PLAYER OF THE YEAR - IVORY COAST - YAYA WINS 4TH TITLE IN A ROW
Toure, 31, was nominated after playing a pivotal role in winning the Premier League and League Cup.
He also helped Ivory Coast qualify for the 2015 Africa Cup of Nations.
Toure beat off the challenge of Gabon striker Pierre-Emerick Aubameyang and Nigeria goalkeeper Vincent Enyeama.
Midfielder Toure scored 20 goals in City's title-winning campaign and also netted the equaliser in the 3:1 Capital One Cup final victory over Sunderland at Wembley last March.
He has nine goals in 26 appearances for City in all competitions so far this season, including six goals in his last nine outings.
Toure also made the Fifa shortlist for the 2014 Ballon D'Or prize in October.
However, he has also had to contend with the disappointment of being part of an Ivory Coast side that lost two out of their three World Cup games.
He was given the news of his brother Ibrahim's death only hours after the team lost their second World Cup match 2:1 to Colombia.
He also hit the headlines in May as a row over a birthday cake threatened to bring an end to his Manchester City career.
Everton striker Samuel Eto'o is the only other player to win the African Footballer of the Year award four times but his achievement was not in successive years.
Full list of winners:
African Player of the Year:
• Yaya Toure (Ivory Coast and Manchester City)
African Player of the Year: Based in Africa:
• Firmin Mubele Ndombe (DR Congo and AS Vita)
Women's Player of the Year:
• Asisat Oshoala (Nigeria and River Angels)
Youth Player of the Year:
• Asisat Oshoala (Nigeria and River Angels)
Most Promising Talent:
• Yacine Brahimi (Algeria and Porto)
Coach of the Year:
• Kheireddine Madoui (Entente Setif)
National Team of the Year:
• Algeria
Women's National Team of the Year:
• Nigeria
Club of the Year:
• Entente Setif (Algeria)
Referee of the Year:
• Papa Bakary Gassama (Gambia)
Football Leader of the Year:
• Moise Katumbi - President of TP Mazembe (DR Congo)
African Legend award:
• Oryx Club (Cameroon)
- winners of the maiden edition of CAF Champions League 1964 and
• Stade Malien (Mali)
- runner up of the maiden edition of CAF Champion's League 1964
Platinum Award:
• Dr Kwame Nkrumah (First President of Ghana) and
• His Excellency Goodluck Jonthan (President of Nigeria)
CAF team of the 2014:
Goalkeeper:
Vincent Enyeama
(Nigeria)
Defenders:
Jean Kasulula (DR Congo)
Mehdi Benatia
(Morocco)
Stephane Mbia
(Cameroon)
Kwadwo Asamoah
(Ghana)
Midfielders:
Yaya Toure
(Ivory Coast)
Yacine Brahimi
(Algeria)
Fakhreddine Ben Youssef
(Tunisia)
Ahmed Musa
(Nigeria)
Forwards:
Asamoah Gyan
(Ghana)
Pierre-Emerick Aubameyang
(Gabon)
Substitutes:
Raïs M'Bolhi
(Algeria)
Firmin Mubele Ndombe
(DR Congo)
Ferdjani Sassi
(Tunisia)
Gervinho
(Ivory Coast)
Abdelrahman Fetori
(Libya)
Akram Djahnit
(Algeria)
Roger Assalé
(Ivory Coast)