TRANSCORP PLC LISTED ON AFRICA REPORT’S TOP 500 AFRICAN COMPANIES FOR THE 2NDCONSECUTIVE YEAR
Nigeria’s leading conglomerate, Transcorp Plc, has been listed for the 2nd consecutive year in Africa Report’s 2018 edition of the Top 500 Companies in Africa. Transcorp moved up 36 spots from last year’s position to secure a place on the list of prestigious companies operating in Africa’s key business sectors.
Every year, Africa Report, a top news magazine publication owned by Paris-based media group, Jeune Afrique, releases a list of top 500 companies. The ranking is based on each company’s total turnover as well as net profits of the previous year. Companies on the list operate in diverse sectors including petroleum, retail, media, among others.
Transcorp is a leading diversified conglomerate with a 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 and Hospitality.
Incorporated on November 16, 2004 and quoted on the Nigerian Stock Exchange, Transcorp has a shareholder base of about 300,000 investors. 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.