16 January 2019

We’ve partnered again with London Stock Exchange to champion high growth African businesses

The London Stock Exchange (LSE) Companies to Inspire Africa 2019 publication recognises over 360 dynamic businesses from 32 countries across the continent.

Representing seven major sectors, these businesses range from less than five people to more than a 1000. Over a fifth are led by women and we are proud to showcase their performance and potential.

CDC-backed businesses in the report include Blue Skies Holdings, a fruit harvesting business in Ghana that employs thousands of people. It prioritises sustainable land use, employee job quality and local community development. Wananchi Group, is an East African telecommunications company that offers a combination of cable television and internet services to residential and corporate customers in Kenya and Tanzania. Improving access to affordable and quality internet is central to Africa’s development and economic growth.

You can download a full copy of the report from the LSE’s website.

Nick O’Donohoe, CEO, CDC Group, commented:

“CDC Group has more than 70 years’ experience investing for growth in Africa so it’s a privilege to champion more than 360 high performing businesses in today’s publication. These companies are led by some of the continent’s most dynamic management teams who shape the future of their industries.

CDC plays a large role in backing Africa’s most ambitious businesses. We were proud to invest $180 million in the continent’s largest independent fibre and cloud provider, Liquid Telecom, who will deliver broadband connectivity to support SMEs from Cairo to Cape Town.

With a further £3.5 billion to invest across Africa over the next three years, we plan to partner with many more strong management teams to help drive growth and prosperity through socially responsible business. We are thrilled to support the London Stock Exchange Group in highlighting the breadth of commercial talent and tenacity from Africa’s thriving business community.”


Contact

Clare Murray, CDC Group, cmurray@cdcgroup.com