Jospong Group
| Company type | Private Conglomerate |
|---|---|
| Industry | Investments |
| Founded | 1995 |
| Headquarters | Accra, Ghana |
Key people | Joseph Siaw Agyepong Executive Chairman |
| Products | ICT, sanitation, insurance, banking, real estate, domestic services, manufacturing, construction, automobile sales, logistics, agriculture, agro-processing etc. |
| Website | Homepage |
The Jospong Group of Companies, commonly referred to as the Jospong Group, is a privately owned conglomerate in Ghana. Joseph Siaw Agyepong, a Ghanaian businessman, is the founder of the group and is a shareholder in each of the companies in the Group. He serves as the executive chairman of the group.[1][2]
Overview[edit]
As of May 2024, Jospong Group is a "diversified holding company", with active subsidiaries in Africa and Asia. The group has interests in at least 14 economic sectors with majority of activity in waste management.[1]
With over 60 subsidiary companies, the group subsidiaries are grouped into five clusters. The group's business affairs are controlled by an Apex Board. Each of the five business clusters are overseen by a Chief Operating Officer (COO), with an Apex COO overseeing all five clusters.[1]
History[edit]
The group started as a printing press circa 1995, according to Ghanaian sources.[1] Zoomlion Ghana Limited, which initially focused on waste management services, is one of the earlier companies to be established. The group continued to diversify and as of March 2024 it comprised over 60 diverse companies. The group's businesses include waste management, construction, real estate, logistics, finance, and manufacturing among others.[3]
Jospong Group clusters[edit]
Administratively, the group's businesses are grouped into the following five clusters:[1]
- Environment and Sanitation
This is the largest cluster, accounting for 60 percent of the group's operations.[1]
- Commercial and Allied Services
This is the second-largest cluster and is responsible for 16 percent of group profits.[1]
- Technical and Logistics
This cluster comprises 13 subsidiary companies as of February 2023.[1]
- Information and Communication Technology
The subsidiary companies in this cluster include (a) Melchia Investment Centers (b) Subah Infosolution (c) DocuPro and (d) Data Bank.[1]
- Financial Services
The Jospong Group is an investor in OmniBSIC Bank, Millenium Insurance, Cosmopolitan Insurance, Union Capital and two other financial services companies.[1]
Developments[edit]
Waste management[edit]
In February 2024, the Lagos State government signed a memorandum of understanding (MOU) with the Jospong Group for the latter to handle the solid and fluid waste generated in the state. Lagos State, with a population of approximately 17.6 million inhabitants generates an estimated 13,000 tonnes of solid and liquid waste everyday according to the Lagos Waste Management Agency (Lawma).[4][5]
The specific improvements to be executed include:[4][5]
- Establishment of a "materials recovery facility" to reduce "waste disposal volume" and downstream pressure at landfills
- Establishment of "mobile transfer loading stations" to replace stationary plants and reduce waste at markets
- Repurposing of the current Olusosun Landfill
- Supply of self-tipping tricycles to augment transfer and loading station operations
- Establishing a "plastic recycling plant" and "plastic bin manufacturing facility" as well as streamlining recycling activities in the state.[4][5]
Automobile distributorship[edit]
In March 2024, Jospong Group signed an agreement with VinFast, a Vietnamese manufacturer of electric automobiles, assigning Jospong as the exclusive distributer of those vehicles in Ghana and West Africa.[6]
Jospong Internship Program[edit]
The group, together with Harvard University conduct a summer program referred to as the "Jospong Internship Program", lasting eight weeks from early June until early August. The competitive program is open to Harvard undergraduates in either Year 3 (Juniors) or Year 4 (Seniors). The internship covers airfare, ground transportation, accommodation in a hotel, in-house breakfast and a stipend. Each intern is attached to a company in the group in any of the following sectors, in or near Accra, Ghana: waste management, banking and finance, information and communications technology, and mining. Five to seven positions are available annually.[7]
See also[edit]
References[edit]
- ^ a b c d e f g h i j TBFT (13 February 2023). "OutstandingBrands23: Jospong Group of Companies—innovative businesses that provide quality and value". Business and Financial Times (TBFT). Accra, Ghana. Retrieved 12 March 2024.
- ^ GhanaWeb (2024). "Joseph Siaw Agyapong". GhanaWeb. Accra, Ghana. Retrieved 12 March 2024.
- ^ "A Visionary Journey: The story of Jospong Group of Companies". Ghanaremembers.com. Accra Ghana. 12 March 2024. Retrieved 12 March 2024.
- ^ a b c Inès Magoum (28 February 2024). "Nigeria: Ghanaian Jospong wins waste management contract in Lagos". Afrik21.afrik. Paris, France. Retrieved 12 March 2024.
- ^ a b c Malik Sulemana (27 February 2024). "Jospong breaks into Africa …signs landmark deal to build waste management plants in Lagos state, Nigeria". Ghana Times. Accra, Ghana.
- ^ Effah Evans (19 March 2024). "Jospong Group and VinFast partner to spark electric vehicle revolution in West Africa". Pulse Ghana. Accra, Ghana. Retrieved 31 March 2024.
- ^ "Jospong Internship Program". Harvard University. Cambridge, Massachusetts, United States. 12 March 2024. Retrieved 12 March 2024.
External links[edit]