“The African Development Bank is proud to be a partner in the African Hidden Champions initiative, which fits perfectly with our strategy to drive and finance Africa’s industrial development,” said the Bank’s Director of Industrial Development, Dr. Abdu Mukhtar said. He said the initiative will receive an amount of $390,000 for its activities to enable its expansion and reach into new sectors and markets within Africa and to provide greater benefits and assistance to AHC members.
The African Hidden Champions initiative is the leading international platform to showcase and connect Africa’s most promising companies. In September 2022, the first cohort of executives and founders of African Hidden Champions met for the inaugural summit outside Frankfurt, Germany, to discuss how Africa’s fastest-growing and most inspiring companies can forge a path to global success.
Roland Siller, CEO of DEG said: “African Hidden Champions are setting new standards for business excellence on the continent with their remarkable achievements and unwavering commitment to growth. It is a privilege to collaborate with the African Development Bank to expand the Africa Hidden Champions initiative. And empower more companies to realize their potential and transform the African business landscape.” give.”
Yasmin Kumi, AFG CEO and co-founder of AHC, spoke about the initiative’s future transformational impact on Africa’s private sector. “It is time to change the narrative of African business and reveal how large multinationals are growing within Africa, challenging their peers in global markets and in doing so increasing the pride of Africans in their homegrown businesses,” he noted.
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 offers superior 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 works 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 nearly 60 years, DEG has been a trusted partner to private sector enterprises operating in developing and emerging-market countries. With approximately EUR 9 billion of assets in approximately 80 countries, DEG is one of the world’s largest private sector development financiers. DEG provides tailored solutions to clients, including the financing, promotion programs and advice needed to develop successfully and sustainably while generating local added value and creating qualified jobs.
About the African Development Bank Group
The African Development Bank Group (AfDB) is Africa’s leading development finance institution. 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 its 54 regional member countries.
For more information: www.afdb.org
