BUA Foods wins AABLA Company of the Year Award in South Africa, becoming the first Nigerian company to earn this prestigious recognition.
BUA Foods Plc, the renowned Nigerian food producer of IRS Pasta, BUA Sugar, IRS Flour, and BUA Rice, has claimed the prestigious title of Company of the Year at CNBC Africa’s 2024 All Africa Business Leaders Awards (AABLA) in South Africa. This historic win marks the first time a Nigerian company has won this award in AABLA’s 12-year history, cementing BUA Foods as a leader in Africa’s business and food sectors.
Also read: BUA Foods Grows Revenue To N1.07 Trillion, Gross Profit Rises 82% In Nine Months
Shortly after the AABLA win, BUA Foods earned additional awards, including Most Valuable Indigenous Food Company at the 2024 BrandCom Award and Customer-centric FMCG Corporate Brand of the Year at the Marketing Edge Awards. In addition, IRS Premium Wheat Flour was named Premium Brand of the Year by Media Consortium, further enhancing BUA Foods’ reputation as an industry leader.
BUA Foods’ Managing Director, Engr. Ayodele Abioye, PhD, expressed pride in these accomplishments, dedicating the AABLA award to both BUA Foods and the wider African food industry. “We are deeply honored to be acknowledged as the Company of the Year. This recognition is a testament to our role as a leading force in the African food industry,” said Abioye. He emphasised BUA Foods’ dedication to food security, sustainable growth, and positively impacting Africa’s economy, especially during challenging times.
In line with its growth strategy, BUA Foods recently signed agreements with Italian and Turkish firms to expand its production capacity. The company aims to produce 900,000 metric tonnes of pasta and 2.5 million metric tonnes of wheat annually by 2025, positioning itself as Nigeria’s leading milling company and a future industry leader across Africa.
In his speech, Abioye extended his gratitude to AABLA’s organisers, BUA Foods’ stakeholders, and the company’s employees, whose trust and loyalty have been instrumental in the company’s growth. BUA Foods looks forward to further advancing Africa’s food industry, with plans to explore new markets, establish strategic partnerships, and invest in cutting-edge technologies to achieve unparalleled growth and development.
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