Business

$19bn petrochemicals plant earn Aliko Dangote, award from Afreximbank

$19bn petrochemicals plant earn Aliko Dangote, award from Afreximbank

 

President of Dangote Group, Aliko Dangote was on Monday night recognized and given the “Founder of the Year 2023” award by the African Export-Import Bank (Afreximbank) at an award ceremony held by the bank in Accra, Ghana.

 

The award was given to Dangote because of his newly opened $19bn petrochemicals plant, which is now Africa’s largest refinery.

 

Group Managing Director, Dangote Industries Limited, Olakunle Alake, was in Ghana to receive the award on behalf of Aliko Dangote.

 

A statement issued by the organizers of the award stated that: “The Pan-African Business and Development Awards were designed to celebrate and recognize the excellence of outstanding organizations and individuals within the African business and finance sectors.

 

 

 

“The evening recognized some leaders in African business, and Aliko Dangote (GCON) won the Afreximbank Founder of the Year in recognition of his extraordinary achievements in building one of Africa’s leading industrial groups with a truly pan-African footprint. This comes on the back of the recent official opening of his $19bn petrochemicals plant and Africa’s largest refinery, which received substantial support from Afreximbank.

 

“Two other greats of industry, the Zimbabwean Strive Masiyiwa and the Togolese Koffi Gervais Djondo were also recognised for their outstanding contributions to African business and industry. Masiyiwa is the founder of Liquid Intelligent Technologies, which has the largest network of fibre optic cables on the continent, Cassava Technologies, and Econet, the largest telecoms and mobile payment operator in Zimbabwe. Djondo helped found Ecobank, the leading African group in terms of footprint, as well as regional airline Asky.

 

The statement further revealed that telecoms operator MTN and Egyptian business ElSewedy were also given Special Recognitions awards. MTN was recognised for transforming the Africa telecoms sector and ElSewedy for its role in the Africa infrastructure sector. ElSewedy and Afreximbank have built a strong relationship that has seen its group become a true continental champion and part of a consortium of African banks and private sector companies that are building the multi-billion dollar Julius Nyerere Hydropower Project in Tanzania.

 

Three banks were recognized in the Financial Institutions of the Year category. National Bank of Egypt, First Bank of Nigeria, and Coris Bank, an important regional player in West Africa that started off in Burkina Faso, were chosen based on the volume of trade finance facilities they have utilised.

 

Sahara Weekly

Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

Recent Posts

Accolades to Christ House Of Prayer and Deliverance Ministry as they are set to celebrate their Annual Anniversary & Thanksgiving*

*Accolades to Christ House Of Prayer and Deliverance Ministry as they are set to celebrate…

23 mins ago

Professor Fidelis Oditah is Wrong about the EFCC By Dele Oyewale

Professor Fidelis Oditah is Wrong about the EFCC By Dele Oyewale Professor Fidelis Oditah’s recent…

6 hours ago

Ijebu Man of The Year Awards: Prince Segun Kaka Set to be Honored for Outstanding Legislative Contributions*

**Ijebu Man of The Year Awards: Prince Segun Kaka Set to be Honored for Outstanding…

6 hours ago

Kingmaker of Muguland: Dr. Banwo Releases Leaked Preview of Highly Anticipated Thriller

Kingmaker of Muguland: Dr. Banwo Releases Leaked Preview of Highly Anticipated Thriller   Dr. Ope…

8 hours ago

The Power of Building Resilience” By Prudent Ludidi

"The Power of Building Resilience" By Prudent Ludidi   Ladies and gentlemen, Life is unpredictable.…

12 hours ago

Oil marketers counter Dangote

Oil marketers counter Dangote over allegation of substandard product importation   The Depots and Petroleum…

13 hours ago