Proshare Identified In London Stock Exchange Group’s ‘Companies To Inspire Africa 2019’ Report

Wednesday, January 16, 2019    05:51PM / Press Release

Highlights

• 2019 report identifies a new cohort of fast growing and dynamic private businesses across Africa
  
• 360 companies selected from 32 countries
  
• Nigeria and Kenya lead the way as the countries with the most companies featured in the report
  
• Exceptional growth rates reflected in featured companies’ CAGR of 46% revenue CAGR and average employee CAGR of 25%, over three years
  
• 23% of the companies are led by women, almost double the proportion reported in 2017
  
• Consumer Services is the most represented sector with 79 companies – reflecting the growing middle class and the increasing importance of consumer products and services in African economies.
  
• Proshare is a niche financial information service hub which serves as a critical bridge between investors and markets.
  

Proshare has been identified as one of London Stock Exchange Group’s Companies to Inspire Africa 2019. The report is a celebration of Africa’s and most dynamic growth businesses.

To be included in the list, companies needed to be privately held, and show an excellent rate of growth and potential to power African development. More detail on the methodology can be found in the report online at www.lseg.com/inspireafrica.

Proshare’s CEO/Founder quote: “this was a long way coming and the sacrifices to get here is beyond a founder and the committed staff that played a role in ensuring the service delivered on its goals”.

The report was produced in partnership with African Development Bank Group, CDC Group, PWC and Asoko Insight who contributed their insight and expertise to select the featured companies, and the report is sponsored by Instinctif Partners and Stephenson Harwood.

·         Download the full 2019 Africa report

·         Search the Companies to Inspire Africa 2019 listing

To find out more about London Stock Exchange Group’s Companies to Inspire Africa 2019’ report please visit https://www.lseg.com/resources/companies-inspire-africa/companies-inspire-africa-2019

About Proshare 

Proshare Nigeria Limited, founded in December 2006, is a niche financial information service hub with a key focus on markets, business, technology, regulation, MSME, personal finance and economic development. 

Proshare’s remit is simple: to serve as a critical bridge between investors and markets. Yet the mandate extends beyond providing credible, reliable and timely financial information on a 24 hour loop through an institutionalised network of researchers, analysts, contributors, and content owners; to being the standard bearer for governance practices, fact based intervention, local investment data and market informatics. 

We are organised as a professional practice to provide accountability in our role of opening up the market place by complementing regulators and SRO’s to shape conversations, advocate on key change imperatives, hold the system accountable in a collaborative manner and raise the bar through the way we conduct our engagements. Our goal is to facilitate the information needs of a vibrant, productive and growing African economy. 

LSEG Release

London Stock Exchange Group launches 'Companies to Inspire Africa ...

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