The Confederation of African Football made the announcement on Thursday night.
The City player beat fellow Ivorian and former Chelsea striker Didier Drogba into second with Cameroonian Alex Song, of Barcelona, in third.
He joined Senegalese forward El-Hadji Diouf, formerly of Liverpool and Bolton, on two victories although he has some way to go to eclipse Cameroonian ex-Barcelona striker Samuel Eto'o who has won four titles.
The Ivory Coast player was crowned at an awards gala in Accra, the capital of Ghana, today after being voted for by the head coaches or technical directors of the national associations affiliated to the CAF.
African Nations Cup winners Zambia were named team of the year with their coach Herve Renard named coach of the year.