By Elijah Odhiambo
East African Breweries Group Managing Director and CEO, Jane Karuku, has been named
among the top ten 2023 Definitive List of Women CEOs, ranked 8th out of 93 women CEOs.
The third annual Africa.com Definitive List of Women CEOs, sponsored by Standard Bank Group, was revealed on April 19, 2023 during a virtual event.
Teresa Clarke, Chair of Africa.com speaking during the event said the list represents 17 countries who have qualified based on either large scale revenue or large scale market capitalization.
“This year’s list of 93 women represents 17 countries who have qualified based on either large scale revenue or large scale market capitalization. The list includes 40 women from South Africa, 12 from Nigeria, and 6 from Egypt, Ghana and Kenya respectively,” Clarke said. How the Definitive list was made Africa.com analyzed 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 USD or more, which yielded a list of 787 companies.
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 is identical to the methodology for Group 1, except that the entities evaluated were the divisions of the 787 companies, such that the divisions themselves have standalone revenue of $100 million USD 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 USD who have operations in one or more countries on the African continent. The regional heads of these companies were analyzed to identify women executives for an Africa region or an African country, with profit and loss responsibility for the country or region. This analysis yielded 25 women.
Women in this group are ranked by prioritizing those who run the Africa region ahead of those who run a single African country.
The three groups make up the final Definitive List of 93 women.
Top 10 2023 Definitive List of Women CEOs:
1. Natascha Viljoen, CEO, Anglo American Plc
2. Nompumelelo Zikalala, CEO, Kumba Iron Ore Ltd
3. Mpumi Madisa, CEO, Bidvest Group
4. Bertina Engelbrecht, CEO, Clicks Group Ltd
5. Dr. Nombasa Tsengwa, CEO, Exxaro Resources
6.ku, Group Managing Director & CEO, East African Breweries
9. Ntombi Felicia Msiza, CEO, Raubex Group Ltd
10. Nneka Onyeali-Ikpe, Managing Director & CEO, Fidelity Bank
