CWG NAMED A WEF GLOBAL GROWTH COMPANY
CWG Plc, the leading Pan African Systems Integration company has been selected as a World Economic Forum Global Growth Company. CWG was selected for this recognition based on her phenomenal growth, global corporate citizenship, executive leadership and impact on the competitive landscape of the ICT industry in Africa.
According to David Aikman, Managing Director and Head of the New Champions at the World Economic Forum, “When choosing entrants to our Community of Global Growth Companies, we assess companies on their business model, annual revenues and growth rates, executive leadership and market position. CWG Plc is a dynamic group with clear potential to shape the future in its relevant business sector and so is a perfect fit to our GGC community”.
This recognition, coming on the back of the recent listing of the company’s shares on the Nigerian Stock Exchange, and becoming the largest security in the ICT sector of the NSE, assures CWG a place in a vibrant community of the world’s most dynamic and influential companies.
It will be recalled that CWG recently released her financial results on the NSE, posting an impressive 81% year on year growth in profit after tax, while proposing a dividend payout of over N202m.
Commenting on the award, an elated Austin Okere, CWG Chief Executive Officer & Entrepreneur in Residence at Columbia Business School, New York, said that his company has gone through tremendous transformation in business model since inception in 1992, and is now focusing on providing services in the Cloud on a subscription basis for her teeming customers; a project he tags CWG 2.0. According to him “Statistics show that there are about 17.7m Micro, Small and Medium Enterprises (MSME) in Nigeria today. If we could help each of them to build sufficient capacity to employ one more person, we shall create 17.7million additional jobs, enough to absorb all the 16 million unemployed youths in Nigeria with a generous surplus to spare”.
Having launched three successful cloud products, Okere, who was a panelist on the SME Summit of the WEF Africa at Abuja alongside Sunil Bharti, Founder & Chairman Bharti Industries and Head of ICT, WEF USA, and Omobola Johnson, Minister of Communication Technology expressed confidence that the model is sustainable, repeatable and scalable, and above all a social impact investment initiative directed towards empowering the African Entrepreneur.
The stellar performance of CWG has been rewarded by her peers and regulators with numerous awards including; ICT Solutions Provider of the year, ICT Company of the year, and the CEO named ICT Personality of the year for two consecutive years.
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Posted by Sisi Yemmie at Tuesday, May 20, 2014