Tuesday 23 October 2012

Forbes nominates Dangote, Elumelu, others for award


Forbes nominates Dangote, Elumelu, others for award
The President of Dangote Group, Alhaji Aliko Dangote and the Chairman of Heirs Holdings, Mr. Tony Elumelu, have been nominated for the Forbes Africa Person of the Year Award.
They are the two Nigerians who made the five-man list.
Others on the list are Malawian President Joyce Banda, Managing Director of Kenya’s Equity Bank Limited, Dr. James Mwangi and co-founder of Aspen Pharmacare, Mr. Stephen Saad.
A statement by the organisers said: “Aliko Dangote: founder and president of Dangote Group. Motivation: Last year’s runner-up to Forbes Africa Person of The Year, is still Africa’s richest man, worth more than $11.2 billion. Dangote continues to be one of the continent’s biggest employers. He promises to donate most of his fortune to charitable causes upon his retirement.
“Dr James Mwangi won the Ernest and Young Entrepreneur of the Year award 2012 as well as Africa’s Innovation Leader of the Year Awards in 2012. Equity Bank is planning to extend its financial services to Ethiopia when the country opens its banking industry for foreign investors.
“Banda, Malawi’s first female leader, has restored strained diplomatic ties with neighbours and the international community. Her administration has embraced investor-friendly economic policies: she cut her salary by 30%; sold the presidential jet and a fleet of luxury cars in an austerity drive.
“Elumelu: founder and chairman of Heirs Holdings. Motivation: The multimillionaire grooms African business leaders and entrepreneurs through the Tony Elumelu Foundation. He is the leading advocate of Africapitalism, an economic philosophy that embodies the private sector’s commitment to Africa’s economic transformation through long-term investments.
“Saad is the biggest shareholder of the largest publicly-traded drug manufacturer, Aspen. The company has a market capitalisation of $6 billion. Saad became a multimillionaire at 29. Now aged 47, he employs more than 6,000 people.”
The winner of this award would have had an influence on the events of the year gone by on the African continent.
TheNation

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