In 2024, African business leaders made significant contributions to the continent's economy, driving job creation and leaving lasting legacies. The 100 Most Influential Africans of 2024, as curated by New African Magazine, highlights remarkable leaders shaping the continent's future. Among them, 23 outstanding business leaders were recognized for their exceptional contributions to business in Africa, honoring not only their financial achievements but also their transformative impact on industries and communities across Africa.

These private investments not only boosted Africa's economy but also drove innovation, sustainability, and inclusivity. From fintech, AI development to industrial manufacturing and telecommunications, these key players have demonstrated resilience, innovation, and a commitment to addressing Africa’s pressing challenges while unlocking its vast opportunities.

Some of the key businesses deals that shaped Africa in 2024 include the expansion of Nigerian-based Flutterwave into e-commerce, among other notable developments. The fintech giant secured $250 million in private funding, boosting its valuation to over $3 billion. Access Bank, a prominent Nigerian financial institution, made strategic moves to expand its footprint in sub-Saharan Africa, including the acquisition of Uganda's Finance Trust Bank and Bidvest Bank in South Africa.

The completion of the Dangote Refinery in Nigeria, the largest single-train refinery in the world, has transformed Africa’s oil and gas sector. NVIDIA's project to create an ecosystem of 50,000 NVIDIA-certified developers across Africa is also a major initiative aimed to boost tech talent and drive innovation in areas like AI and cloud computing in Africa.

The 23 individuals honored for their exceptional contributions to business in Africa, listed in no particular order, include notable figures such as Akinwumi Adesina, President of the African Development Bank; Adebayo Ogunlesi, Managing Partner of Global Infrastructure Partners; and Aliko Dangote, President of Dangote Group, among others. Nigeria topped the list with 10 influential business leaders, solidifying its position as a hub for business excellence. Cameroon trailed with three leaders, while Kenya and Morocco each had two.

Additionally, several countries had one representative each on the list, including Mauritania, Guinea, Egypt, Senegal, Zimbabwe, and Madagascar. The overall list features individuals from 31 African countries, including 19 from Anglophone Africa and 12 from Francophone Africa. As Africa’s most populous nation, Nigeria accounted for over a fifth of the recognized personalities, contributing 21 individuals. South Africa followed in a distant second place with 15 representatives.

This recognition is not only a testament to the individual achievements of these business leaders but also a reflection of the continent's growing economic potential. As Africa continues to navigate its unique challenges and opportunities, the contributions of these leaders will be instrumental in shaping the continent's future.

In conclusion, the 23 most influential African business leaders of 2024 have demonstrated their commitment to driving innovation, sustainability, and economic growth across the continent. Their contributions will have a lasting impact on Africa's future, and their recognition serves as a beacon of inspiration for the next generation of African business leaders.