Instinctif Partners joined forces with London Stock Exchange Group to launch this year’s ‘Companies to Inspire Africa 2019’ report, which showcases some of Africa’s fastest growing and most dynamic private companies. The report was launched today at a flagship event in London, and will also be revealed across Africa in an upcoming roadshow covering six countries, including Egypt and Morocco.
‘Companies to Inspire Africa’ (CTIA) launched last year, with the aim of showcasing the exceptional growth being achieved by Africa’s smaller to mid-sized private companies. 343 companies were featured last year and the 2019 report sees more businesses across the continent nominated.
The LSEG has a long track record of supporting access to growth capital for companies around the world, and this initiative builds on its history of supporting the development of Africa’s capital markets and investment in African companies. Instinctif Partners likewise has had a long-standing interest in working in Africa, not least out of its fast-growing Johannesburg office, a North Africa regional office based in Dubai, and through London. The company was delighted to work with the LSEG in promoting CTIA 2019 and to be involved in the evolution of this exciting initiative.
Instinctif is supporting the six-city Africa roadshow during the first half of 2019, which sees them hosting the Johannesburg event on 7th March and supporting events in Cairo and Casablanca in Spring 2019.
Since the publication of last year’s report, 75 companies tracked by PwC achieved major milestones in their journeys, with 15 of the featured companies collectively raising an additional $1.9 billion in new finance from various sources (including bank financing, IPOs, private equity and domestic bonds). Being featured in the CTIA report raises the profile of the companies involved with a wider investment base, and as shown through last year’s success, provides access and knowledge of funding availability to assist companies in their expansion plans.
Samantha Bartel, Managing Partner at Instinctif Partners MENA commented: “Working alongside London Stock Exchange Group for the 2019 CTIA Report is proving inspirational for our team. We are proud to have teamed up on such an exciting initiative and to have the opportunity to work with such a diverse range of dynamic companies across North Africa and the continent. We are especially looking forward to the events in Cairo and Casablanca later in 2019.”
David Schwimmer, CEO, LSEG, said: “London Stock Exchange Group’s ‘Companies to Inspire Africa’ report showcases inspirational and entrepreneurial businesses from across the African continent, representing a wide variety of industries and countries. It is particularly encouraging to see the increasing influence of women in leadership roles in these fast-growing companies, playing a pivotal role in shaping the future of African business.
These high growth companies have the potential to transform the African economy and become tomorrow’s job creators. At LSEG, we are committed to helping companies realise that potential and we are pleased to highlight and celebrate the company success stories behind one of the world’s fastest growing markets.”
Source: INSTINCTIF Partners