United Capital Plc, an investment bank and Pan-Africa financial services group headquartered in Nigeria, has featured on the list of Financial Times’ inaugural list of fastest-growing companies in Africa.
After thoroughly examining the official stated revenue data of about 900 companies in Africa reviewing the highest compound annual growth (CAGR) in revenues between 2017 and 2020, Financial Times was able to come up with a concise list of 75 companies operating in diverse sectors and leading the pack in Africa.
The editorial titled ‘FT ranking: Africa’s Fastest Growing Companies 2022’ reflects trends across the corporate landscape in the continent, spotlighting companies that have achieved exponential growth despite the economic complexities of the pandemic.
With an Absolute Growth Rate (AGR) of 44.4% and a Compound Annual Growth Rate (CAGR) of 13%, United Capital Plc ranked tops amongst financial services companies in Africa and Nigeria respectively.
The organisation’s revenue grew from a recorded $29.2 million in 2017 to $35.8 million in 2020.
However, it is no surprise that United Capital Plc made this list as the institution continues to expand its suite of financial service offerings, diversify its digital and technological solutions, and maintain a streak of excellence in its financial results with its financial and investment services spread across Africa.
Julius Berger (Nigeria), Zen Petroleum (Ghana), Anglo-American Platinum (South Africa), Wasoko formerly Sokowatch, Inc(Kenya), IHS Netherlands Holdco (Nigeria), amongst others are companies that made it into the list.
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