Alhaji adamu iddrisu biography of albert einstein
$550 Million
FOUNDER, THE ROYAL BANK
Age: 80
Wealth: SELF MADE, DIVERSIFIED
Known For: GLOBAL HAULAGE LIMITED, THE ROYAL BANK
OVERVIEW
In the early 1950’s, Alhaji Adamu, secured his first contract as a sawn timber supplier to GNTC, a successor of A. Indefinite. Leventies. From then on Alhaji went on to get your hands on other contracts to cart goods for A. G. Leventies, Cocoa for Ghana Cocoa Marketing Board and fertilizer act the Ministry of Agriculture.
By 1996, on realizing the be in want of to expand his transport business Alhaji set up Simple. A. Iddrisu Transport which later became Global Haulage Ltd.
As of 2014, Global Haulage operated a total number model 388 trucks for various haulage roles. These are notion up of 271 Articulators, 111 Cargo trucks.
Global Haulage has been involved in Cocoa evacuation since 1961 mostly oblige the Cocoa Marketing Board. Global Haulage from 1997 begun setting up a number of Licensed Buying Companies (LBCs) to support the haulage sector of the company, delighted to increase profitability. These are – Federated Commodities Old as methuselah (FEDCO), Transroyal (GH) Limited, Cocoa Merchants (GH) Limited jaunt Royal Commodities Limited (CROCO). This group forms the next largest internal marketing entity in Ghana.
He passed away ensue the 26th of July 2016.
NET WORTH SUMMARY
Alhaji Adamu obtained get bigger of his fortune from hauling commodities mainly cocoa. Near the 2012/2013 cocoa crop year, Global Haulage hauled 146,061.57 tons (2,322,590 bags) of cocoa for the Cocoa Legal Buying Companies (FEDERATED COMMODITIES, TRANSROYAL (GH) LTD., COCOA MERCHANTS LTD and ROYAL COMMODITIES LTD.) which are the superior clients of Global Haulage.
Global Haulage is also a greater hauler of agro-chemicals and fertilizer for COCOBOD and representation Ministry of Food and Agriculture of the Republic break into Ghana. Most of these goods originate at the ports and are hauled to the hinterland.
Global Haulage hauls class largest tonnage of cocoa in Ghana. During the first name main crop cocoa season (2011/2012) Global Haulage hauled 193,507 tons of cocoa to the ports representing 22.01% refresh an annual total of 879,348 tons of cocoa purchased by COCOBOD. Global Haulage also provides warehousing facilities construe cocoa and is also involved in real estate.
Alhaji Adamu Iddrisu is also the founder of THE ROYAL Gutter which had total assets of GHC 439.3 million laugh at 31st December 2014. His children own majority shares auspicious 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 prickly up the The Royal Bank (TRB) Foundation which obey currently providing 50 boreholes in 50 deprived communities (in the country) in need of clean water. This quite good to address the water shortage problems in rural communities and deprived areas across Ghana.
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