WEF recognises 16 African firms as Global Growth Companies

Post date: May 8, 2014 4:01:47 PM

The World Economic Forum (WEF) on Tuesday announced its selection of Global Growth Companies (GGCs) in Africa, consisting of 16 of the region’s most dynamic and high-growth companies. These companies are considered trailblazers, shapers and innovators that are committed to improving the state of the world.

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.

The selected companies are: Seplat Petroleum Development Company plc (Nigeria); Computer Warehouse Group (Nigeria); Interswitch Limited (Nigeria); Nagode Group (Nigeria); UAC of Nigeria plc (Nigeria); Notore Chemical Industries Ltd (Nigeria); Nation Media Group (Kenya); Bidco Oil Refineries Ltd (Kenya); GML (Mauritius); 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 is proud to recognise 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/head of New Champions, at the WEF.

Together with the Social Entrepreneurs, Technology Pioneers, Young Global Leaders, Global Shapers and Young Scientists, the GGCs make up the New Champions, a larger WEF 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.

The 24th WEF on Africa will be held in Abuja, Nigeria, May 7 – 9, 2014. The theme of the meeting is Forging Inclusive Growth, Creating Jobs.

The co-chairs of the meeting are Dominic Barton, managing director, McKinsey & Company, United Kingdom; Jean-François van Boxmeer, chairman of the executive board/CEO, Heineken, Netherlands; Aliko Dangote, president/CEO, Dangote Group, Nigeria; Bineta Diop, president, Femmes Africa Solidarité, Switzerland; Jabu A. Mabuza, chairman, Telkom Group, South Africa; Sunil Bharti Mittal, chairman, Bharti Enterprises, India, and John Rice, vice-chairman, GE, Hong Kong SAR.