ADVERTISEMENT
TechEconomy
Thursday, June 5, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » 21 Nigerian Companies among 75 Africa’s Fastest Growing Companies in FT Ranking 2022

21 Nigerian Companies among 75 Africa’s Fastest Growing Companies in FT Ranking 2022

Joan Aimuengheuwa by Joan Aimuengheuwa
May 4, 2022
in StartUPs
1

RelatedPosts

Mobile Commerce: Samsung Partners Glance to Launch AI Shopping Experience

Mobile Commerce: Samsung Partners Glance to Launch AI Shopping Experience

June 4, 2025

Thunder Code: African Founders Behind $120M Exit Return with $9M AI Testing Startup

June 4, 2025

Having released its inaugural annual ranking of Africa’s Fastest Growing Companies, Financial Times’ report provides a solid glimpse at the African corporate landscape, with technology, fintech and support-service businesses adapting to a radically altered environment.

In the report, South Africa had the most companies followed by Nigeria, Kenya and Egypt. The companies were ranked by their absolute growth rate, compound annual growth rate (CAGR) and revenue, showing 2017 and 2020 revenues in millions.

FT Ranking -- Africa’s Fastest Growing Companies 2022
Advertisements
MTN ADS
FT Ranking 2022 Africa’s Fastest Growing Companies

The Nigerian companies among FT Ranking of Africa’s Fastest Growing Companies 2022 include:

  1. AFEX Commodities Exchange Ltd.: AFEX is an agricultural commodities company with an absolute growth rate of 4289.8% and compound annual growth rate (CAGR) of 252.8% founded in 2014. The company made $31.7 million in revenue in 2020, compared to $0.8 million in 2017.     
  1. Zedcrest Capital Ltd.: Founded in 2013, Zedcrest is a Financial Services company with an absolute growth rate of 1481.8% and a CAGR of 151.0%. The company had revenue of $43.5 million in 2020 compared to $3.2 million in 2017.
  1. Starsight Power Utility Ltd.: Founded in 2015, Starsight is an energy-focused company which has an absolute growth rate of 1154.4% and a CAGR of 132.4%. The company made $8.9 million in revenue for the year 2020, compared to $0.8 million in 2017.
  1. Kawai Technologies Ltd.: The support services company has an absolute growth rate of 535.7% and a CAGR of 85.2%. In revenues, the company made $4.9 million compared to $0.9 million in 2017.
  1. West African Soy Industries Ltd.: Focusing on agricultural commodities, WASIL has an absolute growth rate of 507.7% and a CAGR of 82.5%. The company, founded in 2015, made $116.5 revenue in 2020 compared to $22.5 million in 2017.
  1. Comercio Partners Ltd.: A Financial Services company founded in 2016, Comercio has an absolute growth rate of 232.4% and a CAGR of 49.2%. The company made $3.6 million revenue in 2020 compared to $1.1 million in 2017.
  1. Alpha Morgan Capital Managers Ltd.: Also a Financial Services with an absolute growth rate of 196.3% and a CAGR of 43.6%, Alpha Morgan, founded in 2012, made $3.1 million revenue in 2020, compared to $1.1 million in 2017.   
  1. WACOT Rice Ltd.: is an Agricultural Commodities company founded in 2014. The company has an absolute growth rate of 187.8% and CAGR of 42.2%. In 2020, WACOT made $73.1 million revenue compared to $29.8 million in 2017.  
  1. Field Intelligence, Inc.: Health company with 178.7% absolute growth rate and a CAGR of 40.7%. Founded in 2015, the company made $1.7 million in 2020, compared to $0.6 million in 2017.
  1. Tripple Gee & Co. Plc: Having been in operation since 1980, Tripple Gee is a support services company with an absolute growth rate of 170.1% and a CAGR of 39.3%. The company made $5.6 million revenue in 2020 compared to $2.4 million in 2017.
  1. IHS Nigeria: The telecoms company, founded in 2001, has an absolute growth rate of 160.6% and a CAGR of 37.6%. In 2020, it had revenue of $1,037.6 million, far beyond its $398.1 million in 2017.   
  1. FoodCo Nigeria Ltd.: A retail company with absolute growth rate of 144.9% and CAGR of 34.8%, FoodCo made $17.7 million revenue in 2020 compared to $8.5 million in 2017.   
  1. Global Accelerex Ltd.: Fintech company with 121.0% absolute growth rate and CAGR of 30.3%, Global Accelerex was founded in 2013 and made revenue of $16.8 million in 2020, compared to $8.9 million in 2017.
  1. Prestige Assurance Co. Plc: Prestige Assurance is an insurance company with absolute growth rate of 84.0% and CAGR of 22.5%. The company made $19.5 million in 2020, compared to $12.5 million in 2017.
  1. Julius Berger Nigeria Plc: Julius Berger is a Construction company with an absolute growth rate of 70.4% and a CAGR of 19.4%. The company made $673.1 million revenue in 2020, compared to $464.0 million in 2017.
  1. Genesis Food Nigeria Ltd.: The restaurants-focused company has an absolute growth rate of 54.1% and CAGR of 15.5%. The company made revenue of $24.4 million in 2020 compared to $18.6 million in 2017.
  1. Courteville Business Solutions Plc: Courteville is a technology company with absolute growth rate of 50.8% and CAGR of 14.7%. The company made $4.7 million in 2020, compared to $3.7 million in 2017.
  1. RT Briscoe Plc: An Automobiles company with absolute growth rate of 48.0% and CAGR of    14.0%. In revenue, Briscoe made $18.0 million in 2020, compared to $14.3 million in 2017.
  1. Mutual Benefits Assurance Plc: The insurance company has an absolute growth rate of 45.5% and CAGR of 13.3%. In 2020, it made revenue of $54.1 million, compared to $43.7 million in 2017.
  1. United Capital Plc: United Capital is a Financial Services company with an absolute growth rate of 44.4% and a CAGR of 13.0%. Compared to 2017, where it made revenue of $29.2 million, the company had $35.8 million in 2020.
  1. Northern Nigeria Flour Mills Plc: A Food & Beverage, NNFM has an absolute growth rate of 42.2% and a CAGR of 12.4%. The company made $2,148.1 million in total revenue for 2020, compared to $1,774.6 million in 2017.

