Africa: Zambian multimillionaire mogul James Ndambo ventures into private aviation business

Ndambo

Zambian multimillionaire mogul and one of the country’s most prominent businessmen, James Ndambo has made a foray into the private aviation sector.

According to billionaires.africa, Ndambo is the founder of Africa Union Holdings, a diversified investment holding company with interests in commodity trading, real estate, logistics and mining.

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According to a report by Newsaero, Africa Union Holdings recently acquired a McDonnell Douglas aircraft, which will be used to launch a private jet charter company catering to VIPs in Southern Africa.

The 67-year-old Johannesburg-based tycoon joins a league of African UHNWIs who own private jet charter businesses, including Burkinabe construction mogul Mahamadou Bonkoungou, South African billionaire Nicky Oppenheimer and Beninoise oilman Samuel Dossou-Aworet, among several others.

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