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Queens Of Cash: Top 5 Richest Women In Africa

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Queens Of Cash: Top 5 Richest Women In Africa | Fab.ng

Step aside, money moguls! It’s time to shine a spotlight on the richest women in Africa, who are rewriting the script on wealth and success. While you might be familiar with the big names dominating the “richest men” lists, these women prove that ambition and hustle have no gender.

From savvy entrepreneurs to industry titans, these women have built empires brick by brick, shattering glass ceilings along the way. You will be inspired as we embark on a journey through the net worth and inspiring stories of Africa’s richest women.

We’ll be celebrating their different paths to success, from self-made entrepreneurs who started with nothing to those who inherited fortunes and used them to empower others. Hold onto your hats, because these women are not just rich; they’re redefining what it means to be a force to be reckoned with.

Forbes projects that her net worth exceeded $1 billion as of March 2023. Alakija is a businesswoman and philanthropist with interests in fashion, oil, real estate, and printing.

Queens Of Cash: Top 5 Richest Women In Africa | Fab.ng

She is the Executive Vice Chairman of Famfa Oil Limited and the founder of Rose of Sharon Group.

In Kenya, everyone affectionately knows her as Mama Ngina. Her wealth is quite impressive, estimated at a whopping $1 billion as of May 2022. Not only is she the mother of Kenya’s former president, Uhuru Kenyatta, but she’s also a savvy businesswoman with significant investments across various sectors.

From banks and media outlets to even the dairy industry, her influence extends far and wide. Whether you’re dealing with your finances, catching the news, or enjoying a glass of milk, there’s a chance Mama Ngina’s business interests might touch your life in some way.

Hajia Bola Shagaya is a powerhouse businesswoman in Nigeria, worth a huge amount of money—around $950 million!

Queens Of Cash: Top 5 Richest Women In Africa | Fab.ngShe’s the boss lady of Bolmus Group International, a company with its fingers in many pies, from oil and fancy buildings to banks, and she captures memories through photography. She’s even helped run a big bank called Unity Bank Plc before. Pretty impressive, right?

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Isabel dos Santos used to be the richest woman in Africa, but now it’s unclear how much money she actually has. Legal problems and frozen assets make it hard to say for sure.

Queens Of Cash: Top 5 Richest Women In Africa | Fab.ng

Some experts think she still has billions (like $2.2 billion), while others believe it’s much less. She used to work in different businesses like oil, news, and phone companies, but now those are being investigated, and some of her money is locked up.

South Africa’s top richest woman? That’s Wendy Appelbaum, with a cool $168 million (or 2.6 billion Rand) to her name.

Queens Of Cash: Top 5 Richest Women In Africa | Fab.ng

Owning the fancy Demorgenzon Wine Estate and holding big positions in other companies, she’s a real go-getter.

But even with all these impressive achievements, it’s important to remember that women in Africa still have a long road ahead to reach equal footing with men in terms of wealth and power.

Check out more updates here.

BUSINESS

See The 4 Largest Textile Companies In The World Today

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See The 4 Largest Textile Companies In The World Today | Fab.ng

Which countries are the leading producers of textiles on a global scale? The global textile industry is a highly competitive marketplace, with several major players vying for market share. However, despite this intense competition, numerous prominent textile companies worldwide have established themselves as key forces within the industry.

These companies stand out not only as leaders in their field but also for their remarkable skill in crafting and delivering high-quality textiles and apparel to diverse customer groups.

Here are six of the largest textile companies across the globe:

1. Arvind

Arvind, a prominent textile company established in 1931, stands tall as one of the leading players in the world. Founded in Ahmedabad, India, it has become the flagship company of the Lalbhai Group. With its headquarters in Naroda, Gujarat, Arvind has expanded its reach far beyond its initial location.

Renowned for its exquisite fabrics and trendy styles, Arvind caters to a diverse range of needs, offering denim, jeans, shirting, and various other fashion essentials. Its influence extends beyond textiles, venturing into agriculture and engineering through its diverse subsidiaries.

Beyond its own brands like Flying Machine and Newport, Arvind has also secured licenses for various international brands like Arrow, Lee, Wrangler, and Cherokee. Arvind is a key player in the global fashion scene.

2. Dorothy Perkins

Dorothy Perkins is a globally recognized fashion company, renowned for its exquisite collection of branded clothing and fashion products. Their impressive range includes sleepwear products, lingerie, tights, and other attractive outfits.

The company has a reputation for consistently producing top-quality products, which has endeared them to many women across different classes and categories.

To enhance customer engagement, the UK-based fashion giant leverages social media platforms to keep in touch with its customers. They also have a user-friendly online shopping platform that caters to customers across the UK and beyond, with a reliable home delivery service. Dorothy Perkins is a household name in the fashion industry, and their exceptional services have earned them a place among the top fashion companies in the world.

