Deloitte Technology Fast50 Africa Programme launched
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Professional services firm Deloitte has launched the Deloitte Technology Fast50 Africa Programme to recognize technological innovation on the continent.
The Fast50 Africa Programme focused on recognising companies that have achieved the fastest rates of revenue growth in Africa over the past five years.
The ranking features technology companies who consistently demonstrate business growth. It is open to companies run and majority-owned by African citizens who have base operating revenues of at least USD 70 000 and current year operating revenues of at least USD 500 000. The companies must be headquartered on the continent, and operational for a minimum of five years.
In addition, companies who wish to enter have to meet the following definitions and requirements:
It must be a technology company that:
- Develops or owns proprietary technology that contributes to a significant portion of the company's operating revenues; or
- Manufactures a technology-related product; or
- Devotes a high percentage of effort to research and development of technology.
- Uses global or local technology to build an innovative and sustainable technology business.
Participants can be public or private- and encompass all technology industry segments including:
- Biotech / Pharmaceutical / Medical Equipment
- Telecommunications / Networking / Internet
- Computers / Peripherals
- Semiconductors / Components / Electronics
- Media and Entertainment
- Software
- Green tech
“We at Deloitte want to reward companies who have achieved the status of high growth leaders because they have demonstrated innovative strategies, sound management and marketplace vision,” says Kamal Ramsingh, Technology Leader, Africa at Deloitte. Winners of the Deloitte Technology Fast50 Africa are eligible for the prestigious Deloitte Technology Fast50 EMEA which ranks the fastest growing technology companies in Europe, the Middle East and Africa.
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