Transnational Corporation of Nigeria (Transcorp) was on the list of Africa’s top 500 companies recently released by The Africa Report (February 2017 issue), a leading news magazine publication owned by Paris-based media group, Jeune Afrique.
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.
According
to Transcorp Plc. President/CEO, Emmanuel Nnorom, the recognition is
most welcomed and has become proof that it is possible to be financially
profitable when you focus on the best interest of the country and the
people. 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.
A
handful of notable Nigerian companies also appeared on this year’s list
of Africa’s best including Dangote, and Nigeria Breweries.
About Transnational Corporation of Nigeria
(Transcorp)
Transcorp
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.
Incorporated
on November 16, 2004 and quoted on the Nigerian Stock Exchange,
Transcorp has a shareholder base of about 300,000 investors, the largest
of which
is Heirs Holdings Limited, a pan-African proprietary investment
company. Transcorp’s other notable businesses include the award-winning
Transcorp Hilton Hotel, Abuja; Transcorp Hotels, Calabar; Transcorp
Power Limited which acquired Ughelli Power Plc, owner
of the Ughelli Power Plant and Transcorp Energy Limited, operator of
OPL 281.
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