NLNG Corporate Teamwork banner First bank FinTech summit Fidelity bank card banner Emerald Energy Institute Camano banner

Dangote, Globacom, GTB, 3 others make list of companies driving African economy

By Stellamaris Ashinze on 20/04/2018

Gmail icon

Views: 1,505

•BCG Senior Partner Patrick Dupoux
•BCG Senior Partner Patrick Dupoux

 Dangote Group, Globacom and Guaranty Trust Bank have been listed among six Nigerian companies driving amalgamation of economic activities in Africa.

The listing was done by Boston Consulting Group (BCG) in its report entitled, ‘Pioneering One Africa: African Corporations Trail-blazing across the Continent’.

A statement issued by Globacom in Lagos on Thursday, said other companies mentioned also included United Bank for Africa and Jumia Nigeria.

“BCG identified 150 companies blazing the trail toward a more integrated Africa. They consist of 75 Africa-based companies and 75 multinational companies that have established impressive track records in Africa and are contributing to further integration of the continent.

“The African pioneers come from 18 countries on the continent including South Africa, Morocco; Kenya, Nigeria, Egypt, Côte d’Ivoire, Mauritius, Tanzania, and Tunisia.

“The multinational companies also listed in the report are mainly from France, United Kingdom and U.S, while the rest are from China, India, Indonesia, Qatar, and the UAE,” the statement said.

According to the statement, economic integration on the continent is gathering momentum, with the listed companies driving the process.

“BCG highlighted eight factors that explain how these companies are making their impacts felt on the continent. These include active expansion of footprint across African countries, building strong African brands and using local innovation,” it said.

It also identified investment in local talents and development of people advantage, building local ecosystems and facilitating movement of people, goods, and information among the factors.

“Fragmentation in Africa is greater than anywhere else in the world, and it adds significantly to the economic challenges facing countries that typically lack the critical mass to compete globally.

“Despite these barriers, we see more signs of economic integration with each passing month, quarter and year.

“The primary drivers come from within the continent, led by African businesses,” the statement quoted BCG’s Senior Partner and Co-author of the report, Patrick Dupoux, as saying

It also quoted another BCG Partner, Lisa Ivers, as saying that the past decade demonstrated that the listed companies were masterful at overcoming adversity.

“They have built impressive track records of creating value for themselves and advancing the development of the continent and its many economies.

“They know that continuing to drive the integration of the African markets where they do business is one key way to pave the road to greater success.”

It added that Globacom had over the years built a reputation as an African brand offering innovative solutions in voice and data services, thereby making telecommunication services more accessible. (NAN)

Source News Express

Posted 20/04/2018 12:07:12 PM





You may also like...
Stakeholders react as FCT gives Abuja taxi drivers...

VC counsels on family life, identifies health benefits...

PDP to appeal tribunal’s verdict on Ekiti governorship...

Presidential battle: Buhari will defeat Atiku at Supreme,...

Stop killing mosquitoes; they are our friends —...

State manipulations and unavoidable eternal condemnation, By Lovina...

Reps visits NLNG’s Bonny Plant

Egua floats The Bridge, quits Frontiersnews

BREAKING: Real Madrid beat Liverpool in 2018 Champions...

Ebola casualties mount in Nigeria, another victim confirmed...

Buhari to unfold APC’s job creation master plan...

Vote counting under way in historic Zimbabwe elections...


Latest News FG to partner innovative companies on the national cooperative housing scheme Kwara explains temporary cut in water supply Onitsha Fire: Time for govt to rev up its rapid response strategy — CLO Court fixes Nov. 4 for hearing of Lokpobiri’s suit challenging Bayelsa APC guber primary No fresh appointment has been made by Abia Poly Management — Rector Oshiomhole's man threatens suicide Border closure: Smugglers devise fresh tactics 20 wounded, many feared dead in wedding blast CAN blasts MURIC for allegedly associating Christ with kidnapping Fed Poly expels 66 students for alleged exam malpractice Troops capture cache of arms/equipment of terrorists, arrest logistics supplier Border closure: Used vehicles flood Apapa port


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (551,531 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (447,596 views) Shameless Genevieve Nnaji exposes breasts in public (395,198 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (330,910 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (299,161 views) 10 cars more expensive than Jets (265,042 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (256,188 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (253,524 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (235,021 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (221,192 views) Lagos plane crash: Journalist releases victims’ names (198,680 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (195,881 views)


CBN milk production

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (105) Business & Economy (4,498) Business Verdict (85) Columnists (1,130) Complaints & Requests (96) Enterprise & Opportunities (218) Entertainment (691) Features (833) Global Business Monitor (467) ICT Monitor (66) International (4,088) Interview (204) Live Commentary (30) Love Matters (174) Maggie's Blog (452) News (52,794) Opinion (1,398) Pidgin (17) Politics (11,583) Religion (1,111) Sports (2,196) Stock Watch (39) AMA & Al Jazeera Global Update







APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera