New Deloitte Programme to award African tech companies

Deloitte has launched a competition, Deloitte Technology Fast50 Africa Programme, to recognise and award African technology companies that have achieved the fastest rates of revenue growth in the past five years.

The ranking features technology companies who consistently demonstrate business growth. It is open to companies run and majority-owned by African citizens who have base operating revenues of at least $70,000 and current year operating revenues of at least $500,000. The companies must be headquartered on the continent, and operational for a minimum of five years.

In addition, companies who wish to enter have to meet the following definitions and requirements:

It must be a technology company that:

Develops or owns proprietary technology that contributes to a significant portion of the company's operating revenues; or
Manufactures a technology-related product; or
Devotes a high percentage of effort to research and development of technology.
Uses global or local technology to build an innovative and sustainable technology business.

Participants can be public or private- and encompass all technology industry segments including:

Biotech/Pharmaceutical/Medical Equipment
Telecommunications/Networking/Internet
Computers/Peripherals
Semiconductors/Components/Electronics
Media and Entertainment
Software
Green tech

"We at Deloitte want to reward companies who have achieved the status of high growth leaders because they have demonstrated innovative strategies, sound management and marketplace vision," says Kamal Ramsingh, Technology Leader, Africa at Deloitte.

Winners of the Deloitte Technology Fast50 Africa are eligible for the Deloitte Technology Fast50 EMEA which ranks the fastest growing technology companies in Europe, the Middle East and Africa.

For more, go to: www.fast50africa.com.