BHM CEO Calls for More Global-Scale Companies in Nigeria and Africa

Ayeni Adekunle, the CEO of BHM Holdings, believes that Africa’s economic growth will rely on creating companies that can compete on a global level. He shared these views during the Africa Breakfast Convos (ABC) 2026 event in New York, held alongside the 81st United Nations General Assembly.

Adekunle pointed out that Nigeria and other African nations have the potential to develop businesses that can thrive internationally. He stated that Africa’s long-term economic future depends not just on market size but also on the ability of its businesses to serve and expand beyond their local markets.

He expressed optimism about the future, saying, “Imagine what is possible if we build 10 or 20 global companies out of Nigeria.” Despite the challenges faced by Nigeria and other African countries, he believes that focusing on possibilities can lead to significant change over the next few decades.

During the event, participants discussed the growth of African businesses in sectors like financial technology, telecommunications, and energy. Companies such as Flutterwave and Jumia have already expanded their operations across multiple African countries, showcasing the potential for regional and international growth.

The conversation also highlighted the need for more African businesses to move beyond regional markets and compete globally. Adekunle stressed that access to larger markets is crucial for achieving this goal. The African Continental Free Trade Area (AfCFTA) aims to create a single market for goods and services, which could help businesses reach more customers by easing trade barriers.

Adekunle concluded that building companies capable of serving multiple African markets and competing internationally will require dedication from business founders, investors, and institutions. He believes that Africa’s next growth story should focus on transforming its market potential into successful global enterprises.