Eat’N’Go – Nigeria’s franchisee for Domino’s Pizza, Cold Stone Creamery and Pinkberry Gourmet Frozen Yoghurt – has been recognised as one of the London Stock Exchange Group’s (LSEG) companies to inspire Africa in 2019.
According to a statement, Eat’N’Go was listed alongside 78 other companies in the consumer services category, and 360 African companies across several sectors such as agriculture, finance, health, education, renewable energy and telecommunications.
Patrick McMichael, the Chief Executive Officer (CEO), Eat’N’Go Limited said the company is proud of the recognition. McMichael stressed that being part of organisations that have created so much impact in the African economy is a milestone achievement for Eat ‘N’Go.
“We understand the uniqueness and dynamic nature of the Nigerian market and we have constantly ensured that we continue to provide value to our consumers through our products and service offerings,” McMichael added.
Companies to Inspire Africa’ (CTIA) is a prestigious annual report compiled by LSEG, an international market infrastructural business which focuses on capital formation, intellectual property and risk and balance sheet management.
LSEG compiles the report to identify most inspirational, dynamic, privately owned high-growth companies investing in the real sector of the economy and African continent that are making significant socio-economic impacts by creating substantial numbers of jobs and have the potential to be publicly listed within the next few years.
The growth rates and sector diversity of these firms featured in the report highlight their potential to transform the African economy. Over 5,000 companies were recommended and shortlisted across the continent, only 5% of these companies from 32 different countries made the list.
The companies that made the list boast of an 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%.