Eight Technology And Telecoms SMEs Highlighted By London Stock Exchange As Companies To Inspire Afrika

Eight technology and telecommunications small and medium enterprises have been highlighted by the London Stock Exchange as "Companies to inspire Africa".

The Afrikan companies were announced and listed in the Companies to Inspire Africa for 2017 report which identifies Africa’s fastest-growing, ambitious and inspiring
small & medium-sized enterprises.

Companies to Inspire Africa 2017
Download the Companies to Inspire Africa for 2017 report (25MB)

"For the first time ever, we offer the market a definitive report identifying hundreds of Africa’s most inspirational and dynamic private, high-growth companies – ones which have come to the attention of major global investors." said Xavier Rolet KBE, CEO of the London Stock Exchange Group. The report covers companies in different sectors spanning industry, consumer services, renewable energy, technology & telecoms, agriculture and healthcare & pharmaceuticals. "The motivation behind researching and publishing this report was to demonstrate what we instinctively believe – that these companies are fundamental to the successful future of the African economy, with enormous potential for growth and high-quality job creation." said Rolet.

African Companies LSE
African Companies Snapshot | London Stock Exchange

The Afrikan technology and telecoms companies mentioned in the report are:

  • BIMA, which uses mobile technology to provide affordable insurance and health services to low-income consumers in emerging markets.

  • BitPesa, which buys and sells African currencies from anywhere in the world, with settlement directly to and from African bank and mobile money accounts.

  • Gro Intelligence, which has built Clews, a discovery engine for all data related to food and agriculture.

  • Eaton Towers, which has developed a network of transmission towers across Africa.

  • Helios Towers, which has built one of Africa’s largest portfolios of independently operated telecoms towers.

  • Interswitch, which has built up a nationwide multi-channel payment network in Nigeria.

  • Tracker, which has established itself as Africa’s leading stolen vehicle recovery business.

  • Snapplify, which provides a comprehensive platform for e-books, magazines, newspapers, apps, audiobooks, video and other digital content to schools and individual readers.

The report was published by the London Stock Exchange in partnership with the African Development Bank Group, CDC Group and PwC.

Rolet concluded by saying that the "report is just the latest milestone in supporting private African companies with the greatest growth potential."

Comments