Hidden Champions

About the initiative

Africa has over 400 companies with an annual revenue of USD 1 billion; yet case studies covering success stories of African companies are hardly covered in publications and academia.

Top 3 reasons to focus on Africa’s growth

  • Africa is a key frontier. It has the fastest-growing population and market
  • Home to the world’s largest free trade area
  • Africa has 6 of the world’s 10 fastest-growing economies

Africa is bigger than most people perceive

Our partners

Africa Foresight Group and DEG collaborated on the African Hidden Champions initiative to highlight outstanding African firms. AFG is in charge of data collection and case generation.

DEG is a project partner and a member of the project steering committee that guides the work’s creation and use.

About DEG: More than finance

For almost 60 years DEG has been a reliable partner to private-sector enterprises operating in developing and emerging-market countries. We provide our customers with tailor-made solutions, including financing, promotional programmes, and advice tailored to individual needs. They can thus develop successfully and sustainably while generating local added value and creating qualified jobs. With our portfolio of around EUR 9 billion in approximately 80 countries, we’re one of the world’s largest private-sector development financiers.

About AFG: Elevating African people and companies into global champions

African-owned and majority female-led, AFG is a talent network that operates as a platform for management consulting services. The goal of the company is to elevate African people and companies into global champions. AFG has more than 100 consultants - "foresighters" - in its network and has completed more than 140 engagements for leading companies, investment funds, and development partners since its inception in 2016. AFG experts and consultants work in industries that create real added value for the African continent, including agribusiness, FMCG, and finance.

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