Financial Times Recognises United Capital Among Fastest Growing Companies in Africa

Peter Ashade, Group Chief Executive Officer, United Capital Plc

Financial Times has recognised United Capital Plc, an investment bank and Pan-Africa financial services group, as one of the fastest growing companies 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.

The firm featured Friday in the Financial Times’ inaugural list after thorough examination of 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 came up with a concise list of 75 companies operating in diverse sectors and leading the pack in Africa.

With an Absolute Growth Rate (AGR) of 44.4 per cent and a Compound Annual Growth Rate (CAGR) of 13 per cent, 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.

For Financial Times, United Capital Plc has continued 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.

Other companies on the list are: Julius Berger (Nigeria), Zen Petroleum (Ghana), Anglo-American Platinum (South Africa), Wasoko formerly Sokowatch, Inc(Kenya), IHS Netherlands Holdco (Nigeria) and a list of others. 

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