Femi Otedola

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Femi Otedola, born in Nigeria is the controlling shareholder of publicly traded Forte Oil, an oil marketing and power generation company.

Originally a Nigerian subsidiary of British Petroleum (BP), Forte Oil has more than 500 gas stations across the country. It owns oil storage depots and manufactures its own line of engine oils.

Otedola is one of Africa’s Billionaire with a net worth of $1.4 billion.

In 2013, Otedola led the company to purchase a government-owned stake in a gas-fired power plant in Kogi state in central Nigeria.

In September 2015, Swiss commodities giant Mercuria said it would acquire a 17% stake in Forte Oil for $200 million as of late February 2016 the transaction is not yet complete.

Otedola is a popular Businessman and Philanthropist in Nigeria.

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Bontle Moeng is the Founder and Managing Director of BizNis Africa. Moeng has spent 16 years working in the digital and online media industry across Africa. She applied her trade at True Love magazine prior to discovering her passion for Investment news in key sectors across Africa. Moeng previously worked for ITWeb, Starfish Mobile Technologies, ITNewsAfrica, AVATAR Agency, eNitiate, Global Interface Consulting and Havas Johannesburg. Her primary focus is to provide solid and valuable content on investment opportunities for the ICT, Energy and Mining sectors across Africa. In addition, the online news publication assists global companies to expand their presence in Africa. Email: news@biznisafrica.co.za

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