Dangote Group wins African Business of the Year Award
Category: Investors NewsBeat
June 26, 2011
Dangote Group last week in London emerged African Business of the Year, even as the President/Chief Executive of the Group, Aliko Dangote, also clinched the African Business Leader of the Year award.
The award, which was organised by the London-based African Business magazine, in collaboration with the Commonwealth Business Council (CBC) and BusinesssinAfrica Events, brought together prominent business leaders, entrepreneurs, heads of state and other high-ranking government officials from across the world to celebrate the achievements and successes of those who have played a pivotal role in driving Africa’s economic development.
Dangote Group won the African Business of the Year trophy ahead of other shortlisted companies such as Bidco Oil Refineries (Kenya), Citadel Capital (Egypt), Ecobank (Togo) and Oando Plc (Nigeria).
President of the Group was awarded the African Business Leader of the Year in recognition of his efforts as a driver of change with the courage and imagination to make difficult decisions with long-term value and sustainability in mind which can ultimately transform corporations. He beat other nominees such as Nizar Juma, Jubilee Holdings Limited (Kenya); James Mwangi, Equity Bank (Kenya); Phuthuma Nhleko, MTN Group (South Africa) and Vimal Shah, Bidco Oil refineries (Kenya).