Leading Nigerian entertainment conglomerate, Chocolate City Group, which is the parent company to Chocolate City Music, Chocolate City Media and Chocolate City Distribution has made the shortlist of ten companies selected from around Africa for the prestigious Africa Awards for Entrepreneurship 2011.
Legatum, a private international investment group and Omidyar Network, a philanthropic investment firm announced the selection of the ten companies as finalists of the 2011 Africa Awards for Entrepreneurship last week.
All companies selected must have a minimum annual turnover of $1 Million and a maximum of $10 Million for at least three years consecutively.
A record of 3,300 companies from 48 African countries submitted entries to compete for the Grand Prize of US $100,000 and six other prizes of US $50,000 each, including the Coca-Cola Prize for an Outstanding Woman Entrepreneur, on December 8 in Nairobi.
The Africa Awards for Entrepreneurship recognises and rewards business leaders who embody the entrepreneurial spirit and qualities required to succeed in business and who are the inspirational role models for the next generation of African entrepreneurs.
“The Africa Awards celebrate business excellence within Africa, helping to build a strong network of African entrepreneurs, and our 10 finalists demonstrate the breadth and depth of entrepreneurial talent across the continent today,” said Alan McCormick, Managing Director of Legatum.
“Such diversity shows that Africa’s outstanding business leaders are not constrained by geography, gender or ambition.”
Chocolate City is the only entertainment company that made the top ten lists placing the company as one of the biggest entertainment brands in Africa.