- Nigeria and Kenya led the presentation with 97 and 66 countries respectively. In addition, Nigeria is leads at Industry and Technology and Telecom sectors.
- About 130 companies operate in Western Africa and 147 in Eastern Africa alone.
- The 2018 Cohort exhibited Compound Annual Growth Rate (CAGR) for revenue of about 46% and CAGR for average employee of 25%. Entrepreneurship is at the heart of the continents combined economic growth, rising investments and job creation.
- The background is set on entrepreneurial businesses that are small at scale to established corporations with about 20% companies led by women.
- Women CEO’s are leading 39% and 31% of the companies in Healthcare & Education and Financial Services sector respectively. They are smashing gender stereotypes and entering industries previously seen as male domains.
- Renewable energy along with financial sector have been the grow-driven spaces with revenue growth rates of about 66% and 70%, respectively. While, consumer services with 79 companies from 20 countries is the most prominent sector implying growing middle-class space and rising demand for consumer goods, food & beverages, leisure & tourism, media and retail.
- Agriculture sector’s share of Africa’s GDP is 32% and it’s a major engine of job creation in the sub-Saharan Region (60% of the total employment).
- In almost 16 years from 2000, there has been a doubling of number of children entering primary schools in Sub-Saharan Africa and literacy rates among 15 to 24-year-old Sub-Saharan women have been up over 10%.
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