Nairobi, April 24, 2017: Integrated telecommunications firm Telkom Kenya has been recognised among Africa’s Telcos vital to the successful future of the African economy.
The landmark inaugural ‘Companies to Inspire Africa’ report by the London Stock Exchange Group (LSEG) identifies fastest-growing and most dynamic businesses across Africa with enormous potential for growth and high-quality job creation.
Telkom Kenya, which is implementing a turn-around following last year investment by Helios Investment Partners as a 60% shareholder, has been defined as among the “inspirational and dynamic, private, high-growth Kenyan companies to come to the attention of major global investors.
“The recognition is demonstrable proof that we are on the right path to creating a successful telecommunications operator in Kenya. Our focus is to turn around the business, to establish a key position in the economic development of the country and for the long term, to provide alternative choice to Kenyans,” says Telkom Kenya’s Chief Executive Officer, Aldo Mareuse.
To build the list, the LSEG collated nominations for companies identified as high-growth businesses by professional services firm PwC, investment firm CDC Group and the African Development Banking Group as well as a host of development finance institutions, venture capitalists, private equity firms and impact investors.
LSEG is an international markets infrastructure business, tracing its history back to 1698. Its diversified global business focuses on capital formation, intellectual property and risk and balance sheet management. The Group also plays a vital economic and social role, enabling companies to access funds for growth and development.
The Company to Inspire Africa report is part of LSEG’s broader support strategy of African businesses in equity capital, raising efforts vital for the future of the African businesses.
LSEG is planning a series of regional events in major African cities throughout April and May 2017, with the Nairobi event scheduled for May 12, 2017.