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World Economic Forum Recognizes 16 Companies from Africa as Global Growth Companies

Oliver Cann, Associate Director, Media Relations, Tel.: +41 (0)79 799 3405, Email: oliver.cann@weforum.org
  • Sixteen of the region’s fastest-growing companies have been invited to join the World Economic Forum’s Global Growth Companies community
  • Companies are nominated on the strength of their ability to become future global leaders and are drawn from a broad spectrum of sectors, including financial services, retail, media, chemicals and energy
  • The Global Growth Companies community currently consists of over 360 companies from around the world
  • For more information about the Global Growth Companies community, please visit: http://www.weforum.org/community/global-growth-companies

Abuja, Nigeria, 6 May 2014 – The World Economic Forum today 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: 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 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.

The list of newly selected GGCs can be downloaded here. 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. To nominate a company, please complete the online form here.

The 24th World Economic Forum on Africa will be held in Abuja, Nigeria, on 7-9 May 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 and Chief Executive Officer, Heineken, Netherlands; Aliko Dangote, President and Chief Executive Officer, 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; John Rice, Vice-Chairman, GE, Hong Kong SAR

Notes to Editors

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The World Economic Forum is an international institution committed to improving the state of the world through public-private cooperation in the spirit of global citizenship. It engages with business, political, academic and other leaders of society to shape global, regional and industry agendas.

Incorporated as a not-for-profit foundation in 1971 and headquartered in Geneva, Switzerland, the Forum is independent, impartial and not tied to any interests. It cooperates closely with all leading international organizations (www.weforum.org).