Frost & Sullivan holds tenth annual African Best Practices award ceremony

Global growth partnership consultancy Forst & Sullivan held the tenth edition of its annual Growth, Innovation and Leadership African Best Practices Awards in Cape Town this Week. The awards were organised in collaboration with the Public Investment Corporation and Arkadin, and saw representation from Tanzania, Nigeria and a number of others among the winners.

Each year, Frost & Sullivan holds its Best Practices Awards to applaud firms across the world that have demonstrated excellence in a range of domains, including superior leadership, technological innovation, customer service and strategic product development, among a range of others.

Recipients of the awards are selected by a dedicated team of analysts within the consulting firm, which not only conducts in-depth secondary research across industries, but also engages in primary research through interviews with market participants. The team examines the data to obtain an industry benchmark, based on which best practices are identified.

The objective of the awards, according to the firm, is to promote excellence and innovation in markets across the world through recognition. Frost & Sullivan’s Africa Best Practices award ceremony was held this week in Cape Town, and awards were presented to firms from across the continent.

The event began with a presentation from Frost & Sullivan Partner and African Operations Director Hendrik Malan, who offered insights on Global Mega Trends. A talk from the Head of Research at the Public Investment Corporation Sholto Dolamo followed, focusing on the importance of innovation and supporting startups.

Categories at the ceremony included Energy & Environment, Transformational Health, Digital Transformation and Mobility, among others. A number of the recipients were from South Africa, although there was some representation from other regions as well, particularly the economically lucrative region of East Africa.

Some prominent firms to receive awards include Rift Valley Energy Tanzania, which received a Competitive Strategy Innovation and Leadership award, as did Nigerian pharmaceutical production and distribution firm Fidson healthcare.