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News Update (December 16, 2011 10:14 AM...)

Nigerian music label emerges runner-up at 2011 Africa Awards for Entrepreneurship


Press Release-- Leading Nigerian entertainment conglomerate Chocolate City Group, which is the parent company to Chocolate City Music, Chocolate City Media and Chocolate City Distribution is pleased to announce its emergence as the runner-up at the recently concluded Africa Awards for Entrepreneurship 2011, held in Kenya.

Chocolate City, was the only entertainment company to make it to the top ten shortlist, after a record 3,300 companies from 48 African countries with a minimum annual turnover of $1 Million dollars and a maximum of $10 Million dollars for at least 3 years consecutively submitted entries to compete for the Grand Prize of US $100,000 and six other prizes of US $50,000 each.

The top ten companies made a formal presentation to an international jury of business leaders chaired by Malik Fal, Managing Director of Endeavor and some of Africas most prominent entrepreneurs and investors, amongst whom are Kamal Budhabhatti, Grand Prize Winner of the 2010 Africa Awards; James Manyika, Director of the McKinsey Global Institute and Ayisi Makitiani, the CEO of Fanisi Capital and Chocolate City was announced as a runner-up, taking home 50,000 USD at the high-profile award dinner on the 8th of December 2011.

Chocolate City ,home to multi award winning stars like M.I, Jesse Jagz, Ice Prince, Brymo, Dj Caise among others was founded in 2005 .Chocolate City Music recently won Record label of the Year at the City People Awards 2011, while its founder/CEO Audu Maikori recently won the Entertainment Executive of the Year award at the Nigerian Entertainment Awards (NEA) ceremony which was held in New York in September 2011. Other awards include the global award for the International Young Music Entrepreneurship award (IYMEY) in 2007 by the British Council

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