Transnational Corporation of Nigeria (Transcorp) is on the list of Africa’s top 500 companies recently released by The Africa Report (February 2017 issue).
The Africa Report is a leading news magazine publication owned by Paris-based media group, Jeune Afrique.
The list is compiled yearly with each company listed assessed based on total turnover as well as net profits. Despite the recent economic challenges in the country, Transcorp has continued to focus on improving lives and transforming Nigeria as it joins the list of Africa’s stellar performers.
According to Transcorp Plc. President/CEO, Emmanuel Nnorom, the recognition is welcomed and has become prove that it is possible to be financially profitable when focus is on the best interest of the country and the people. Nnorom also noted that Transcorp has been recognised as one of Africa’s top 500 companies despite the fact that its investments are currently situated in the country only.
A handful of notable Nigerian companies also appeared on this year’s list of Africa’s best including Dangote, and Nigeria Breweries.
