Amid grim news about the global economy, Africa continues to shine. Forbes’ second annual list of Africa’s 40 Richest reflects growth across much of the continent. The moguls’ combined net worth, now $72.9 billion, is up 12% over last year. Ten newcomers join the ranks, including, for the first time, two women.

Aliko Dangote of Nigeria tops the list for the second year running, with a net worth of $12 billion, up from $10.1 billion in November 2011. Most of his net worth lies in publicly traded Dangote Cement, which operates in 14 African...

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