In FINANCIAL TIMES’ ranking of Africa’s fastest-growing companies for 2023, two of our AAIC Investment portfolio companies, Africa Healthcare Network (“AHN”) and JIBU ranked 13th and 61st, respectively, among the top 100 companies (Article #1).
To be included in the ranking, companies had to meet certain criteria, such as a company’s “sales of $100,000 or more in 2018 and $1.5 million or more in 2021”. The ranking lists 100 companies by the highest average annual growth rate in revenues from 2018 to 2021. The article focuses on the presence of Africa’s fastest-growing companies, even as headwinds in the global economy.
AHN, which operates dialysis centres mainly in Tanzania, Rwanda, and Kenya, was featured in a separate FINANCIAL TIMES article, which also touched AAIC Investment (Article #2).
The full article can be found below.
Articles of FINANCIAL TIMES
1. FT ranking: Africa’s Fastest Growing Companies 2023（May 2nd 2023）
FT ranking: Africa’s Fastest Growing Companies 2023 | Financial Times
2. Africa healthcare faces dialysis challenge（May 25th 2023）
Africa healthcare faces dialysis challenge | Financial Times (ft.com)
*List of AAIC Investment’s portfolio companies and overview
Providing dialysis services, which are increasingly needed in sub-Saharan Africa, with high quality and competitive prices. Established and operated 3 centres in Rwanda, 16 centres in Tanzania, and 9 centres in Kenya (as of March 31, 2023)
Community Water franchising, with 160 franchises in 8 countries (Rwanda, Uganda, Kenya, Tanzania, DRC, Zambia, Burundi, and Ghana) as of May 31st, 2023. 10,000 other retail and other locations selling JIBU Water.
Shigeru HANDA, Director of AAIC Investment Pte. Ltd.
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