A new report by the Financial Times, in collaboration with Statista, has named Africa’s fastest-growing companies in 2025, spotlighting business resilience despite global economic headwinds.
The annual ranking, based on revenue growth between 2019 and 2022, features 130 companies. South Africa and Nigeria emerged as the most dominant contributors, jointly accounting for 79 firms—South Africa with 51 and Nigeria with 28.
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Nigeria secured the top three positions and claimed four of the top 10 spots. South Africa followed closely with three firms in the top 10, reflecting the strength of its private sector.
The ranking also includes notable entries from Zambia, Mauritius, and Rwanda, underlining emerging growth across diverse markets. Key sectors driving the list include technology, logistics, and financial services, reinforcing their role in shaping Africa’s future economy.
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According to the Financial Times, here are the top 5 African countries with the fastest-growing companies in 2025
1. South Africa – 51 Companies
South Africa leads the ranking with 51 companies making the list. This suggests strong activity across various sectors and a consistent business environment that supports growth.
2. Nigeria – 28 Companies
Nigeria follows with 28 companies featured. This reflects the growing role of Nigerian businesses in key areas such as fintech, logistics, and manufacturing.
Read also: Africa’s 10 fastest-growing industries
3. Kenya – 12 Companies
Kenya shares the third position with Morocco. Each has 12 companies on the list. In Kenya, the focus appears to be on technology and renewable energy, with several firms gaining regional attention.
4. Morocco – 12 Companies
Morocco matches Kenya with 12 companies. Many of these are engaged in construction, services, and agribusiness.
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5. Mauritius – 9 Companies
Mauritius rounds off the top five with nine companies listed. The country’s focus on creating a business-friendly climate appears to be paying off, with several of its firms showing steady growth.
