HomeRegional NewsAfricaAzuri Technologies ranked as one of the fastest growing companies in Europe

Azuri Technologies ranked as one of the fastest growing companies in Europe

Pay-as-you-go solar home solutions provider for off-grid Africa, Azuri Technologies, has been ranked the 370th fastest growing company in Europe by the Financial Times in their annually compiled FT1000 list.

Read more: Transforming lives with solar tv

The ranking is based upon annual growth rate in revenue between 2015 and 2018 and those that make the list are considered to be at the forefront of business and innovation. Azuri ranked 370 on the list, having achieved a 460% revenue growth during the four-year period. This is the second consecutive year the company has been ranked in the FT1000.

Azuri was the only off-grid solar company listed and the company’s growth can be attributed to the need for affordable, off-grid energy solutions in sub-Saharan Africa. This is a region where 600 million people lack access to reliable energy services and modern devices.

“[…] The FT1000 results show that innovative technology solutions can thrive while also making a difference to the lives of millions,” commented Simon Bransfield-Garth, CEO of Azuri Technologies.

Read more: Off-Grid Solar energy sector ready to step up efforts towards sustainable energy

Azuri has coupled off-grid solar with energy-efficient smart TVs, rechargeable radios, satellite entertainment, internet access and a range of other appliances and services to bring modern digital technology to off-grid households.

Get involved in discussions around investing in African power and energy and more at the African Utility Week and POWERGEN Africa conference. Click here to register to attend or for more information about the event.

Ashley Theron
Ashley Theron-Ord is based in Cape Town, South Africa at Clarion Events-Africa. She is the Senior Content Producer across media brands including ESI Africa, Smart Energy International, Power Engineering International and Mining Review Africa.