ADVERTISEMENT
  • About
  • Advertise
  • Careers
  • Contact Us
Sunday, August 3, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home News

FoodCo Listed as Africa’s Second Fastest Growing Retail Company by Financial Times

by Joan Aimuengheuwa
May 9, 2022
in News
0
UBA
Advertisements

Leading omni-channel retailer, FoodCo Nigeria Limited, has been listed as one of Africa’s fastest growing companies in the 2022 inaugural FT Annual Africa Fastest Growing Companies’ ranking.

According to the list compiled by global financial intelligence media, Financial Times, in collaboration with consumer market and data specialists, Statista, FoodCo is Africa’s second fastest growing retail company.

FoodCo is also the only company operating within Nigeria’s organized retail sector mentioned on the list. 

In his reaction, Ade Sun-Basorun, Chief Executive Officer of FoodCo, describe the recognition as a win for the company’s staff, key stakeholders and Nigeria’s growing modern retail sector.

He said: “We are both excited and honoured at this recognition from the Financial Times. As a proudly Nigerian brand with a rich heritage stretching back 40 years, we are elated to have been able to build a sustainable business through the support and loyalty of our stakeholders including our staff, customers, investors and host communities. We are truly grateful for their support over the years.”

“Beyond building a sustainable business, we have also been passionate about contributing our quota towards growing the modern retail sector in Nigeria to make it fit for purpose and adaptable to the needs of today’s increasingly sophisticated consumer. Accordingly, this recognition is a timely reminder that even though modern retail is sub scale in Nigeria, it still has a key role to play in the evolving matrix of the continent’s consumer goods and retail ecosystem.”

MTN ADS

Established in 1982 as a fresh fruits and vegetables store, FoodCo has evolved over the years into a diversified consumer goods company with interests in retail, quick service restaurants, manufacturing and entertainment. The company currently operates the largest supermarket chain brand in South-West Nigeria outside Lagos with 15 outlets spread across Oyo, Lagos and Ogun States.

FoodCo was adjudged the Retailer of the Year for two consecutive years at the BusinessDay Nigerian Business Leadership Awards (2020 and 2021).

It also won the award for 2020 Retailer of the Year at the Marketing Edge Brands And Advertising Excellence Awards. The company ranks among the Top 5 supermarket chain brands in Nigeria.

Loading

MTN ADS

Author

  • Joan Aimuengheuwa
    Joan Aimuengheuwa

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

    View all posts
0Shares

MTN ADS
Tags: Ade Sun-BasorunFoodCo
Joan Aimuengheuwa

Joan Aimuengheuwa

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

Next Post

Opay Innovation Hits Prestige, Recognized in the Stevie Awards

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.

Recommended

DMO Announces FGN Savings Bonds for Subscription at N1,000/Unit

3 years ago
Anthony Ojobo and Remote work

Navigating the Challenges and Opportunities of Remote Work in a Post-Pandemic World 

1 year ago

Popular News

  • PalmPay Leads the Fight Against Fraud as Nigeria Loses Over ₦42 Billion in Q2 2024

    PalmPay Leads the Fight Against Fraud as Nigeria Loses Over ₦42 Billion in Q2 2024

    0 shares
    Share 0 Tweet 0
  • AI Educator Celestine Achi Conferred Doctoral Fellow by AIMFIN

    0 shares
    Share 0 Tweet 0

Connect with us

  • About
  • Advertise
  • Careers
  • Contact Us

© 2025 TECHECONOMY.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs

© 2025 TECHECONOMY.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
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.