Dangote Group has emerged winner of the African Company of the Year Award at the 2016 Africa CEO Forum. This is coming barely a week after the group launched a tomato paste factory in Kano state, Nigeria. The Africa CEO Forum is the foremost international meeting for African CEOs, bankers and investors and this year’s event took place in Abidjan, Côte d’Ivoire from 21- 22 March 2016 with the theme: “Succeeding in challenging times.” The Dangote Group was nominated alongside other reputable brands like Safaricom, Ascendis Health, Ison Group, Seplat, Maroc Telecom, Naspers and Sanalam, yet came tops at the awards.
The Founder and President of the Africa CEO Forum, Mr. Amir Ben Yahmed, who presented the award appreciated the company for achieving the most remarkable expansion on the continent in 2015. Chairman of Dangote Group Alhaji Aliko Dangote was recently ranked the 51st richest man in the world by Forbes. With his wealth valued at $15.4 billion, he still retains his position as the richest man in Africa.
At the event also, Oba Otudeko, the CEO of Honeywell Flour Mills Limited, won the CEO of the Year Award, for his achievements in the fields of development, governance (strategy and leadership) and financial performance. The Young CEO award which was created this year to recognize the African CEO under 40 who leads an emblematic African company with high potential went to Sebastien Kadio-Morokro Chief Executive of Petro-Ivoire, and was presented to him Mr. Akinwumi Ayodeji Adesina, President of the African Development Bank.
The African Bank of the Year award was given to BGFI Bank, the forum recognized the group’s growth strategy and commitment to financing African companies, while the Private Equity Investor of the Year given to Emerging Capital Partners recognizes the African private equity firm which recorded the largest number of significant transactions in the last two years.