Top 10 fastest-growing African companies 2025

Africa’s economic landscape is undergoing a dynamic transformation, driven by innovation, entrepreneurship, and a new wave of agile, tech-enabled businesses.

Despite facing global economic challenges—from inflationary pressures to geopolitical uncertainty—many African companies are not merely weathering the storm; they are thriving.

With bold business models and a deep understanding of local markets, these companies are scaling across borders, disrupting traditional industries, and attracting increasing international investment.

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A recent ranking released by the Financial Times, in collaboration with Statista, highlights the continent’s fastest-growing firms, showcasing those that are not only experiencing rapid revenue growth but also making significant impacts in their respective sectors.

Now in its fourth edition, the Africa’s Fastest-Growing Companies 2025 list is based on compound annual growth rate (CAGR) in revenue from 2020 to 2023—a critical period marked by both pandemic-related setbacks and remarkable resilience.

This year’s list features a strong showing from Nigeria and South Africa, with South Africa accounting for 51 of the 125 ranked firms and Nigeria contributing 28.

These figures reflect both the scale and the entrepreneurial depth of the two largest economies in sub-Saharan Africa. Notably, the top three companies—Omniretail Inc., PalmPay Ltd, and Remedial Health Inc.—are all Nigerian, underscoring the country's vibrant tech and fintech ecosystem.

Ghana, however, makes a modest appearance on the list, with only three companies—Interplast Ltd., Enterprise Group Plc, and Esoko Ltd.—earning recognition among the continent’s fastest-growing firms.

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As global interest in Africa’s business potential continues to surge, these companies are not just growing rapidly—they are setting the pace for Africa’s economic future.

Fastest-growing African companies 2025

Company name	Country	Sector	Absolute Growth (%)	Compound Annual Growth Rate (CAGR, %)	2023 Revenue ($mn)
Omniretail inc	Nigeria	E-commerce	71818.4%	795.9%	120.15
PalmPay Ltd	Nigeria	Fintech, Financial Services & Insurance	31850.0%	583.6%	63.90
Remedial Health Inc	Nigeria	Pharmaceuticals & Cosmetics	8384.4%	339.1%	16.30
Eshandi Financial Services Ltd	Zambia	Fintech, Financial Services & Insurance	5231.0%	276.4%	6.47
The Africaworks Group of Companies	Mauritius	Real estate	3770.1%	238.3%	8.21
Paymenow Group	South Africa	Fintech, Financial Services & Insurance	3756.1%	237.8%	4.86
Gobid Pty Ltd	South Africa	Automotive	3519.1%	230.8%	24.98
Inkomoko Entrepreneur Development Ltd	Rwanda	Fintech, Financial Services & Insurance	2914.1%	211.2%	3.99
Drive24 Pty Ltd	South Africa	Automotive	2907.8%	211.0%	6.54
Termii Inc	Nigeria	Media & Telecomunications	2817.0%	207.8%	3.36

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