3. Bonjay Dyeing

Established in 1879, Bonjay Dyeing is not only a prominent player in the Indian textile industry but also one of the world’s largest textile companies. Founded by the Bombay Presidency and currently under the ownership of the Whadia Group, this Indian flagship company has carved a unique niche for itself.

Bonjay Dyeing focuses on bringing beauty and style into homes through a vibrant array of colors and designs. Their extensive product line caters to the customization needs of various living spaces, including the living room, washroom, dining hall, and virtually every corner of the house. From blankets and curtains to comforters, bed sheets, linens, and more, Bonjay Dyeing offers a comprehensive selection to meet diverse customer preferences.

textile industry: India's textile industry faces tough times as consumers cut spending - The Economic Times

4. Canterbury of New Zealand

The sports clothing company, Canterbury of New Zealand, has enjoyed considerable popularity among sports fans since its inception in 1904. Embracing the powerful motto “Committed to the Same,” the company has established itself as a global leader in the fashion industry, offering a wide variety of products to customers with diverse needs.

Initially, the company focused its efforts on rugby apparel, utilizing sponsorships to reach a wider audience. However, Canterbury has since expanded its reach, sponsoring and supplying clothing for various sports beyond rugby. This includes partnerships with cricket teams across the globe, from Georgia to England.

5. Ashworth

Originally established in California, Ashworth, a prominent American clothing brand, initially focused on providing golf equipment and apparel for golfers. Later, they strategically expanded their product line to encompass both traditional and modern clothing options. The brand encompasses a wide range of items like t-shirts, sweaters, jackets, and more. This shift from solely offering golf-related products to a broader clothing selection has been instrumental in their growth and success.

Ashworth’s rise to prominence in the textile industry is not merely a stroke of luck. Through the guidance of various goal-oriented leaders and the implementation of effective strategies, the company has consistently adapted to and navigated the ever-changing market, solidifying its position as a leading brand.

6. Admiral Sportswear

Any discussion of the world’s leading textile companies wouldn’t be complete without acknowledging Admiral Sportswear, a prominent English brand with a rich history. Founded in 1914, Admiral initially focused on undergarments before transitioning to sportswear in 1944. Establishing itself within the football arena, the company proudly sponsored various teams. Over time, Admiral’s expertise expanded beyond football, encompassing diverse sports like cricket and beyond.

Through its dedication to producing high-quality and varied sportswear over the years, Admiral Sportswear has solidified its position as one of the world’s finest and most established textile companies. They’ve earned their well-deserved place among the industry’s leaders.

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HEALTHY LIVING

How Social Media Apps Can Keep You Addicted

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How Social Media Apps Keep You Addicted | Fab.ng

Many of us have experienced the struggle of trying to disconnect from our phones, especially from social media apps, only to find ourselves pulled back in constantly. We might mindlessly switch between different apps, scroll through social media feeds, and engage in online discussions.

This cycle can consume our time, leaving us feeling like we’ve spent an entire day glued to the screen, from waking up to falling asleep.

But why does this happen? What makes us crave the latest online trends and conversations, constantly seeking updates and engaging in them?

Social media platforms employ clever systems called algorithms to keep users engaged and coming back for more. These algorithms are like invisible analysts, studying the way you use the platform. They pay close attention to your actions, such as the things you like, comment on, share, and how long you spend looking at specific posts.

Based on this information, the algorithms create a personalised feed just for you. They organise the content you see in a way that they think will be most interesting to you, keeping you scrolling and interacting. This is all done with one main goal: to keep you using the platform as much as possible.

The longer you stay engaged, the more opportunities there are for you to see advertisements and interact with content that benefits the platform. As you continue to use the platform and interact with content, the algorithms learn even more about your preferences, constantly refining your personalised feed to keep you hooked.

How Social Media Apps Keep You Addicted | Fab.ng

Our brains and how they work are a big reason why social media is so addictive, and it’s hard to put our phones down.

Think of social media like a surprise box. You never know what you’re going to find when you open it. Maybe you’ll see funny pictures, interesting news, or a message from a friend.

This mystery is part of what makes social media so addictive. The surprise keeps you coming back for more, even if you don’t know what you’ll get.

Some apps, like Instagram, have a feature called “infinite scrolling.” This means that as you scroll down, new content automatically loads onto your screen, so you never reach the end. There’s always something new to see, and you can keep scrolling for as long as you want.

It’s like having an endless stream of information and entertainment at your fingertips. Unlike other things you might look at, like a book or a TV show, social media doesn’t have a natural stopping point. You’re in control of how much time you spend scrolling and what content you choose to see.

When you get a notification or a “like” on your social media post, your brain releases a chemical called dopamine that makes you feel good. This good feeling makes you want to keep using social media to get more of that feeling. This cycle can lead to social media addiction.

