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Billionaire Samad Rabiu's African Fund Will Give Out $100M Yearly

Africa's quest for sustainable growth and development has received a big boost with the setting up of a USD100 million fund by billionaire businessman and BUA Group founder, Abdul Samad Rabiu. In a press release personally signed by him, a somewhat emotional Rabiu wrote: "It is with the blessings of the Almighty, my family, colleagues, the support of my community and the backing of my conscience, that I announce the launch of the Abdul Samad Rabiu Initiative, with an Africa Fund endowment of USD 100 million every year starting from this year, 2021; USD $50 million to Nigeria and USD $50 million to the rest of our beloved continent." Read more. 

Vanguard

"It is with the blessings of the Almighty, my family, colleagues, the support of my community and the backing of my conscience, that I announce the launch of the Abdul Samad Rabiu Initiative, with an Africa Fund endowment of USD 100 million every year starting from this year, 2021" -- Philanthropist and BUA Group founder, Abdul Samad Rabiu

InFocus

BUA Group

Philanthropist and BUA Group founder, Abdul Samad Rabiu

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