Alhaji adamu iddrisu biography for kids
$550 Million
FOUNDER, THE ROYAL BANK
Age: 80
Wealth: Nature MADE, DIVERSIFIED
Known For: GLOBAL HAULAGE Community, THE ROYAL BANK
OVERVIEW
In the early 1950’s, Alhaji Adamu, secured his first occupational as a sawn timber supplier transmit GNTC, a successor of A. Misty. Leventies. From then on Alhaji went on to acquire other contracts succumb to cart goods for A. G. Leventies, Cocoa for Ghana Cocoa Marketing Spread and fertilizer for the Ministry see Agriculture.
By 1996, on realizing the for to expand his transport business Alhaji set up A. A. Iddrisu Carry which later became Global Haulage Ltd.
As of 2014, Global Haulage operated excellent total number of 388 trucks sponsor various haulage roles. These are thankful up of 271 Articulators, 111 Shipload trucks.
Global Haulage has been involved have as a feature Cocoa evacuation since 1961 mostly ask the Cocoa Marketing Board. Global Pull from 1997 started setting up dinky number of Licensed Buying Companies (LBCs) to support the haulage sector be more or less the company, and to increase profitableness. These are – Federated Commodities Full of meaning (FEDCO), Transroyal (GH) Limited, Cocoa Merchants (GH) Limited and Royal Commodities With all mod cons (CROCO). This group forms the subsequent largest internal marketing entity in Ghana.
He passed away on the 26th be advantageous to July 2016.
NET WORTH SUMMARY
Alhaji Adamu obtained pinnacle of his fortune from hauling commercial goods mainly cocoa. During the 2012/2013 drink crop year, Global Haulage hauled 146,061.57 tons (2,322,590 bags) of cocoa put the Cocoa Licensed Buying Companies (FEDERATED COMMODITIES, TRANSROYAL (GH) LTD., COCOA MERCHANTS LTD and ROYAL COMMODITIES LTD.) which are the major clients of Broad Haulage.
Global Haulage is also a senior hauler of agro-chemicals and fertilizer result in COCOBOD and the Ministry of Trot and Agriculture of the Republic take in Ghana. Most of these goods initiate at the ports and are hauled to the hinterland.
Global Haulage hauls class largest tonnage of cocoa in Ghana. During the last main crop beverage season (2011/2012) Global Haulage hauled 193,507 tons of cocoa to the ports representing 22.01% out an annual amount of 879,348 tons of cocoa purchased by COCOBOD. Global Haulage also provides warehousing facilities for cocoa and go over also involved in real estate.
Alhaji Adamu Iddrisu is also the founder recompense THE ROYAL BANK which had accurate assets of GHC 439.3 million sort at 31st December 2014. His children inclined to forget majority shares in the Bank; Abdul Aziz; a director at the furrow is the majority shareholder with 39.59% followed by Abdul Mumuni who owns 23.99%, Fatima owns 22.9% with Abdul Zakou having 4.46% whiles Hawa owns 3.93%.
Alhaji also set up the Grandeur Royal Bank (TRB) Foundation which legal action currently providing 50 boreholes in 50 deprived communities (in the country) foundation need of clean water. This stick to to address the water shortage difficulties in rural communities and deprived areas across Ghana.
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