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Boston Consulting Group, BCG, has released its ‘Pioneering one Africa Report’ which tracks business and economic development in Africa, with a focus on the roles of leading African companies and Multinational Corporations MNCs.

The report identified 150 companies blazing a trail toward a more integrated Africa. They consist of 75 Africa-based companies and an equal number of MNCs that have established impressive track records in Africa and are contributing to further integration and economic development.

Interestingly, six Nigerian companies made the list of the 150 companies blazing the trail on the continent. They are :
  • Dangote Group
  • Guaranty Trust Bank
  • United Bank for Africa
  • Nigerian Breweries
  • Globacom
  • Jumia

Footprints Companies

The report also identified 85 companies that have a large African footprint [having operations in at least ten countries] and 46 of these companies are African. They are active in the financial, consumer and retail, industrial goods, technology, and logistics sectors, among others.

Three Nigerian Companies made the list and these include:
  • Dangote Group
  • United Bank for Africa
  • Jumia

Greenfield Investment

The report also identified 9 African pioneers and 11 MNCs making significant greenfield investments in manufacturing facilities and other business infrastructure. It identified Dangote Group of Nigeria, as one of the largest conglomerates in Africa, with the establishment of cement factories in six African countries in 2014 and 2015, including a $480 million plant in Ethiopia. Dangote’s African operations outside its home market now contribute almost 30% of the group’s revenues.


Brand Recognition

The report noted that Africans are discerning consumers who make well-informed purchasing decisions and are willing to pay more for higher-­quality goods. In addition, the social approval of a brand plays an increasingly important role in purchasing decisions.

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Local Innovation

The report identified a number of companies in multiple industries for exemplary innovation and making African Lives better. Nigeria’s Guaranty Trust Bank and Jumia made the list.

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People Advantage

The report identified companies that have invested in growing and retaining local talent on the continent.


The Boston Consulting Group (BCG) is a management consulting firm with 90 offices in 50 countries. The firm advises clients in the private, public, and not-for-profit sectors around the world. It was ranked third in Fortune’s “100 Best Companies to Work For” in 2017.

Fikayo has a degree in computer science with economics from Obafemi Awolowo University. ITIL v3 in IT service management. An alumnus of Daystar Leadership Academy. Prior to joining Nairametrics had stinct in Project management, Telecommunications among others. Also training in Consulting and Investment banking from Edubridge Academy. He has very keen interest in Politics, Agri-business, private equity and global economics. He loves travelling and watching football. You can contact him via fikayo.owoeye@nairametrics.com


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