Africa business awards

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Africa business awards


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 "Learning to Love African business" - Monique Maddy speaks at Google

Upon graduating from Harvard Business School, Maddy, born in Liberia and educated in Britain and the U.S., relocates to Tanzania to execute a start-up business providing telephone service. 

This video is part of the Authors@Google series

With the excitement attendant to starting a new company and the soul-searching of a young woman on a mission, Maddy brings personal experience and a different perspective on the troubled history of conquest and colonization of Africa, including the resettlement of American slaves in Liberia. 

Having worked for the UN, Maddy also brings a perspective on capitalism versus the benevolent efforts of world organizations. 

Africa business awardsShe contrasts their ineffectiveness with the entrepreneurial heritage of the Mandingo, who have an extensive network of trade and finance throughout Africa, as well as her father's business enterprises and the foreign investment of Firestone and other companies in small, isolated towns that stand in stark contrast to the chaos of the surrounding country. 

Maddy is ultimately disappointed when her enterprise fails owing to local corruption, ineptitude, and bureaucracy, and she struggles to maintain her vision for self-reliance and entrepreneurialism in Africa.

 

Nigeria: Ibru, Elumelu Win African Business Awards

by Uche Obike, Lagos found at  Daily Champion (Lagos) November 13, 2006 Posted to the web November 13, 2006

A MANAGING Director/Chief Executive, Oceanic Bank International Plc, Dr (Mrs) Cecilia Ibru, and the Managing Director/Chief Excutive, United Bank for Africa Plc (UBA) Chief Tony Elumelu weekend in Nairobi, Kenya emerged as the "African Businesswoman of the Year" at 2006, and the "African Business Leader of the Year" respectively.

The occasion which was the Africa investor award held in Kenya saw Ibru defeating five other internationally-acclaimed African women to clinch the award, while Elumelu also beat five other businessmen from various African countries to emerge as the African Business Leader for 2006.

Among those Ibru beat were Mamphele Ramphele, Executive Chairperson, Circle Capital Ventures; Futhi Mtoba, Chairman, Deloitte, South Africa; Nasdim Devji, Managing Director, Diamond Trust Bank, Kenya and Leticia Osafo-Addo, Managing Director, Spices Ltd, Ghana.

Among the nominees for the award which Elumelu won were: Vimal Shah, CEO, Bidco Oil ; Gerald Mahinda, Managing Director, East African Breweries Ltd; Phuthuma Nhleko, CEO, MTN; Papi Molotsane, CEO, Telkom and Jim Ovia, CEO, of Zenith Bank.

The Africa investor awards (Ai Awards) were established in 2004 and the inaugural awards presentations were made at the African Business Congress in Dakar, Senegal.

The Ai Awards are the only pan-Africa investment awards which reward companies and institutions for leading the way in investment and social responsibility on the continent.

The 2006 winners of the Africa investor Awards were announced at a Gala Awards dinner at the Safari Park Hotel in Nairobi, Kenya with African companies, individuals and institutions winning nine of the 15 categories.

The awards, are now in their third year, following previous ceremonies in Dakar, Senegal and Johannesburg, South Africa.

The ceremony in Nairobi was attended by over 250 senior executives from across Africa and the rest of the world.

Dignitaries present included Prof. Charles Soludo, Governor of the Central Bank of Nigeria (CBN), Mr Brian Molefe, CEO of the South African Public Investment Corporation as well as top-level delegations from NEPAD, the World Bank, UNDP, The Coca-Cola Company, Old Mutual, East African Development Bank, Celtel, Barclays, Standard Bank and Safaricom.

Judges for the awards include Dr Bamanga Tukur, Executive President Africa Business Roundtable and Chairman, NEPAD Business Group, Dr Ken Kwaku, Ms Arunmah Oteh, Treasurer, African Development Bank Group, Amir Dossal, Executive Director, United nations Fund for International Partnerships, Dr William Kalema- Chairman of the board of the Uganda Investment Authority and Mr Joe Wanjui, Chairman UAP Insurance.

The Africa investor Awards are being held alongside the Africa investor Projects Summit and the Africa investor Business Classic (in partnership with Safaricom).

Ibru on her part expressed delight at the honour done her and the entire womenfolk while charging African women to rise to the challenge of transforming African economy. She said African women has displayed their might as they have excelled in all field of endeavours.

In his closing statement at the award ceremony, Alhaji Dr Bamanga Tukur, Chairman of the Africa investor Advisory Board said: "I believe that we are now seeing the emergence of a truly competitive and cohesive African private sector that finally has the capability to turn its potential into concrete success. I am delighted that so many home-grown companies have fought off international competition to win awards, especially given the quality of many of the international entrees shortlisted. Africa is benefiting from and learning international best practice in Corporate Governance from international companies. My congratulations go to all the winners."

In his comments on the selection of Elumelu, Tukur, said "Tony Elumelu deserves this award, although it was a very difficult choice between such distinguished and highly respected African business leaders. Elumelu is great role model for young Africans today."

A very delighted Elumelu said, "I am very honoured to have won this award, particularly amongst a list of such highly respected African CEOs. As a child, as a student, as a young professional and now as an entrepreneur, Africa has always been the centre of my dreams, my aspirations and my prayers. It gives me immeasurable joy to win the coveted African Business Leader of the Year in a pure African nation like Kenya.

He further stated that "the future is Africa and together we will create the Age of Africa; the age when Africa will be known in other spheres of human endeavours beyond crime, squalour, war and diseases; when African companies, led by African entrepreneurs can take centre stage in the global corporate arena. I hope we'll all play a role in making this a reality in our life time. I dedicate this award to all the lions and lionesses at UBA, who work hard daily to drive the vision and aspirations of the institution and my lovely wife, Dr. Awele Elumelu for giving me peace at home to excel in the work place."

Copyright © 2006 Daily Champion.

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