Loading

Author

  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

    View all posts
0Shares
Tags: AFEX Commodities Exchange Ltd.Africa’s Fastest Growing Companies 2022Financial TimesJulius Berger Nigeria PlcZedcrest Capital Ltd.
Previous Post

NECLive9: Growth Of Nigerian Music, Movie, Fashion Should Benefit Local Economy – Ayeni Adekunle

Next Post

Trucks Transit Parks Launches Tafiyah to Accelerate Cargo Movement in Nigeria

Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Related Posts

Mobile Commerce: Samsung Partners Glance to Launch AI Shopping Experience
StartUPs

Mobile Commerce: Samsung Partners Glance to Launch AI Shopping Experience

by Joan Aimuengheuwa
June 4, 2025
0

Glance, the consumer technology company backed by Google has launched an integrated lock screen version of Glance AI, an AI...

Read more
Thunder Code: African Founders Behind $120M Exit Return with $9M AI Testing Startup

Thunder Code: African Founders Behind $120M Exit Return with $9M AI Testing Startup

June 4, 2025
Moniepoint to Acquire 78% of Kenya’s Sumac Bank After Regulatory Approval

Moniepoint to Acquire 78% of Kenya’s Sumac Bank After Regulatory Approval

June 3, 2025
BPC Expands Operations in Nigeria, Appoints Dapo Adeosun as MD

BPC Expands Operations in Nigeria, Appoints Dapo Adeosun as MD

June 2, 2025

LuminX Closes $5.5M Round to Scale Edge AI for Smarter Warehousing

June 2, 2025
Top U.S. Cities Where Tech Professionals Earn Over $100k

Top U.S. Cities Where Tech Professionals Earn Over $100k

June 2, 2025
Next Post

Trucks Transit Parks Launches Tafiyah to Accelerate Cargo Movement in Nigeria

Comments 1

  1. Pingback: Top 10 Software Engineers Making the Waves in Nigeria | Tech | Business | Economy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.