Africa’s Rising Stars: How the Under 40 CEOs Summit is Charting a New Course for the Continent

Ahoy, fellow economic adventurers! Captain Kara Stock Skipper here, ready to navigate the exciting waters of Africa’s business landscape. Today, we’re setting sail for the Africa’s Under 40 CEOs Awards & Summit, a gathering that’s making waves bigger than a Miami yacht parade. This annual event, held in the financial heart of Sandton, Johannesburg, isn’t just about handing out shiny trophies—it’s about charting the course for Africa’s economic future. Let’s dive in, y’all!

A New Generation of Captains at the Helm

The 2025 edition of this summit was no ordinary affair. With South Africa holding the G20 presidency and focusing on economic growth and trade, the timing couldn’t have been more perfect. The theme, “Building a Resilient African Gas Economy through Innovation and Collaboration,” set the tone for what’s becoming a recurring theme across the continent: resilience in the face of global economic uncertainties.

One of the standout stars of the event was Damilare Ajiboye, the founder and CEO of Ocean Trends. This tech boss wasn’t just collecting another award—he was adding to an impressive resume that includes the “CEO of the Year” title from the All Way to Tech Awards in 2020 and recognition from Connect Nigeria in 2019. Ajiboye’s journey is a testament to the power of innovation and the ability to build global tech platforms right from the heart of Africa.

But it’s not just about tech. The awards span a diverse range of industries, from finance to agriculture, showcasing the breadth of talent across the continent. Umanu Elijah, another honoree, represents the kind of leadership that’s driving economic diversification and job creation. These leaders aren’t just building businesses—they’re building communities.

The Power of Collaboration and Networking

The summit isn’t just a celebration; it’s a goldmine of entrepreneurial wisdom. Participants often describe it as a place where strategic partnerships are forged and where the exchange of ideas can change the trajectory of a business. The value of peer-to-peer learning can’t be overstated, especially in a region as dynamic and complex as Africa.

The summit also plays a crucial role in shaping the narrative around African entrepreneurship. It’s a platform that challenges stereotypes and showcases the continent’s potential for innovation and growth. The focus on resilience, as reflected in the summit’s theme, is particularly relevant given the ongoing global economic uncertainties. Building a resilient gas economy, for example, requires not just technological innovation but also strong collaborative efforts between governments, private sector actors, and international partners.

Beyond the Awards: A Movement for Change

The impact of these awards extends far beyond the individuals who receive them. Initiatives like the #40Under40NaijaCEOs, a Nigerian-specific list unveiled in 2024, demonstrate a growing national recognition of young entrepreneurial talent. This recognition is fostering a supportive ecosystem for success, encouraging more young leaders to step up and make their mark.

The awards also indirectly promote good governance and transparency. The Bureau of Public Procurement (BPP) in Nigeria, for instance, has been working to ensure transparency and fairness in public procurement over the last 17 years. This creates a more conducive environment for businesses to thrive, which in turn benefits the entire economy.

The visibility of these leaders, amplified by platforms like Instagram (@africas_under40ceosawards) with over 11,000 followers, is crucial for inspiring the next generation of African entrepreneurs. The event’s timing, coinciding with South Africa’s G20 presidency and a broader focus on African economic development, underscores the growing importance of the continent on the global stage.

Conclusion: Charting a Course for the Future

As we dock at the conclusion of our journey, it’s clear that the Africa’s Under 40 CEOs Awards & Summit is more than just an event—it’s a movement. These leaders are not just inheriting businesses; they are building them, innovating within them, and using them as platforms to address critical societal challenges.

The emphasis on collaboration, resilience, and innovation, as demonstrated by awardees like Damilare Ajiboye, signals a promising future for African business. The awards are a testament to the dynamism, creativity, and unwavering spirit of a generation poised to transform Africa. So, let’s raise our glasses (or our sails) to these rising stars, because the future of Africa’s economy is looking brighter than ever. Land ho, y’all! The best is yet to come.