Home Business 6 Nigeria companies amomg WEFA 16 Africa’s most dynamic, high-growth companies

6 Nigeria companies amomg WEFA 16 Africa’s most dynamic, high-growth companies

by Business News Report

Six Nigeria companies were among the 16 companies The World Economic Forum has announced as its Global Growth Companies (GGCs) in Africa. WEFA said it made the selection consisting of 16 of the Africa’s most dynamic and high-growth companies. These companies it said in a statement are considered trailblazers, shapers and innovators that are committed to improving the state of the world.

The selected companies are: Nation Media Group (Kenya); Bidco Oil Refineries Ltd (Kenya); GML (Mauritius); Nagode Group (Nigeria); UAC of Nigeria Plc (Nigeria); Computer Warehouse Group (Nigeria); Interswitch Limited (Nigeria); Notore Chemical Industries Ltd (Nigeria); Seplat Petroleum Development Company Plc (Nigeria); Growthpoint Properties (South Africa); Capitec Bank Holdings Ltd (South Africa); Webber Wentzel (South Africa); KZN Oils (South Africa); Net1 UEPS Technologies, Inc (South Africa); Tekkie Town (South Africa); and Simba Group (Uganda).

“The World Economic Forum said it is proud to recognize these 16 champions that are at the forefront of driving responsible economic growth, job creation and entrepreneurism in Africa. We look forward to the active and dynamic role they will play at our meeting in Abuja, working with the region’s leaders to foster inclusive, sustainable growth in the region,” said David Aikman, Managing Director and Head of New Champions at the World Economic Forum.

GGCs are fast-growing companies with the clear potential to become global economic leaders. The 16 nominated African GGCs represent a broad cross section of industrial sectors, but share in common a track record in exceeding industry standards in revenue growth, promotion of innovative business practices and demonstration of leadership in corporate citizenship.

It said that together with the Social Entrepreneurs, Technology Pioneers, Young Global Leaders, Global Shapers and Young Scientists, the GGCs make up the New Champions, a larger World Economic Forum community of pioneers, disruptors and innovators. Nomination as a GGC provides companies with an opportunity to join the larger GGC community of over 360 companies worldwide. These companies contribute to the Forum’s meetings, projects and knowledge products, which in turn support them on their path to achieving responsible and sustainable growth.

Individuals with a strong understanding of companies that might qualify as a Global Growth Company are invited to submit nominations or encourage companies to nominate themselves for the 2015 selection process.

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