Capital Finance International (CFI.co) has conferred on the Simba Group, the 2019 award for Best Diversified Socio-Economic Creation (Nigeria).
In announcing the award, the judges of CFI.co, a London-based print journal and online resource reporting on business, economics and finance, recognised Simba Group as a diversified corporation comprising five companies across industries crucial to Nigerian development.
Simba is involved in agriculture, alternative energy, backup power-supply systems, commercial vehicle sales and servicing, Information and Communication Technology (ICT) infrastructure development, and networking and data transmission.
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The judges commended the quality of the group’s products, highlighting that its commitment to service unite the diversified companies.
“With a customer-centric focus, Simba Group fills the role of service provider and problem-solver, tackling two of the most pressing challenges faced by the population: power supply and transport,” the award organisers said.
The judges also dwelled on the philosophy of Simba Group which balances social impacts with profits.
“It’s a formula that Nigerian conglomerate Simba Group has been applying over the past three decades for the progress and prosperity of its clients and the country,” CFI.co stated.
Simba’s transport division, which signposts its contribution to the Nigerian economy, tracing its roots to its bicycle business and now also produces motorcycles and motorised tricycles, was recognised.
