Phase3 Telecom, West Africa's largest independent telecommunications infrastructure, has been penned as one of such in the technology and telecoms space by the London Stock Exchange Group (LESG).
This is based on advanced research into Africa's most vibrant private and growth driven companies that are shaping global markets across industries and sectors.
This development serves as an offshoot of the second edition of LESG Companies to Inspire Africa report which recognized companies that have witnessed noteworthy evolution, made remarkable progress and have recorded diverse and visible milestones in the past year.
This Includes companies within the African continent that are pursuing initial public offerings and bonds issuance to grow as well as those that have embarked on regional and global expansion projects.
Interestingly, of 360 companies from 32 different countries across Africa that were highlighted in the report, 23% of the senior executives of the companies featured are female, at an encouraging 11% above 2018 report.
It was also stated that firms in the consumer services, industry and agriculture were the three biggest sectors which made up over 50% of the companies attributed to the continent's growth in the past year.
While technology, telecoms, and financial services represented more than 25% of entities; with healthcare, education and renewable energy sectors also making up a good percentage.
Also in the report's forwards, David Schwimmer - chief executive officer of London Stock Exchange Group stated that the report was published based on LESG " belief that these firms, and high-growth firms like them, are crucial to the future of the African economy, capable of driving transformative economic growth in their home countries, Africa and beyond”.
Adding that LESG looks "forward to continuing to work with African governments, companies and financial market participants to develop domestic capital markets further, offering an additional funding channel and supporting entrepreneurship, infrastructure, green investment and economic growth".
That currently listed on London markets with increasing global investor access network, are more than 100 firms and almost 40 African bonds through issuance from Nigeria, Kenya, Egypt, Angola and Ghana.
Stanley Jegede
And according to Mr. Stanley Jegede, chief executive officer of Phase3 Telecom this affirms the company’s role as an indigenous firm at the forefront of increasing efforts that will boost digital market viability, layered connectivity solutions and minimize the challenges of accessibility and reliability across sectors.
Thus, validating the company's daily commitment to driving its vision for Nigeria and the West African sub-region.
Maintaining that speedy broadband penetration remains a prime objective as Phase3 continues to ensure that the region enjoys quality of service, reliability and exceptional customer experience that ride on investments in our team and technologies that create an enabling ecosystem for clients within a secure, reliable and scalable network infrastructure.
