The announcement was made in a report compiled by Statista, a global market research and data analytics company titled ‘FT ranking: Africa’s Fastest Growing Companies 2023’.
The editorial which debuted last year, identifies the top-performing companies in Africa’s private sector, reflecting trends across the continent’s corporate landscape, and spotlighting companies that have achieved exponential growth in their respective sectors. This year, particularly, the list showcases the top 100 companies that have not only managed to stay afloat but have achieved tremendous growth despite an economic clime that has seen many global businesses shut down.
With an Absolute Growth Rate (AGR) of 95.1% and a Compound Annual Growth Rate (CAGR) of 24.9%, United Capital Plc ranked top amongst financial services companies in Africa. According to the report, the financial conglomerate achieved a growth in revenue from a recorded $25.6 million in 2018 to $44.8 million in 2021.
