Instinctif Partners Sponsors London Stock Exchange Group Companies to Inspire Africa 2019
Instinctif Partners joined forces with London Stock Exchange Group to launch this year’s ‘Companies to Inspire Africa 2019’ report, which showcases some of Africa’s fastest growing and most dynamic private companies. The report was launched today at a flagship event in London, and will also be revealed across Africa in an upcoming roadshow covering six countries.
‘Companies to Inspire Africa’ (CTIA) launched last year, with the aim of showcasing the exceptional growth being achieved by Africa’s smaller to mid-sized private companies. 343 companies were featured last year and the 2019 report sees more businesses across the continent nominated.
LSEG has a long track record of supporting access to growth capital for companies around the world, and this initiative builds on its history of supporting the development of Africa’s capital markets and investment in African companies. Instinctif Partners likewise has had a long-standing interest in working in Africa, not least out of its fast-growing Johannesburg office and through London and Dubai. The Company was delighted to work with LSEG in promoting CTIA 2019 and to be involved in the evolution of this exciting initiative.
Alongside participating in the London launch today, Instinctif will also be involved in the 6 city Africa roadshow during the first half of 2019, which sees them hosting the Johannesburg event on 7th March.
Since the publication of last year’s report, 75 companies tracked by PwC achieved major milestones in their journeys, with 15 of the featured companies collectively raising an additional $1.9 billion in new finance from various sources (including bank financing, IPOs, private equity and domestic bonds). Being featured in the CTIA report raises the profile of the companies involved with a wider investment base, and as shown through last year’s success, provides access and knowledge of funding availability to assist companies in their expansion plans.
David Simonson, Managing Partner at Instinctif Partners commented: “Working alongside LSEG for the 2019 CTIA Report is proving truly inspiring. We are proud to have teamed up on such an exciting initiative and to have the opportunity to work with such a diverse range of dynamic companies, who in combination are having such dramatic impacts on the African business landscape.”
David Schwimmer, CEO, LSEG, said: “London Stock Exchange Group’s ‘Companies to Inspire Africa’ report showcases inspirational and entrepreneurial businesses from across the African continent, representing a wide variety of industries and countries. It is particularly encouraging to see the increasing influence of women in leadership roles in these fast-growing companies, playing a pivotal role in shaping the future of African business.
These high growth companies have the potential to transform the African economy and become tomorrow’s job creators. At LSEG, we are committed to helping companies realise that potential and we are pleased to highlight and celebrate the company success stories behind one of the world’s fastest growing markets.”