- Safiu Kehinde
BUA Foods has emerged as the 2024 Company of the Year at CNBC’s Africa All Africa Business Leaders Award (AABLA), making it the first Nigerian organization to win the award.
This was announced in a statement issued by the company and made available to NPO Reports on Monday.
According to the statement, the historic win at the event held in South Africa, made BUA Foods the first Nigerian organisation to win the Company of the Year award in the 12-year history of AABLA, Africa’s largest premier business award renowned for recognising outstanding achievers in Africa’s business landscape.
The award, reportedly came hours before BUA Foods was named the “Most Valuable Indigenous Food Company” at the 2024 BrandCom Award in Lagos State.
In late September 2024, Marketing Edge would also award BUA Foods as the “Customer-centric FMCG Corporate Brand of the Year” while Media Consortium named IRS Premium Wheat Flour the “Premium Brand of the Year”.
BUA Foods maintained that the awards acknowledged its significant contributions to the African food industry, commitment to sustainable growth, and positive impact on the continent.
Meanwhile, in his acceptance speech at the AABLA award in South Africa, the Managing Director of BUA Foods, Engr. Ayodele Abioye, noted that the award is not just for BUA Foods but for the entire African food industry.
“We are deeply honored to be acknowledged as the Company of the Year. This recognition is a testament to our position as a leading force in the African food industry. We are proud to contribute to economic development and positively impact the continent.
“This award is not just for BUA Foods but for the entire African food industry. It acknowledges our collective efforts to bolster food security in the region, especially in the face of ongoing challenges.
“Just last month, we solidified our position as a global player by signing agreements with Italian and Turkish firms to expand our Pasta and Wheat production to 900,000 metric tonnes per annum and 2.5 million metric tonnes per annum respectively. This strategic move positions us to become the largest milling company in Nigeria by 2025, and ultimately Africa in the near future”. Ayodele was quoted to have said in statement issued yesterday.
Ayodele subsequently expressed gratitude to the organisers of the award, valued stakeholders, and employees of the company, noting that their trust and loyalty have fueled BUA Foods growth.
He also reaffirmed BUA Foods’ commitment to empowering African communities through sustainable food production and distribution.
“As we look ahead, we remain steadfast in our mission to feed Africa and contribute to the region’s economic development. We will continue to explore new markets, forge strategic partnerships, and invest in innovative technologies to elevate the African food industry to unprecedented levels,” he added.