Lagos Deep Offshore Logistic Base, LADOL, has been selected by the London
Stock Exchange (LSE) as one of its companies to inspire in Africa in 2019.
Stock Exchange (LSE) as one of its companies to inspire in Africa in 2019.
The report by the LSE was launched on Wednesday at the opening of
the market in London at the LSE.
the market in London at the LSE.
This is the second edition of the prestigious report
which identifies Africa’s most inspirational and dynamic private, high-growth
companies. The report aims to give these companies global recognition and
attract foreign investment into the continent.
which identifies Africa’s most inspirational and dynamic private, high-growth
companies. The report aims to give these companies global recognition and
attract foreign investment into the continent.
Managing Director of LADOL, Dr. Amy Jadesimi, said:
“LADOL is honoured to be included in London Stock Exchange’s (LSE) list of
Companies to Inspire Africa. We thank the entire LSE team for all their hard
work in complying the report and today’s launch, at which I was proud to be
invited to speak.
“LADOL is honoured to be included in London Stock Exchange’s (LSE) list of
Companies to Inspire Africa. We thank the entire LSE team for all their hard
work in complying the report and today’s launch, at which I was proud to be
invited to speak.
“LSE’s high-profile focus on real indigenous private
sector companies across the African continent is an important step in
highlighting the fact that Africa is already home to a thriving and growing
number of leading companies.
sector companies across the African continent is an important step in
highlighting the fact that Africa is already home to a thriving and growing
number of leading companies.
“The broad range of companies represented show how shallow investment
understanding of our currently markets is and how many opportunities there are
for investment today. We look forward to working with the LSE and cooperating
with the other indigenous companies highlighted.”
understanding of our currently markets is and how many opportunities there are
for investment today. We look forward to working with the LSE and cooperating
with the other indigenous companies highlighted.”
She explained that investment in Africa is about the
market case, noting that instead of eking out low returns from investments in
developed markets, international investors should focus on the many hugely
lucrative market opportunities across Africa.
market case, noting that instead of eking out low returns from investments in
developed markets, international investors should focus on the many hugely
lucrative market opportunities across Africa.
“Investing in Africa requires a seismic change in
investment strategy – international investors that want to remain relevant and
viable need to immediately invest in new diverse teams and new financial
instruments that will enable them to invest in Africa. Teams that use outdated
and inappropriate bankability definitions will continue to struggle to tap into
this highly lucrative market.”
investment strategy – international investors that want to remain relevant and
viable need to immediately invest in new diverse teams and new financial
instruments that will enable them to invest in Africa. Teams that use outdated
and inappropriate bankability definitions will continue to struggle to tap into
this highly lucrative market.”
“Operating out of LADOL saves IOCs 50% on their costs
in deep offshore logistics, saving billions of USD each year. This compelling
value proposition was well known for over decade and a half, yet today LADOL is
the only deep offshore support base in Lagos. A clear example of how
international investors are missing out on billion dollar investment
opportunities by not investing in market case-based business models in Africa,”
Dr. Amy said.
in deep offshore logistics, saving billions of USD each year. This compelling
value proposition was well known for over decade and a half, yet today LADOL is
the only deep offshore support base in Lagos. A clear example of how
international investors are missing out on billion dollar investment
opportunities by not investing in market case-based business models in Africa,”
Dr. Amy said.
Commenting on 2019 report, LSE CEO, David Schwimmer said: “London Stock
Exchange Group’s ‘Companies to Inspire Africa’ report showcases inspirational
and entrepreneurial businesses from across the African continent, representing
a wide variety of industries and countries. It is particularly encouraging to
see the increasing influence of women in leadership roles in these fast-growing
companies, playing a pivotal role in shaping the future of African business.
“These high growth companies have the potential to
transform the African economy and become tomorrow’s job creators. At LSEG, we
are committed to helping companies realise that potential and we are pleased to
highlight and celebrate the company success stories behind one of the world’s
fastest growing markets.”
transform the African economy and become tomorrow’s job creators. At LSEG, we
are committed to helping companies realise that potential and we are pleased to
highlight and celebrate the company success stories behind one of the world’s
fastest growing markets.”
Uyi Akpata, West Africa Regional Senior Partner, PwC,
said: “Initiatives such as this help expose these companies to a global
audience, and we hope will lead to further collaboration across border with
London-based investors and strategic partners. It is also great to see the
public sector represented here. It is an important testament to their
commitment to supporting the private sector and continuing to drive
improvements in ease of doing business.”
said: “Initiatives such as this help expose these companies to a global
audience, and we hope will lead to further collaboration across border with
London-based investors and strategic partners. It is also great to see the
public sector represented here. It is an important testament to their
commitment to supporting the private sector and continuing to drive
improvements in ease of doing business.”
