By Modupe Gbadeyanka
Leading news magazine publication owned by Paris-based media group, Jeune Afrique, The Africa Report, in its February 2017 issue, listed Transnational Corporation of Nigeria (Transcorp) as one of its top 500 companies recently in Africa.
President and CEO of Transcorp Plc, Mr Emmanuel Nnorom, has described the recognition as the most welcomed and proof that it was possible to be financially profitable “when you focus on the best interest of the country and the people.”
Mr Nnorom also noted that Transcorp has been recognized as one of Africa’s top 500 companies despite the fact that its investments are currently situated in Nigeria only.
The list is compiled annually 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 they join the list of Africa’s stellar performers.
A handful of notable Nigerian companies also appeared on this year’s list of Africa’s best including Dangote, and Nigeria Breweries.
Transcorp, Incorporated on November 16, 2004, is a leading diversified conglomerate with focus on acquiring and managing strategic businesses that create long-term shareholder returns and socio-economic impact. Its business interests are in four strategic sectors: Power, Energy, Hospitality and Agriculture.
