Founder, Chairman and CEO of Carbon Holdings, Basil El-Baz, has been selected to receive the AFRICA Entrepreneur of the Year Award 2016 following his nomination at the Business Africa Entrepreneur Awards in December 2016. The award was announced at the Africa-France Economic Forum at the 27th Africa-France Summit held in Bamako, Mali on 13th and 14th January 2017.

Basil El-Baz is the first Egyptian entrepreneur to receive such an honor. The award follows his ranking (in 2016) as 12th in Choiseul’s Africa 100, which surveys and ranks African business leaders aged 40 years and under.

The Business Africa Entrepreneur Awards, in connection with Business Africa, and in partnership with the Choiseul Institute, have the backing of MEDEF (Mouvement Des Enterprise De France). Established in 1988, MEDEF is the largest employer federation and entrepreneur network in France, with over 750,000 firms and business enterprises amongst its members. It organizes over 200 annual events and business forums and is recognized by the Government of France as the primary representative of the private sector.   Approximately 40% of MEDEF’s activities are related to Africa under the theme of “Sustainability, Growth and Job Creation”. The Choiseul Institute is a French think tank.

The Africa-France Summit was attended by the Heads of State of the African continent, as well as senior government officials and over 200 CEOs of French and African companies.