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

The Sacred C&S Is A Single Entity.

The Sacred C&S Is A Single Entity.   The leadership of the Sacred Cherubim and…

27 minutes ago

Bullion Records, Sports, and Industries gains international recognition with UK certification

Bullion Records, Sports, and Industries gains international recognition with UK certification   Bullion Go-Neat Global…

33 minutes ago

INVESTMENT IN LIVESTOCK DEVELOPMENT TO TRANSFORM TRAGEDY INTO ECONOMIC OPPORTUNITY, SAYS PRESIDENT TINUBU

  INVESTMENT IN LIVESTOCK DEVELOPMENT TO TRANSFORM TRAGEDY INTO ECONOMIC OPPORTUNITY, SAYS PRESIDENT TINUBU  …

39 minutes ago

Eminent Lawyer: Prophet Israel Oladele Ogundipe ‘Genesis’ Applauds Barr. Oluwapelumi Jacob Olajengbesi’s Outstanding Legal Prowess

Eminent Lawyer: Prophet Israel Oladele Ogundipe 'Genesis' Applauds Barr. Oluwapelumi Jacob Olajengbesi's Outstanding Legal Prowess…

2 hours ago

You are a precious gem to me; Prophet Genesis marks Kemi King’s birthday with inspiring tributes and admiration

You are a precious gem to me; Prophet Genesis marks Kemi King’s birthday with inspiring…

2 hours ago

Celebrating Sir Edwin Ogidi-Gbegbaje At 60 By Jimmy Enyeh

Celebrating Sir Edwin Ogidi-Gbegbaje At 60 By Jimmy Enyeh   Majority of Deltans are unanimous…

7 hours ago