• Friday, March 29, 2024
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BusinessDay

What Apha Mead’s inclusion in ‘Companies to Inspire Africa 2019’ means for Real Estate industry

Real Estate industry

Recently, the London Stock Exchange Group  (LSEG) released a report tagged ‘Companies to Inspire Africa 2019’ which contained the names of 360 companies selected from about 4,000 companies  in about 32 African countries.

Expectedly, because of their resilience, innovativeness, entrepreneurial capabilities and impactful operations, many Nigerian companies were recognized. Alpha Mead Group was one of them.

The inclusion of Alpha Mead in this report is particularly of very strategic importance to the real estate (RE) industry in Nigeria. Alpha Mead is a total real estate solutions company which prides itself as the leading light in its chosen field in Africa.

The real estate industry in the country is passing through challenges but Alpha Mead has been able, through innovative operations, huge investment in technology and strict compliance to global best practice, to rise above mundane limitations to attract both local and international recognitions.

The selection of the group as one of the Companies to Inspire Africa is, therefore, a huge plus to it in particular and the industry at large.  It sends the message that, despite the challenges, there are a lot to take away for investors who understand economic cycles and market dynamics.

“This recognition is another attestation to our capacity for growth, transparency and strong corporate governance regime”, an elated Femi Akintunde, the Group Managing Director, noted in a statement obtained by BusinessDay.

Continuing, he said, “it is fulfilling to see a prestigious report like the ‘Companies to Inspire Africa’ attesting to the standard we have designed for our customers”, he said, adding, “for us, sustainable business operations goes beyond meeting the varying needs of our customers across Africa”.

Akintunde believes that these operations are also about assuring new international brands planning to come into Africa that the continent is no longer a black box. “So, for us, this insignia of LSEG also re-affirms that the capacities, opportunities and possibilities we are creating are recognised and accepted globally”.

The GMD says the recognition is not just about an African company being recognised on the global stage, it is about an Africa real estate business showcasing the potentials of the market through success stories and the opportunities such recognitions create for the African real estate industry in the global scheme of things.

He disclosed that one of the things that has always driven the company over the years was the need to expand across Africa and provide an all-encompassing service that makes the real difference in the businesses and operations of their customers.

David Schwimmer, the CEO of  LSEG, had explained that ‘Companies to Inspire Africa’ report identifies Africa’s most inspirational and dynamic private, high-growth companies to a global market. The implication of this report is that the companies so selected demonstrably outperform their sector and market peers.

The LSEG’s Companies to Inspire Africa report, which was produced in partnership with African Development Bank Group, CDC Group, PWC and Asoko Insight who contributed insight and expertise to select the featured companiea, is  aimed at improving awareness on the region’s most dynamic companies.

The report showcases outstanding stories of innovation, growth and entrepreneurship in African business to a global audience. To be included in the list, companies need to be privately held, and show an excellent rate of growth and potential to power African development.

Alpha Mead is not new to recognitions. This is the third time in seven years that the group is featured in rankings or recognitions as one of  Africa’s promising companies. In 2012, it was ranked 16th in Fast Growth 50 Companies in Nigeria by the Allworld Network Inc. (co-founded by Professor Michael Porter of Harvard Business School) and The Tony Elumelu Foundation. Also, in 2013, Akintunde won the emerging category of the Ernst & Young Entrepreneur of the Year, West Africa.

These are among several international and local awards like the European CEO awards in 2014, Middle East and Africa Award 2017, Africa Real Estate Conference Award 2018, among others.

 

CHUKA UROKO