The London Stock Exchange Group (LSEG) has honored a number of Nigerian companies, recognizing them in a report as the “Companies to Inspire Africa”.
Presented on Wednesday in London, the report enlists about 360 companies across 32 countries on the continent. Sectors in which these companies operate include agriculture, finance and consumer services, but also firms using technology to promote social accountability.
Ninety-seven (97) companies from Nigeria are listed on the report. They include start-ups like Farmcrowdy, a company that has been positively reviewed for its innovative approach to empowering farmers and giving prospective investors in agriculture a sure footing to be involved. Also on the list is Flying Doctors Nigeria (De Flight Medics Ltd), the healthcare company providing emergency ambulance and evacuation services across Africa since 2011.
Then there is BudgIT, the civic-tech organization using infographics on social media and offline tracking of government projects to raise citizen consciousness about fiscal responsibility and accountability. Co-Creation Hub, the incubator company where BudgIT was first pitched at a hackathon in 2011, is also on the list, as well as Kachifo Ltd, the publishing house whose imprint (Farafina) introduced Chimamanda Adichie to the world through Purple Hibiscus.
A selection of other Nigerian companies on the list founded within the last decade include:
- Green Village Electricity (GVE) Projects Ltd, a renewable energy company
- MAX.ng, a motorbike-hailing and delivery service
- MainOne Cable Company, a network and data services firm
- OneFi and RenMoney, two companies that give personal loans
- Paystack and Paga, two payment solutions companies
- Printivo, a prints company
Companies to Inspire Africa 2019 is the second edition of LSEG’s reports documenting high-potential-growth companies in Africa. Each of the 360 firms in this year’s report employs over 350 people on average with 23% of the companies’ senior executives female, according to a note by the group’s chief executive, David Schwimmer.
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