JESA Dairies also known as JESA Farm Dairy, part of Mulwana Group of companies is among the 24 Ugandan private companies featured among the top private firms by London Stock Exchange Group in its latest ‘Companies to Inspire Africa’ report, released early this week in London.
The local companies highlighted in the report, which was released at a conference in London, are believed to be among Africa’s fastest growing and arguably the most dynamic businesses.
The companies are part of the 360 private businesses assessed by the report from 32 countries, representing 50 per cent of Africa’s population.
The report argued that these firms are capable of driving transformative economic growth in their home countries and beyond.
The Ugandan companies on the list include: Africa Polysack Industries Ltd, All In Trade Ltd, Aptech Africa Ltd, Britania Allied Industries Ltd, Camusat Uganda Ltd, Case Medical Centre Ltd, and Cephas Inn Ltd
Others are: CSquared, Delight Uganda Ltd, Docuwide Uganda Ltd, Farm Fresh Produce (Uganda) Ltd, Friends Consult Ltd, FutureLink Technologies Ltd, Geossy Ltd, Grow More Seeds and Chemicals Ltd, Jesa Farm Dairy Ltd., Josa Green Technologies Ltd, Mobipay and NASECO (1996) Ltd
Also on the list is National Union of Coffee Agribusinesses and Farm Enterprises, Nina Interiors Ltd, Q-Sourcing Ltd, Shiv International Ltd, Simoshi Ltd, Smartwatch Solutions Ltd,
To build the list, London Stock Exchange Group says it considered whether the firm is active and privately owned, demonstrated growth over the past three years, and has exhibited transparency in their financial accounts.
David Schwimmer, the Chief Executive Officer of London Stock Exchange Group (LSEG), said the growth rates and sector diversity of the firms highlight their potential to transform the African and wider economy and become the big global job creators of tomorrow.
The study was produced in partnership with African Development Bank Group, CDC Group, PwC and Asoko Insight.
Nigeria (97) and Kenya (66) led the countries represented in the report this year. Companies featured include small entrepreneurial businesses through to well-established corporations
The 2019 report in numbers:
The 2019 report identifies 360 companies from 32 countries across the African Continent with 7 major sectors represented.
Revealing exceptional rates of growth amongst this year’s cohort, with average revenue Compound Annual Growth Rate (CAGR) at 46% and average employee CAGR at 25%, over three years, the report highlights the entrepreneurial and dynamic landscape of the African private sector.
Companies featured include small entrepreneurial businesses through to well-established corporations
23% of the companies are led by women, almost double the proportion in the 2017 report: Standout sectors where senior female executives are having a big impact are Healthcare & Education and Financial Services, with 39% and 31% are led by women CEOs; In Ghana, 10 out of the 20 companies featured are led by women
The fastest growing sectors are Financial Services and Renewable Energy with revenue growth rates of 70% and 66% respectively
Consumer Services is the most represented sector with 79 companies from 20 countries this year, reflecting the growth of sub-sectors such as Consumer Goods, Food & Beverages, Leisure & Tourism, Media and Retail, and the growing middle class in Africa
Agriculture remains an important sector for the continent with 53 companies, almost 15% of those featured
The East-West African axis dominates this year’s Report with 130 companies from Western Africa and 147 from Eastern Africa
The companies in this year’s report are creating significant employment opportunities across Africa with each company employing an average of 363 people