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Latest News |
NWSC voted the Best Public Sector Utility Company in East Africa
Posted
on 2009-02-01
Survey conducted by Pricewaterhouse Coopers and the Nation Media Group 2007.
East
African’s most respective company: Recognition by peers is a fitting
tribute to East Africa’s fastest-growing and most profitable firm.
East Africa's most profitable company, Safaricom Ltd, has been voted
the Most Respected Company of the year by its peers in the region,
knocking national carrier Kenya Airways off the perch it occupied in
2005 and 2006.
For Safaricom and its chief executive Michael Joseph, the award,
presented at a colourful gala event at the Kempinski Hotel in Dar es
Salaam last Saturday night, was the icing on the cake. Not only is the
mobile telephone company about to launch the largest initial public
offer ever in sub-Saharan African history; in June, it announced a
humongous Ksh17.19 billion ($256.5 million) profit.
In the country awards category, Safaricom again took the top billing,
with another mobile telephone operator - MTN of Uganda and beer maker
Tanzania Breweries Ltd topping their respective countries.
But there was some consolation for Kenya Airways, as it led the
Services category, where the runner-up is Kenya's retail supermarket
giant Nakumatt Holdings Ltd, with Aga Khan Hospitals coming in third.
In the financial sector, Barclays took the crown, with Standard
Chartered and Stanbic Bank Uganda coming second and third. In
Agriculture, horticulture giant Home grown Ltd emerged on top, with
sugar miller Mumias and Unilever Tea following.
The new category of Public Sector Entities was won by Uganda's National
Water and Sewerage Corporation, with Kenya and Tanzania's revenue
authorities coming second and third.
Safaricom Ltd has finally received the recognition it has long sought
by being named the Most Respected Company in East Africa this year by
its peers, knocking two-time winner Kenya Airways from its perch. This
year's winners were announced during a colourful gala night at the
Kempinski Hotel in Dar es Salaam on Saturday.
Safaricom, the largest cell-phone firm in East Africa, is also the
region's most profitable company, with current pre-tax profit standing
at Ksh17 billion ($256.5 million). Apart from taking the overall top
billing, Safaricom is Kenya’s most respected company in the Country
category, which was introduced last year.
Another mobile telephone operator, MTN Uganda, took the honours in
Uganda, with Tanzania Breweries taking the crown in Tanzania.
Safaricom's record in the mobile telecommunication sector has been
nothing short of remarkable. In June this year, it scored another first
when it announced a pre-tax profit of Ksh17.19 billion ($256.5
million), the largest in the region's corporate history.
In the Agriculture category, big names stole the show, with
horticulture exporter Homegrown Ltd taking the trophy for the fourth
year in a row followed by miller Mumi as Sugar and multinational
Unilever Ltd.
Homegrown, formerly a wholly-owned subsidiary of Flamingo Holdings, was
early this year acquired by the multinational James Finlay, but
continues to trade under its old name. Unilever Ltd is a manufacturer
of leading brands in the foods, home and personal care sectors. Its
subsidiary, Unilever Tea, is the third top tea company in the world.
In the financial sector Barclays Bank, Kenya's largest bank by assets,
took the lead, with Standard Chartered Bank and Stanbic Uganda coming
in second and third respectively. A bond recently issued by Barclays is
doing exception- ally well in the Kenya market, having been snapped up
in 10 days and bringing in Ksh1 billion ($14.9 million).
In the Hotels and Tourism category, regional hotel chain Serena Group
retained its first position with Kempinski Hotel, which is expanding
its facilities, taking the second position. The third position went to
another Kenyan-based hotel giant, Sarova Group.
East African Breweries, which was the first winner when the survey was
introduced in 2000, and lifted the trophy a record five times, took the
crown in the Manufacturers category, with Bidco and Unilever Ltd in
second and third place. But there was some consolation for Kenya
Airways, as it led the Services category, a position it had
continuously won until 2005, when it toppled East African Breweries to
become the most respected company.
The runner-up is Kenya's retail supermarket giant Nakumatt Holdings
Ltd. Nakumatt has consistently bagged the top slot in this category
before it was edged out by Kenya Airways this year. The Aga Khan
Hospitals, which are affiliated with the Nairobi-based Aga Khan
University Hospital, took the third position in the services category.
In the newly created Public Sector category, the National Water Corporation of Uganda is the winner.
In the Telecommunications and ICT category, formerly the preserve of
the current overall winners Safaricom, Celtel Tanzania is the most
respected, followed by MTN Uganda and Celtel Uganda.
In the newly-created Public Sector Entities category, the National
Water and Sewerage Corporation of Uganda is the winner, followed by
Kenya and Tanzania's revenue authorities, which took the second and
third positions respectively.
Now in its eighth year, the survey is conducted by
PriceWaterhouseCoopers and the Nation Media Group. |
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Copyright © 2008, National Water & Sewerage Corporation | Plot 39, Jinja Road, P.O. Box 7053 Kampala, Uganda
Tel: (+) 256 414 315100 / 0312 260 414/5, Fax: (+) 256 414 258 299 / 345 531, E-mail: info@nwsc.co.ug |
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