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Published On: Thu, May 8th, 2014

6 Nigerian firms among 16 fastest growing in Africa – WEFA

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Six Nigerian firms were on Wednesday announced among 16 companies in Africa newly recognised as the continent’s fastest-growing companies.

The firms were nominated to join the WEF’s Global Growth Companies community on the strength of their ability to become future global leaders.

The selected companies include Nagode Group, UAC of Nigeria Plc, Computer Warehouse Group, Interswitch Limited, Notore Chemical Industries Limited, and Seplat Petroleum Development Company Plc.

Nagode, a Lagos-based diversified entity with about five dynamic and fast growing subsidiaries, was incorporated in 1988, with business operations spanning manufacturing, industrial chemicals, distribution, logistics and services.

UAC PLC is Nigeria’s leading diversified company, operating in the food and beverages, real estate, paint and logistics sectors of the economy.

Interswitch is a leading pan-African integrated payments and Mobile Money network providing technology integration, financial advisory services, transaction processing and payment infrastructure in Nigeria.

Notore Chemical Industries is one of Nigeria’s leading fertiliser and agro-allied companies in Africa, with operations covering supply of premium fertilisers, deployment of best practices for farmers and farming communities across Nigeria.

Seplat Petroleum is a leading Independent Oil & Gas exploration and production company formed by two Nigerian E&P companies (Shebah E&P and Platform Petroleum Limited) as a Special Purpose Vehicle (SPV) for the acquisition of the assets in the country’s petroleum industry.

The recognition is part of activities of the 24th World Economic Forum on Africa holding in Abuja on the theme ‘Forging Inclusive Growth, Creating Jobs’.

They have been nominated to join the World Economic Forum, WEF’s Global Growth Companies community on the strength of their ability to become future global 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 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. (Premium Times)

 

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