The globally-acclaimed consulting firm, Boston Consulting Group (BCG) has listed Guaranty Trust Bank as one of the six African companies driving the amalgamation of economic activities within the continent.
The others include Dangote Group,Globacom , United Bank for Africa, Nigerian Breweries and Jumia.
According to BCG in a report just released, a total of 150 companies are blazing the trail toward a more integrated Africa.
They consist of 75 Africa-based companies and 75 multinational companies that have established impressive track records in Africa and are contributing to further integration of the continent.
The 150 companies were drawn from 18 countries, namely Kenya, Nigeria, Egypt, South Africa, Morocco, Côte d’Ivoire, Mauritius, Tanzania, and Tunisia. The multinational companies also listed in the report are mainly from France, the United Kingdom, and the United States, while the rest are from China, India, Indonesia, Qatar, and the UAE.
The report indicated that economic integration is gathering momentum on the continent despite the barriers of fragmentation which exist in Africa. Globacom and the other listed companies are driving the process, according to the report.
