LSE Group selects eight Egyptian companies as part of Inspire Africa 2019
LSE selects eight Egyptian companies as part of Inspire Africa 2019: In its latest bid to drum up potential listings in the Middle East and Africa, the London Stock Exchange has named eight Egyptian companies to its list of Companies to Inspire Africa 2019, which it says highlights Africa’s most dynamic businesses. Who made the list? Carbon Holdings (widely believed to be looking at LSE as part of its planned IPO), Cairo Three A, Eagle Chemical Group, KarmSolar, Fawry, and German Medical Healthcare Corporation were among those highlighted in the report. Some 360 companies from 32 countries made the list. All are privately held and must have annual turnover of less than USD 1 bn to make the ranking. You can browse the full report online here.
Depressing stat: Men account for more than three-quarters of those employed by the 360 companies ranked this year.