Six Kenyan firms lead African integration drive, says new study

An Equity Bank stand at an international trade fair in Rwanda. file photo | nmg

What you need to know:

  • Bidco, Safaricom, Tecno Brain, M-Kopa, Nation Media Group and Equity Bank are the Kenyan companies leading the African integration drive.

Six Kenyan companies are among 150 African businesses defying geographic, geopolitical, transportation and infrastructure barriers to drive economic integration of the continent.

Bidco, Safaricom #ticker:SCOM, Tecno Brain, M-Kopa, Nation Media Group #ticker:NMG and Equity Bank #ticker:EQTY are the Kenyan companies featured in a new report by The Boston Consulting Group (BCG), Pioneering One Africa: African Corporations Trail-Blazing Across the Continent.

The report identifies 150 companies driving efforts towards an integrated Africa and eight ways (including innovativeness, connecting Africans by facilitating movements and investing in local talent) in which these companies are making an impact. 

“If the past decade has demonstrated anything, it’s that these companies are masterful at overcoming adversity,” said Lisa Ivers, BCG Partner and co-author of the report.

“They have built impressive track records of creating value for themselves and advancing the development of the continent—and its many economies. They know that continuing to drive the integration of the African markets where they do business is one key way to pave the road to greater success.”

The six companies either operate in multiple African countries or their services are available in several markets in the continent.

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Note: The results are not exact but very close to the actual.