“The African Development Bank is proud to be a partner of Africa’s Hidden Champions initiative, which is in line with our strategy to drive and finance Africa’s industrial development,” said Dr Abdu Mukhtar, Director of Industrial Development at the Bank. He said that the initiative will receive the sum of $390,000 for its activities to enable expansion and coverage into new sectors and markets in Africa, and provide more benefits and assistance to AHC members.
The African Hidden Champions initiative has become the leading international platform to showcase and connect Africa’s most promising companies. In September 2022, the executives and founders of the first group of African Hidden Champions met for the inaugural summit outside Frankfurt, Germany to discuss how Africa’s fastest growing and most inspiring companies can pave the way for global success.
Roland Siller, CEO of DEG said: “Africa’s Hidden Champions sets new standards for business excellence on the continent with its outstanding achievements and unwavering commitment to growth. It is a privilege to collaborate with the African Development Bank to expand the African Hidden Champions initiative and empowering more companies to realize their potential and transform the African business landscape.
AFG CEO and AHC Co-Founder, Yasmin Kumi, spoke about the future transformative impact on Africa’s private sector. “It is time to change the narrative about African business and expose how large multinational companies from Africa, challenge their peers in the global market, and thus increase the pride of Africans in their home businesses,” he said.
Africa Foresight Group (AFG) is a women-led company founded in 2016, with a mission to build African people and companies into global champions. The business provides top professional services to African companies across the continent through a flexible talent platform called Peralta. Founded in 2016, the company has grown to support businesses in more than 20 African markets and work for more than 100 clients from Africa and around the world. The company started in Ghana, and has locations in Accra, Johannesburg, and Lagos.
For almost 60 years, DEG has been a trusted partner for private sector companies operating in developing countries and emerging markets. With a portfolio of around EUR 9 billion in around 80 countries, DEG is one of the world’s largest private sector development financiers. DEG provides clients with tailored solutions, including financing, promotional programs, and advice needed to grow successfully and sustainably while generating local added value and creating quality projects.
About the African Development Bank Group
The African Development Bank Group (AfDB) is the leading development finance institution in Africa. It consists of three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 44 African countries with an external office in Japan, the AfDB contributes to the economic development and social progress of the 54 regional member states.
For more information: www.afdb.org