Transnational Corporation of Nigeria (Transcorp) was on the list of Africa’s top 500 companies recently released by The Africa Report (February 2017 issue), a leading news magazine publication owned by Paris-based media group, Jeune Afrique.
The list is compiled annually with each company listed assessed based on total turnover as well as net profits. Despite the recent economic challenges in the country, Transcorp has continued to focus on improving lives and transforming Nigeria as they join the list of Africa’s stellar performers.
According to Transcorp Plc. President/CEO, Emmanuel Nnorom, the recognition is most welcomed and has become proof that it is possible to be financially profitable when you focus on the best interest of the country and the people. Nnorom also noted that Transcorp has been recognized as one of Africa’s top 500 companies despite the fact that its investments are currently situated in Nigeria only.
A handful of notable Nigerian companies also appeared on this year’s list of Africa’s best including Dangote, and Nigeria Breweries.
Transcorp is a leading diversified conglomerate with focus on acquiring and managing strategic businesses that create long-term shareholder returns and socio-economic impact. Its business interests are in four strategic sectors: Power, Energy, Hospitality and Agriculture.