97 Nigerian Companies Ranked Among Continents Most Inspiring Companies

Must Read

Mali Swears In Bah Ndaw As New Civilian Leader

Mali's new president Bah Ndaw has been sworn into office, five weeks after the overthrow of Ibrahim Boubacar Keïta. Former...

Troublesome South African Baboon Evicted For Organizing Gang To Raid Homes

Kataza is an urban baboon who was captured and put in a local prison for organizing a band of baboons to join him in raiding 15 homes in Kommetjie, on Cape Town's southern peninsula in South Africa.

A Leading University In China Now Teaches Ethiopia’s Amharic Language As A Full Course

A leading university in China — Beijing Foreign Studies University (BFSU) — has started to offer Ethiopia's widely spoken...



Ninety seven local private companies in Nigeria have been featured among the top private firms by London Stock Exchange Group in its latest ‘Companies to Inspire Africa’ report, which was released on Wednesday.

Nigerian Companies Ranked Among Continents Fastest Growing Firms

The report, which identifies 360 companies from 32 countries across the African continent with seven major sectors represented, featured companies including small entrepreneurial businesses through to well – established corporations.

Consumer services , industry and agriculture are the three biggest sectors , between them making up over 50 per cent of the companies featured . Technology and telecoms, and financial services together represent over 25 per cent of firms, while healthcare and education and renewable energy also feature strongly.

The report argued that these firms are capable of driving transformative economic growth in their home countries and beyond

Some of the Nigerian firms listed are Kian Smith Trade & Co Limited , which is building the country ’ s first gold refinery; FSDH Merchant Bank Limited; Ladol Integrated Logistics Free Zone Enterprise ; Jumia; Asharami Synergy Plc, BudgIT Foundation; Interswitch Limited ; Ensure Insurance Plc ; Lagos Business School , Pan – Atlantic University; North South Power Company Plc ; Leadway Assurance Company Limited ; Farmcrowdy Limited and Venia Group.

The Chief Executive Officer, LSEG , David Schwimmer, said , “ London Stock Exchange Group’ s ‘ Companies to Inspire Africa ’ report showcases inspirational and entrepreneurial businesses from across the African continent , representing a wide variety of industries and countries . It is particularly encouraging to see the increasing influence of women in leadership roles in these fast – growing companies , playing a pivotal role in shaping the future of African business”

Related:   Melanesians: Meet The World’s Only Black Population With Natural Blond Hair

Across the continent, Nigeria is the country with the most featured companies (97) followed by Kenya with 66 companies, while South Africa and Ghana follow with 23 and 20 companies, respectively.

To build the list, London Stock Exchange Group says it considered whether the firm is active and privately owned, demonstrated growth over the past three years, and has exhibited transparency in their financial accounts.

David Schwimmer, the Chief Executive Officer of London Stock Exchange Group (LSEG), said the growth rates and sector diversity of the firms highlight their potential to transform the African and wider economy and become the big global job creators of tomorrow.

The study was produced in partnership with African Development Bank Group, CDC Group, PwC and Asoko Insight.



Uzonna Anele
Anele is a web developer and a Pan-Africanist who believes bad leadership is the only thing keeping Africa from taking its rightful place in the modern world.

Subscribe to receive email updates

With a subscription profile, you automatically receive updates without having to return to the website and check for changes

Just In

Mali Swears In Bah Ndaw As New Civilian Leader

Mali's new president Bah Ndaw has been sworn into office, five weeks after the overthrow of Ibrahim Boubacar Keïta. Former...

Troublesome South African Baboon Evicted For Organizing Gang To Raid Homes

Kataza is an urban baboon who was captured and put in a local prison for organizing a band of baboons to join him in raiding 15 homes in Kommetjie, on Cape Town's southern peninsula in South Africa.

A Leading University In China Now Teaches Ethiopia’s Amharic Language As A Full Course

A leading university in China — Beijing Foreign Studies University (BFSU) — has started to offer Ethiopia's widely spoken Amharic language as a full...

TIME 100: Tony Elumelu, Three Other Nigerians Makes Time’s list of 100 Most Influential People Of 2020

Tony Elumelu, is among four Nigerians named by the Time Magazine International in their 2020 list of 100 most influential people in the world...

Zambia’s Namwali Serpell Wins UK’s Top Prize For Science Fiction

Zambia's Namwali Serpell has won the UK’s top prize for science fiction, the Arthur C Clarke award, for her first novel "The Old Drift". The...

More Articles Like This