The Fastest Growing African Tech Companies

The Fastest Growing African Tech Companies
Many of the companies listed are based in Africa but not necessarily African-owned

AFRICANGLOBE – Tech companies in Nigeria, Kenya, South Africa and Egypt ranked in the top five for revenue growth the last five years, according to Deloitte’s Technology Fast50 Africa Programme.

The program recognizes company growth and technological innovation in Africay reports.

Kamal Ramsingh, Deloitte technology leader for Africa, said the phenomenal growth of all companies that entered the Deloitte Technology Fast50 Africa bodes well. “We … are very enthusiastic as to what this means for the technological development of the African continent,” Ramsingh said in the BusinessDay report.

The top 5 winners of the Fast50 Africa are:

– Interswitch Limited, Nigeria, with 1226-percent growth. An integrated payment and transaction processing company, Interswitch provides technology integration, advisory services, transaction processing and payment infrastructure to government, banks and corporations, according to its website.

– Techno Brain, Kenya, with 621-percent growth. A custom software application provider, Techno Brain provides IT solutions, education and training to NGOs, government and private organizations globally.

– Everlytic, South Africa, with 606-percent growth. This company provides cloud marketing software for businesses that manages everyday communication and campaigns for mobile, email and social channels.

– T.A. Telecom, Egypt, with 560-percent growth. T.A. Telecom provides mobile managed service for brands, NGOs and regional telecommunications operators. This includes creative mobile marketing solutions, mobile value-added services and mobile application development.

– Adapt IT, South Africa, with 295-percent growth. Adapt IT provides IT services for manufacturing, education, financial services and energy companies in more than 21 countries. It ranks 28th most-empowered company on the Johannesburg Stock Exchange for black economic empowerment, and sixth in the ICT sector, according to its website.

Here’s what Alicia Obasare of Interswitch Nigeria said about her company’s quadruple-figure growth: “Interswitch created the e-payments industry to address the peculiar needs of Nigerians (24/7 cash access), and further developed the industry through product innovation, product creation and localisation of competencies.

“We saw greater growth opportunities as we narrowed in on industries, placing greater focus around the critical sectors, such as oil and gas, aviation, hospitality, retail and e-commerce. Today, we’re proud to say that we’ve crafted a win-win model for our customers and staff whose support both now and during that time bear testament to the success of the company today.”

Walter Penfold of Everlytic said this about the company’s achievement: “At Everlytic we are constantly striving to be the best at what we do and to delight our customers in the process. This innate drive for perfection is the primary reason for our rapid growth over the last five years.

“We view our growth rate as a key indicator of success and will continue to focus on it to reach even greater heights in the future.”

 

By: Dana Sanchez