Last week revealed Oba Otudeko of the Honeywell Group conglomerate as the African CEO of the Year. This was announced during the Africa CEO Forum 2016 which took place in Abidjan, Cote d’Ivoire. Otudeko is the first Nigerian to win that award at the Forum. His enterprise Honeywell Group is involved in agribusiness, construction, and energy industries. He joins the prestigious list of other Africans who have been voted African CEO of the Year including Algerian Issad Rebrab head of the Cevital group.
The African CEO Forum gathers the movers and shakers in African and international businesses under one roof. With the aim of encouraging business on the continent by rewarding companies and investors who are involved in Africa’s growth, the Forum is likely the most important events in the African business calendar. The event is attended by CEOs from across Africa, bankers as well as other African and international decision makers in the business sector. Outside the African CEO of the year, awards also go to the African company of the year, African bank of the year, and international corporation of the year among others. Awards are given to companies that strengthen regional integration, develop trade within Africa, and are socially and environmentally responsible.
Other businesses such as Dangote Group and Heineken were also rewarded at the Forum. The Dangote Group, founded by Nigeria’s richest man Aliko Dangote, was voted African company of the year. In 2015, Dangote made landmark moves by expanding his company’s operations across the African continent by opening cement making factories in Cameroon, Senegal, Zambia and Ethiopia. The Forum awarded the Dangote Group for this Africa-focused expansion. At the event Aliko Dangote encouraged African entrepreneurs to believe in and invest on the continent stating that Africans need to pave the way first before others will invest in the continent.
Meanwhile, Sébastien Kadio-Morokro of petroleum distribution firm Pétro-Ivoire, was awarded Young CEO of the Year. This newly created category awards directors below the age of 40. The African bank of the year went to BGFI Bank, a Gabonese owned bank whike Heineken was conferred for its investment in African industries.
Do you think the awarded companies and personalities are well-deserving? Let us know in a comment below or by reaching me on Twitter @rafeeeeta