Regioinal Corporate Champions Index
WHO ARE REGIONAL CORPORATE CHAMPIONS?
African Regional Champions are Corporations with a turnover of up to US$80 billion. They are have an international footprint, have an average growth rate of 13-25 per cent annually and have solid international ambitions. Their productivity reaches a CAGR of 2.8 per cent (more than Europe’s 1 per cent and 1.5 per cent for the United States). Most importantly, they focus on uplifitng the societies in which they operate, and encourage others to do the same.
WHAT IS EXPECTED FROM THEM?
- Statistics continue to illuminate the level of inequality on the African continent.
- The other tendency is the fact that corporation are more appreciated for their wealth maximization instead of business ethic s and values.
- Most corporations tend to import a lot instead of creating/purchasing locally in order to create more jobs and allow SME’s to grow.
Therefore, under the umbrella of Inclusive Growth, Vision Africa 2.0 suggest that Regional corporate Champion should be acknowledged not only for their profitability, but also for their abilities to uplift the standard of companies and create awareness about Doing Well and Doing Good.
WHY A REGIONAL CHAMPION INDEX?
All countries on the continent have regional corporate champions who are innovating new approaches to solving problems, creating wealth and ensuring food security, etc. Africa 2.0 has come up with a report which is to be published yearly, that will record performances of those identified as regional champions and which will be used to.
In this perspective, the Africa 2.0 Regional Champion Index has been created with the aim of pin-pointing social, corporate or public sector organizations doing things right in the nine areas designated as indicators.
|CORPORATE SOCIAL RESPONSABILITY
||Community health, education, safety and security. Resource efficiency, pollution, prevention, labor and working conditions
||Accountability and transparency through reporting, business ethics, governance structure. Women on board.
|SUPPLY CHAIN LINKAGES
||Financial empowerment of farmers, SME’s and communities
|DIVERSITY AND INCLUSION
||Inclusion of women, people with disabilities, minorities and youth
||New product/service, market transformation, easy replication
|THOUGHT LEADERSHIP/ KNOWLEDGE MANAGEMENT
||Publications research, dissemination of lessons learnt. Links with knowledge centers and academics
||The company must have grown by 10% at least each of the 3 previous years (A Champion needs to play a critical role in the development of the continent in creating also wealth)
||The company must have / promote African ownership (35% minimum of the shares must belong to Africans).
||Top 10- The company must be in the Top 10 of its category within the sector (capacity to challenge its market)
To provide capacity for Regional Champions to replicate their successes in African countries that promises the highest impact in:
(1) Uplifting Africans,
(2) Creating and Sharing the Wealth,
(3) Upgrading Infrastructure,
(4) Creating an enabling environment for Growth.
- To indicate the areas receiving most attention by various organizations and also identify areas that may need more replication across the continent to achieve inclusive growth across the continent.
- To be an indicator of new challenges to be embraced by regional champion through competitiveness focused on high socio-economic impact and sustained growth
- To provide indices which are to be used extensively by a range of investors such as consultants, asset owners, fund managers, investment banks, stock exchanges and brokers
- Obtain support from other pan African organizations and corporate to replicate the good performance on the six criteria on around the continent.
- Be acknowledged as an organization which excels in developing its markets along with its business ethics- Become a symbol of corporate excellence.
- CREDIBILITY—EXPOSURE—COMPETITIVENESS Global networking and business opportunities
- Set standards for best practices
- Select sectors and countries § Identify companies and entrepreneurs through Africa 2.0 network, Magazines, Chamber of commerce, Top audit and consulting firms.
- First screening process through a grid of criteria § Survey (Employers / Employees / Shareholders / Other stakeholders & Scoring)
- Get data based on Africa 2.0′s 9 indicators from the sources that PWC/EY/KPMG know and share with Africa 2.0 RCI panel
- Africa 2.0 RCI team puts together the case studies for these candidates and adds any more information before publishing on the RCI web page (Our own data providers needed?)
- 300+ emerging leaders comment on the case studies and give a personal opinion based on their interaction with the companies.
- They vote. It would be a member’s only vote. It would have less weight.
- RCI panel decides the winners based on both hard facts (PWC/KPMG/EY) and soft data (300+ leader testimonials)
- The RCI list is published. A magazine with the case studies is published and any necessary videos are done through Africa 2.0 media partners.
- AFDB is invited to help replicate the winning RC in another country.
- End of cycle BUT CONTINUED compilation of case studies of RC data in partnership with Africa 2.0 RCI panel and PWC /EY/KPMG throughout the year.
- Best Champions Entrepreneurs Turnover less than 1 M$
- Best small Champions Turnover over 1 M$ and less than 5 M$
- Best Medium Champions Turnover over 5 M$ and less than 20 M$
- Best big Champions Turnover over 20 M$ and less than 100 M$
- Best largest Champions Turnover over 100 M$ and less than 500 M$
- Best Global African Champions Turnover over 500 M$
- Candidates will be identified through a large network, under stewardship from the Africa 2.0 Regional Champions Index panel.
- The proposed champions will be profiled and a score given to them.
- The Africa 2.0 Regional Champions Index will be published via all available forms of media.
- The Africa 2.0 Regional Champions Index panel will then approach various stakeholders with the aim of receiving commitments to replicate the successes of the various regional champions in partnership with these champions to places across the continent that need these innovations. This may have to take a commercial scale both for the regional champions and the stakeholders so that there is adequate incentive, sustainability and wealth creation.
- By sector and country & Country