The methodology behind the numbers

How we built our list of Companies to Inspire Africa

To build this list, London Stock Exchange Group collated companies nominated by our partners, development finance institutions, venture capitalists, private equity firms, impact investors and our research partner, Asoko Insight. London Stock Exchange Group used the financial data provided on the companies to establish the list, with the following criteria needing to be met for inclusion.

Company status

Companies must be active and privately held, with headquarters or their primary operations being run out of Africa.

Growth

Companies must have demonstrated growth over the past three years. Growth was evaluated in terms of revenues, numbers of employees, operational output or geographic expansion.

Size

Independent company or consolidated group annual revenue must not exceed $1bn, for the years 2015-2017. Revenues are based on the company’s audited accounts.

Auditability

Companies were required to provide details on the auditors for their financial accounts against which checks were carried out.