The managing director/CEO, Fidelity Bank Plc, Nneka Onyeali-Ikpe and managing director, Guaranty Trust Bank, Miriam Olusanya, have made the top 10 2023 Definitive List of women CEOs list.
The list is based on data-driven research. Sponsored by Standard Bank Group, it represents one of the first analyses of the performance of publicly listed companies in Africa conducted through a gender lens.
The third annual Africa.com Definitive List of Women Chief Executive Officers (CEOs) was revealed on April 19 and this year’s list of 93 women represents 17 countries who have qualified based on either large-scale revenue or large-scale market capitalisation.
Africa.com analysed 2,020 companies listed on the 24 African stock exchanges. Of the 2,020 companies, Africa.com screened for those companies with revenue of $100 million or more, or a market cap of $150 million or more, which yielded a list of 787 companies.
In a release by Africa.com said: “the public websites of all 787 companies were examined to identify female C-suite executives. The team then researched each woman to determine those who have a title of chief executive officer or managing director or president and conducted a review to confirm that these executives have bottom line, profit and loss responsibility for the companies. This resulted in 40 women CEOs on group one.
“The methodology for group two evaluated the divisions of the 787 companies, such that the divisions themselves have standalone revenue of $100 million or more. The women running these divisions must have a title that clearly demonstrates that they are the chief executive with profit and loss responsibility for the division. This analysis yielded 28 women division heads.
“Group three started with an analysis of global corporations with revenue over $10 billion who have operations in one or more countries on the African continent.
“The regional heads of these companies were analysed to identify women executives for an Africa region or an African country, with profit and loss responsibility for the country or region.
“The three groups make up the final Definitive List of 93 women listed below. The 40 women from Group one are: Natascha Viljoen, CEO, Anglo American Plc, a company listed on Johannesburg Stock Exchange; Nompumelelo Zikalala, CEO, Kumba Iron Ore, also listed on Johannesburg Stock Exchange. Others are: Mpumi Madisa, CEO, Bidvest Group, a Johannesburg Stock Exchange listed company; Bertina Engelbrecht, CEO, Clicks Group, also listed on Johannesburg Stock Exchange.”
It added that “also, on the top 10 list include Nombasa Tsengwa, CEO, Exxaro Resources, listed on the Johannesburg Stock Exchange; Albertinah Kekana, CEO, Royal Bafokeng Holdings, listed on the Johannesburg Stock Exchange; Jane Karuku, Group managing director & CEO, East African Breweries, listed on Nairobi Stock Exchange; Ntombi Felicia Msiza, CEO, Raubex Group, listed on the Johannesburg Stock Exchange.”
Africa.com is a media holding company with an extensive array of platforms that reach a global audience interested in African content and community.
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