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The women who run big businesses in Africa

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The women who run big businesses in Africa

JOHANNESBURG, South Africa, June 11, 2021 – / African Media Agency (AMA) / – Africa .com carried out a rigorous research project to identify not only prominent personalities, but also the women who run the largest companies and complexes of the African continent. . The result is called The Africa.com Definitive List of Women CEOs.

On August 18, Harvard Business School professor Tony Mayo will present the findings of his research on what it takes for African-American women to rank first in American corporations. A panel of female CEOs from the Africa.com list will react to that research, pointing out similarities and differences for corporate women in Africa. The names of those who made the List will also be revealed that day.

Africa.com’s Definitive List of Women CEOs is the product of a data-driven research project that began with the identification of all listed companies on the twenty-one stock exchanges in Africa, a list of over 1,400 Business. From there, the researchers selected the companies to focus on the largest companies, those with a market capitalization of $ 150 million or more, resulting in a list of 355 companies. Once the researchers identified these 355 companies, the largest in Africa, they searched the public information available from the management teams of these companies. To qualify for the List, women had to hold a CEO or CEO position at the helm of one of these companies. Titles were then further scrutinized by examining where women fit within the overall organizational structure of the company to ensure that women actually have authority that is consistent with their title. Based on this effort, a handful of women were eliminated; Although they had an impressive sounding title, the organization chart showed that someone else bears responsibility for the company’s profit and loss.

In addition to the women selected through the above process, the analysis went on to identify two additional groups of women who run Corporate Africa. An additional group of women are those who lead divisions of very large African corporate entities, so that their division, if it were an independent company, would qualify for the list with its own divisional market capitalization of $ 150 million or more. The roles of women heading these divisions were examined within the context of the company’s organizational structure; the title alone was not enough to make the list. The women in this group are responsible for the profit and loss of an income-generating division that would be valued at $ 150 million or more, alone.

Finally, women who run the entire African region, a region within Africa, or an African country were identified for global corporations listed on international exchanges. To qualify for this group, only international companies with a market capitalization of $ 50 billion or more are included. The women who run these businesses range from those who run a country, like Kenya or Nigeria, to those who run all of sub-Saharan Africa for these global giants.

On August 18, 2021, in addition to revealing the 50 names from Africa.com’s Definitive List of Women CEOs, Africa.com will provide insights and trends emerging from the research project, including the regions and sectors leading the designation. of women for the number one position in corporate Africa.

“We believe it is important to delve beyond the media hype and reveal to women that they have fundamental authority for the largest corporations in Africa. – many of which have gone unnoticed. We look forward to presenting this information on August 18 in conjunction with the Harvard Business School professor to elevate the conversation about women in corporate Africa. “

Sources: We thank African Business Magazine for contributing financial data on listed African companies.

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