Nigerian tycoon Rasheed Sarumi's Presco stake hits $1 billion after Belgian buyout
Billionaires Africa | 23.07.2026 17:47
Pierre Vandebeeck spent the 1970s and 1980s drawing maps of Nigeria that other people paid for. Working for SOCFINCO, the consulting arm of the Belgian plantation house Socfin, he wrote the master plans for at least seven World Bank-backed oil palm projects across five Nigerian states, each designed to create a state-owned company that would absorb existing plantations and develop new ones.
