Futurepump and SunCulture Chosen As Companies to Inspire Africa 2019

Published Jan. 18, 2019

At London Stock Exchange Group

About Powering Agriculture

Powering Agriculture: An Energy Grand Challenge for Development supports the development and deployment of clean energy innovations that increase agriculture productivity and stimulate low carbon economic growth in the agriculture sector of developing countries to help end extreme poverty and extreme hunger.

Futurepump and SunCulture have been identified by the London Stock Exchange Group as two "ambitious, growing companies from around the world", and are featured in this year's Companies to Inspire Africa.

From the London Stock Exchange Group website:

About the Report

It gives me great pleasure to welcome you to the second edition of London Stock Exchange Group’s report, Companies to Inspire Africa. This pioneering report identifies Africa’s most inspirational and dynamic private, high-growth companies to a global market. 

We publish this report as it is our belief that these firms, and high-growth firms like them, are crucial to the future of the African economy, capable of driving transformative economic growth in their home countries, Africa and beyond. 

There are 360 companies from 32 different countries across the continent represented in this report, boasting an incredibly impressive average compound annual growth rate of 46%, up from 16% last year. On average, each firm employs over 350 people, with an average compound annual employee growth rate of 25%.  

A diverse range of industry sectors feature, painting an encouraging picture of the future of the African economy. Consumer Services, Industry and Agriculture are the three biggest sectors, between them making up over 50% of the companies featured. Technology & Telecoms, and Financial Services together represent over 25% of firms, while Healthcare & Education and Renewable Energy also feature strongly.

It is also very encouraging that 23% of the senior executives of the companies featured are female, a near doubling from 12% in last year’s report.

The growth rates and sector diversity of the firms featured highlight their potential to transform the African and wider economy and become the big global job creators of tomorrow.

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