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dead but not forgotten
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RESEARCH INTELLIGENCE
International Corporate Research

DEAD BUT NOT FORGOTTEN 2010
Background: From The Grave They Still Lead

On the 26th of October 2009, Stakes Capital Limited and International Corporate Research released the report ‘Africa’s endangered kings of capitalism’. The report aimed to expose the possibility of Africa losing some of its top business founders sooner than expected. That spotlight revealed 57 entrepreneurs with companies on a capital market in Africa who had crossed the hallowed age of 60 and again impressed the need for succession planning within African corporations.

In what could be describe as a sequel to that report, researchers at the International Corporate Research (ICR) embarked on this research work, to recognize some late African business founders whose imprints are still indelible because of their corporate bequeathal to the continent. The climax is this report – Dead But Not Forgotten – which has nine (9) of these men of worth who by their corporations left remarkable imprints and worthy legacies.

Researchers did not consider much in arriving at this list; priority was that the entrepreneur had to be late to make the list. The presence of a second generation successor also made contextual sense. Lastly is the progression of any of their business brain-child.

The nine men featured are Luxury goods and tobacco merchant, Anton Rupert; South African father of logistics, Cargo Carriers’ Desmond Bolton; Trencor founder, Joe Jowell; Lotfy Mansour of the Mansour group; founder of Egyptian conglomerate Alkan group, Mohammed Nosseir; Africa renowned philanthropist, MKO Abiola; daring Moroccan, Ahmed Akhannouch of the Afriquia fame; Leadway Assurance founder, Sir. Hassan Odukhale; and finally, one of Egypt’s most powerful businessmen of his time, Talaat Moustafa of TMG holdings.

It should be noted that this report is only a spotlight and is by no means an exhaustive compilation.

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