Dangote Group has emerged “African Company of the Year” at the just-concluded Africa CEO Forum held in Abidjan, Cote d’Ivoire. To clinch the General Electric (GE) sponsored award, Dangote Group emerged top among eight other international companies nominated through a special process that considered several factors. Also, the Chairman of Honeywell Group, Chief Oba Otudeko, was honoured with award of the African CEO of the Year award at the event.
According to the organisers, the Africa CEO Forum’s awards are given to companies and investors whose strategies show their determination to take part in Africa’s dynamic growth. The parts listed are the promotion of Africa’s private sector; strengthening regional integration; development of intra-African trade and social and environmental responsibility.
Other nominees for the company of the year award were Seplat Petroleum, Safaricom, Sanlam, NASPERS, Maroc Telecom, Sanlam, Ascendis and iSON. The newly introduced Young CEO of the year award went Sebastien Kadio-Morokro, managing director of Petrol Ivoire, who beat Nigeria’s Jason Njoku, CEO and co-founder of Iroko Partners.
A Gabonese bank, BGFI was named the Bank of the Year beating leading banks such as Nigeria’s Guaranty Trust Bank (GTB), Zenith Bank, and Standard Bank.
The award for the International Corporation of the Year was given to Heineken, while ECP Private Equity was named the private equity investor of the year.
The judging panel applauded Dangote Cement for its continued drive to develop new tailored products, gain market share and expand its activities throughout the continent.