12 I&P's investees listed among the ‘’Companies to Inspire Africa’’Submitted by Admin on Thu, 04/06/2017 - 10:17
A dozen of companies supported by Investisseurs & Partenaires, have been selected by the London Stock Exchange Group for its first report ‘’Companies to Inspire Africa”, identifying hundreds of Africa’s most inspirational and dynamic private, high-growth companies (ACEP Burkina, Carrières et Chaux du Mali, IOT, ITG Store, Nutri'Zaza,Trianon, PEG, Pharmivoire, PhileoL, Scrimad, Ultramaille).
According to Xavier Rolet KBE, CEO, “the motivation behind researching and publishing this report was to demonstrate what we insticintly believe – that these companies are fundamental to the successful future of the African economy, with enormous potential for growth and high-quality job creation”
Two examples of "inspiring companies": PEG and PhileoL
PhileoL in Madagascar
PhileoL is one of the world’s most diversified producers of vegetable oil. The company grows seeds in partnership with local farmers and uses these seeds to produce oil for a wide range of uses, from cosmetics to fuel. PhileoL works with more than 700 families to collect and grow seeds, ensuring steady employment in what is one of the poorest parts of the country.
PEG in Ghana
PEG sells pay-as-you-go solar home systems to households that typically earn $5 - $10 a day. “We enable customers to replace their perpetual spending on poor-quality polluting fuels, such as kerosene, with a solar system that not only delivers higher quality energy, but also quickly becomes an asset that the customer owns” explains Nate Heller, PEG’s CEO. PEG also allows its clients to build up an all-important credit history.
PEG has recognized that there are around 500 million people in Sub-Saharan Africa without electricity and that the vast majority of them don’t have access to formal banking services.
About the report
London Stock Exchange Group has undertaken an ambitious research project, in partnership with Africa Development Bank Group, CDC Group and PwC, to reveal Africa’s most inspiring small & medium-sized enterprises.
According to Xavier Rolet, CEO of the London Exchange Group, “This new report demonstrates that high-growth, private companies are fast becoming the driving force behind African economies: developing skills, creating high-quality jobs and driving economic growth. (…)This is encouraging because equity capital is demonstrably more effective at helping dynamic start-ups and high-growth companies become the major companies and employers of tomorrow, than traditional sources of debt finance has proved to be.”
“Companies to Inspire Africa showcases some outstanding stories of innovation, bravery and growth across the continent. It brings Africa’s entrepreneurial spirit to an international audience, and I would like to congratulate all the companies featured for their vision, ambition and tenacity. It is their success that will drive Africa forward to a future of prosperity, and away from a reliance on international aid.” says the Secretary of State of the Department for International Development.