By Nse Anthony-Uko
(Sundiata Finance) – Accion Microfinance Bank has been listed as a Company to inspire the Africa Continent in the inaugural edition of London Stock Exchange Group’s Companies to Inspire Africa 2017 report.
Accion MfB is listed as one of 343 companies from various sectors of the economy identified by the London Stock Exchange as companies to inspire Africa 2017.
According to Bunmi Lawson, managing director/ CEO, “This is a testament to the great work of the board, management and staff. It is an excellent recognition of Accion Microfinance Bank and further validates the company vision.”
According to Habiba Balogun, an independent director of Accion Microfinance Bank, “This is amazing and welcome news as we turn 10 years. It is an independent recognition at an international level of the governance, culture and strategies that Accion Microfinance Bank has built since inception nearly a decade ago.”
According to the London Stock Exchange “The motivation behind researching and publishing this report was to demonstrate what we instinctively believe – that these companies are fundamental to the successful future of the African economy, with enormous potential for growth and high-quality job creation.
The companies we list and profile boast an impressive average compound annual growth rate of 16 percent. On average, each firm employs nearly 400 people.
While Industry (including, for example, construction and mining) is the biggest sector to be represented (at 23 per cent of companies in the report), it is also encouraging that Financial Services is the second biggest sector (at 16%), demonstrating that the continent holds great promise for both traditional and more recent economic success stories.