Posted in News
Dangote Group has won the African Company of the Year Award at the 2016 Africa CEO Forum which took place on 21st and 22nd March 2016 in Abidjan, Côte d’Ivoire.
The Africa CEO Forum, which is the foremost international meeting for African CEOs, bankers and investors, was themed; “Succeeding in challenging times. This year’s event was the fourth in the series and held on African soil for the first time.
The award was presented by the Founder and President of the Africa CEO Forum, Mr. Amir Ben Yahmed, who acknowledged the company’s remarkable expansion on the continent in 2015.
The Dangote Group was nominated alongside Safaricom, Ascendis Health, Ison Group, Seplat, Maroc Telecom, Naspers and Sanalam.
Speaking at the event, Dangote conveyed that intent he intends to expand Nigeria’s sugar industry, so that the country can become self-sufficient. “These are hard times, but hard times bring opportunities,” he said.
He also shed light on how African trade affects economic growth. In his opinion, Africa must learn the ability to connect manufacturing industries with local feedstock, from cotton growing to textile factories. “The more you trade with yourself, the less exposed you are to global shocks,” he said. This is completely in line with the position experts have maintained in the past about African trade, insisting that production of goods and services as well as local trade must occur within first, so as to develop the economy.
Likewise, Nigeria’s Oba Otudeko, the CEO of Honeywell Flour Mills Limited, won the CEO of the Year Award, for his contributions to the fields of development, governance (strategy and leadership) and financial performance. In his acceptance speech, he implied that Africa’s future is reliant on the patriotic African.