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How Frans Indongo Dubbed The Richest Black Person In Namibia Built His Wealth

Frans Indongo

 

Fransisco Aupa Indongo, also known as Frans Indongo, was raised in a family of entrepreneurs. He saw opportunities in everything he did. He went hunting, sold food, made clothes, preserved meat, and logged.

In the 1950s, he also did bricklaying, and in 1964, he opened his own mud brick shop. He then used the profits from the shop to open a chain of supermarkets across Namibia, as well as other businesses under the Frans Indongo Group umbrella.

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Frans Indongo Group is now one of the largest conglomerates in Namibia. It owns the landmark Frans Indongo Gardens building in Windhoek’s central business district as well as one of the biggest Toyota dealerships in Namibia, Forbes reported.

According to the group’s website, “Indongo Toyota has not only become the Toyota market leader in Namibia, but also a Toyota dealership grouping that is recognised for performing on par with the very best Toyota dealerships in Southern Africa.”

Indongo’s company also has a stake in food manufacturer Bokomo Foods Namibia, sugar producer Tongaat Hulett Namibia, and hotels Frans Indongo Lodge and Protea Hotel Walvis Bay, among other things, according to Forbes.

Despite facing numerous challenges as a young Black man, Indongo went to great lengths to make money legally. This fortitude would pave the way for the development of one of Namibia’s thriving business empires.

Indongo was named one of Namibia’s wealthiest entrepreneurs by Forbes magazine in 2017. His net worth is estimated to be in the millions of dollars, and Namibian media refers to him as the country’s richest Black person.

According to Nalebrity, he became a prominent political figure in Namibia in the 1970s after joining the National Democratic Party. In 1975 and 1982, he was also a cabinet minister. He first served in the Owambo legislative assembly as a Minister for Economic Affairs, then in the Owambo Second Tier Representative Authority. In the 1980s, he left politics to focus on his business.

 

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Written by How Africa News

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