How Social Media Apps Keep You Addicted | Fab.ng

Social media companies design their apps to keep you hooked using a theory called the “Hooked Model.” This model says that there are four steps that keep users engaged:

  • Trigger: Something happens (like a notification) that makes you want to check your phone.
  • Action: You open the app and start looking at content.
  • Reward: You get something enjoyable, like seeing a funny video or getting a like on your post. This reward is unpredictable, which keeps you wanting more.
  • Investment: You share something or create content on the app, which makes you feel more invested in using it.

4. The lure of novelty

Human brains naturally crave new things to learn and see. This is why you enjoy exploring new places, trying different foods, and learning new skills. Social media and the internet are like never-ending playgrounds for human brains. They constantly provide you with a fresh flow of information, from funny videos and interesting articles to updates from friends and family.

This constant stream of new content keeps the brain stimulated and wanting to explore more, making it easy to spend a lot of time on these platforms.

5. Social connection

Humans naturally desire connection with others. Social media platforms act like online communities, providing a sense of belonging and connection. They allow you to interact and share with friends and family, no matter how far apart you are.

Additionally, social media can connect you with strangers who share similar interests, creating new friendships and expanding your social circles.

6. Fear of missing out (FOMO)

When you spend time offline, you might worry about missing out on something important, like news, updates, or conversations with friends. This fear of missing out can make you feel anxious and cause you to constantly check your phone to stay “in the loop.”

By being mindful of your phone usage, you can make conscious choices about when and how much you engage with social media.

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FOOD

How To Cook Spaghetti Squash

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How To Cook Spaghetti Squash | Fab.ng

This recipe is for spaghetti squash with vegetables, feta cheese, and olives. It’s a great option for a side dish or even a vegetarian main course. The spaghetti squash is roasted, and its flesh comes out in long, strand-like pieces, similar to spaghetti noodles.

Feel free to use different vegetables in this recipe, but try to choose ones with different colours to make the dish visually appealing.

You’ll find a detailed ingredient list and step-by-step instructions in the recipe below, but let’s go over the basics:

Spaghetti Squash Ingredients

Here’s a breakdown of the ingredients you’ll need for this spaghetti squash recipe:

  • Main Star: One spaghetti squash is the key ingredient, so make sure to choose a good one!
  • Healthy Fat: Olive oil—we’ll use this to cook the vegetables and add some healthy fats to the dish.
  • Veggie Medley:
    • Onion, chopped to add flavour and texture.
    • Tomatoes, chopped to bring sweetness and acidity.
    • Black olives, sliced for a salty and briny taste.
  • Flavour Boosters:
    • Fresh basil, chopped to add a fresh and fragrant touch.
    • Garlic is minced to add a savoury and aromatic flavour.
  • Creamy Topping: Feta cheese, crumbled on top for a creamy and salty finish.

How to Make Spaghetti Squash

Here are the simple steps involved in making this spaghetti squash recipe:

  1. Roast the Squash: First, we’ll cut the spaghetti squash in half and scoop out the seeds. Then, we’ll brush it with oil and roast it in the oven until it’s tender and cooked through.
  2. Sauté the Veggies: While the squash is roasting, we’ll cook the chopped onion in a pan with some olive oil. Once the onion is softened, we’ll add the minced garlic and chopped tomatoes and cook them together for a few minutes.
  3. Combine and Enjoy: Once the squash is cooked and the vegetables are ready, we’ll scoop out the spaghetti-like strands and add them to the pan with the tomato mixture. We’ll toss everything together to combine the flavours, and then it’s ready to enjoy!

How Long to Cook Spaghetti Squash

Preheat your oven to 350 degrees Fahrenheit (175 degrees Celsius) to cook the spaghetti squash. Once the oven is hot, bake the squash halves for about 30 minutes, or until they are tender when pierced with a fork.

Directions

    1. Heat the oven to 350 degrees F (175 degrees C). Put a small amount of grease on a baking sheet.
    2. Put the spaghetti squash with the cut sides facing down on the greased baking sheet. Bake in the heated oven until a knife can be inserted with a little resistance, which takes around 30 minutes. Take the squash out of the oven and let it cool until it’s easy to handle.
      Overhead of a spaghetti squash cut in half and placed cut side down on a baking sheet.
    3. At the same time, warm up some oil in a pan on medium heat. Stir and cook the onion in the oil until it becomes soft. Then, add the garlic and continue to cook and stir until it smells nice, for about 2 to 3 minutes. After that, put in the tomatoes and cook them until they are heated through.

      Overehead of tomatoes, onions, and garlic cooking in a skillet.
    4. Take a big spoon and remove the stringy pulp from the squash. Put the stringy pulp in a medium-sized bowl.

      Overhead of two spaghetti squash halves being scooped out with a spoon on a baking sheet.
    5. Mix the cooked onion-tomato mixture, feta cheese, olives, and basil by tossing them gently until they are well combined.

      Overhead of spaghetti squash pulp being tossed with a tomato mixture, feta cheese, olives, and basil in a bowl.
    6. Serve the dish while it is still warm and enjoy its delicious flavours.

      high angle looking at a bowl with spaghetti squash, tomatoes and black olives

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