Proshare Logo
   Market Date: 19-12-2014   
Agriculture ARTS FINANCE All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

BCG rates Dangote, UBA among top 40 African ‘challengers’

Category: Investors NewsBeat

  Read (1872)
BCG rates Dangote, UBA among top 40 African ‘challengers’

FRIDAY, 04 JUNE 2010


United Bank for Africa Plc (UBA) and Dangote Group, have been listed by the Boston Consulting Group (BCG), the global management consulting firm and leading advisor on business strategy, as one of the 40 African challengers in a pan-African study just released. A company was assessed to be a challenger, if it has a mindset of being creative, exhibiting long-term vision and not driven by quick profits in expanding overseas.

Of the top 40 African challengers listed in the report, 18 are from South Africa, seven are from Egypt, six are from Morocco, two are from Nigeria.BCG said: “Hidden in plain view, scores of African companies have been competing and rapidly expanding in the global economy. To spot light the economic awakening, we have identified 40 fast growing African companies with global aspirations - the African challengers”.

In the extensive study, BCG said: “We examined almost 600 companies covering all economic sectors in order to pick the 40 African challengers using criteria such as revenues, growth rates, cash flow, leverage ratio, level of globalisation, foreign-based employees, foreign assets and foreign acquisitions and partnerships. The companies we chose as the challengers were those with the most dynamic international presence”.The 40 African challengers range in size from $350 to $80 billion in yearly sales and they all display strong growth, an international footprint and ambitious plan to expand overseas.  

UBA has continued to receive international accolades for it business model and global aspirations. Offering universal banking to more than 7.5 million customer accounts, it currently operates in 16 countries including Nigeria, Ghana, Uganda, Cameroon, Côte d’Ivoire, Kenya, Liberia, Sierra Leone, Senegal, Burkina Faso, Gabon, Chad, Benin, Tanzania, Zambia, and Guinea together with presence in New York, London and Paris and is one of Africa’s largest financial services institution.

Dangote on its part, is a conglomerate, spanning food processing, cement manufacturing and freight. With sales in excess of $2 billion, Dangote operates in nine countries and is the second largest global sugar producer.


Tags: , 

Comment With Your Facebook or Yahoo! ID

Latest news

News on Investors NewsBeat

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Contact Us
Volunteer Program
Message from CEO

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Discussion Forum

Subscriber Agreement
Privacy Policy
Data Policy
Copyright Policy
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Legal Support Services
Web/Technology Services
File a Complaint

CBN Governor 2014