Tuesday 23 October 2012

Who Will Be the Forbes Africa Person of the Year 2012? Nigeria’s Aliko Dangote & Tony Elumelu make the Final Shortlist




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 $11.2billion. 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.
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Dr James Mwangi - CEO and Managing Director of Kenya’s Equity Bank Limited
Motivation: Dr James Mwangi won the Ernst & 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.
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Joyce Banda - Malawian President
Motivation: Banda, Malawi’s first female leader has restored strained diplomatic ties with neighbors 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 austerity drive.
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Tony Elumelu - Founder and Chairman of Heirs Holding
Motivation: The multimillionaire grooms African business leaders and enterpreneurs 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.
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Stephen Saad - Co-founder of the Aspen Pharmacare
Motivation: 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.
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