of power structure does not only concern this part of the world. Indeed, many wealthy people come from African continent. According to some people the next great oligarchs will be African. The following article will deal with some of few influential figures who are growing financially despite political changes, revolutions and coups. BURKINA FASO Mahamadou Bonkoungou and Recep Tayyip Erdoğan Mahamadou Bonkoungou is Chairman of EBOMAF (Bonkoungou Mahamadou and son). The EBOMAF Group is active in a wide range of sectors: insurance, banking, trade, retail, civil engineering, hotels, industry, leisure, mining, catering, health, social services and transport. Its founder is nicknamed "the friend of presidents". He has survived the succession of Burkina Faso's most recent leaders: from Blaise Compaoré to Captain Ibrahim Traoré, h...