Breaking: US Chamber of Commerce Appoints Billionaire, Benedict Peters, to its African Advisory Board

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SWITZERLAND, SEPTEMBER 24 – The United States Chamber of Commerce has appointed African billionaire and renowned philanthropist, Benedict Peters, to the Board of Advisors of the U.S.-Africa Business Center (USAfBC).

The mission of the U.S.-Africa Business Center is to build lasting prosperity for Africans and Americans through job creation and entrepreneurial spirit, something that Mr. Peters has been active in on the continent for many years. 

 Benedict Peters, founder and CEO of Nigerian oil giant, AITEO, will now serve on the Board of Advisors for the prestigious institution in furtherance of his vision to catalyze the transformation of African countries to the pinnacle of world economies. 

The latest appointment will see him join CEOs of Fortune 500 companies with a strong influence in Africa such as Chevron, IBM, Caterpillar and Microsoft among others. It also augments the international recognition received by the Chairman and Founder of Aiteo in recent times. 

Mr. Peters was appointed as a result of his prominent track-record in propelling entrepreneurship and business innovation across the continent. 

In March 2019, he was appointed to the American Committee on the Present Danger with a view to help defend America through public education and advocacy against the full array of conventional and non-conventional dangers posed by the People’s Republic of China. 

Mr. Peters was also named African Icon of the Year by the Foreign Investment Network (FIN) in January 2019, in London, as recognition of his achievements in the oil & gas industry. Furthermore, in 2018, the prestigious Forbes International awarded him Africa’s Oil & Gas Leader of the Year for his outstanding contribution to the progress of the continental oil & gas sector.

Welcoming Mr. Peters to the Board of Advisors, Chairman of the U.S.-Africa Business Centre, Scott Eisner remarks: “We value and appreciate the insights from companies such as yours as they not only benefit the Center, but also play a pivotal role in strengthening the ties between the United States and countries throughout Africa.”

Benedict Peters is a billionaire, who founded the Aiteo Group, which has interests primarily in energy and is the largest indigenous oil producing firm in Nigeria by output. Beyond oil, Benedict Peters has investments in mining, agriculture, infrastructure development, electricity generation and distribution, with a fast-growing retail distribution network. His business is focused on serving the needs of communities across the continent by leveraging a unique combination of a strategic asset base, technology, innovation, and some of the best technical and business minds across the industries it operates in. The group has been expanding rapidly, to extend its operations to different countries across Africa, Europe and Asia. 

Peters is passionate about youth empowerment and has donated generously to support football on the African continent. He currently sponsors the Nigerian Football Federation, CAF Awards, Aiteo Cup (the Federation’s foremost tournament in Nigeria) and a football team in his company’s host community. He has also assisted thousands of internally displaced persons in northern Nigeria while supporting clean water sanitation initiatives in Africa, in partnership with Face Africa, improving the lives of over 25,000 people in rural Liberia. Peters addresses social and environmental issues in the agricultural sector through the Joseph Agro Foundation, set up in July 2014 to tackle chronic unemployment and water shortage.  

In recognition of his groundbreaking contribution to development, Peters was one of four recipients of the Marquee Award for Global Business Excellence at the Africa-US Leadership Awards in 2014. In the same year, he received the “Leadership CEO of the Year” award.  In 2015, Peters was conferred with the Dr. Martin Luther King Jr. Legacy Awards in the “Economic Empowerment” category. And was listed as one of the ‘50 Most Influential Nigerians in 2017’ by BusinessDay.

Benedict Peters is ranked by Ventures Africa as the 17th richest person in Africa and the 7th richest person in Nigeria.

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