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The Managing Director of the Bulk Oil Storage and Transportation Limited Company (BOST) Mr Edwin Alfred Provencal was adjudged Africa’s Most Respected CEO in the Petroleum (Storage and Distribution category) for the year 2022.

The event organized under the auspices of the Business Executive and the Economic Development Board of Mauritius was held at the Intercontinental Resort, Balaclava, Mauritius.

Among the night's big winners included the Managing Director of Air Tanzania Company Limited, Mr. Ladislaus Matindi who emerged as Africa’s Most Respected CEO 2022 for the Air Transport category.

Africa’s Most Respected CEOs platform recognizes companies and individual corporate leaders who go the extra mile in enhancing the fortunes of the continent of Africa which is on a forward march towards enhancing the lives of its 1.4 million population.

Speaking in a panel discussion, Mr Ladislaus Matindi opined that, to take Africa to the next level and to make the dream of the Africa Continental Free Trade Area AFCFTA, a reality, corporate leaders in both the public and private sectors of Africa should foremost admit the unique situation of the continent and tailor solutions to the challenges both existing and emergent, to ensure we together create a better future for the people (both present and yet unborn).

In accepting the honour, Mr Provencal proudly dedicated the award to the Board, Management, and Staff of BOST who he said are the pillars behind the massive turnaround of the company in the last couple of years.

He started by thanking the President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo for the opportunity to serve and the confidence reposed in him.

This recognition of BOST and its MD comes as the fourteenth (14) over the past ten (10) months reflecting the volume of work done at the company and the massive transformation Mr Provencal is leading at the formidable State-Owned Enterprise.

In the citation, the MD of BOST was praised for reviving the company from ten years of losses into the profit zone and also bringing as much as 97% of the assets of the company to revenue-earning status as against the past years of dilapidation and lack of activity.