Call for entries: Africa’s Fastest Growing Companies 2024

After expanding our ranking of Africa’s fastest-growing companies earlier this year, the FT is now seeking entries for the third annual list, to be published in early June 2024.

In partnership with Statista, the data provider, the FT aims to identify companies with the strongest revenue growth between 2019 and 2022. The ranking will appear in a special report published in a weekday edition of the newspaper and on FT.com, alongside articles by FT correspondents on trends identified in the research.

These entries will highlight those companies that have resisted the trend of slowing economic growth across the continent in 2022, when the African Development Bank found that real gross domestic product expanded by only 3.8 per cent on average, down from 4.8 per cent in 2021.

In South Africa, which accounted for about a third of all companies in our previous rankings, that slowdown was even sharper: growth was down to 1.9 per cent in 2022 from 4.7 per cent a year earlier, according to the World Bank.

But as our previous rankings show, there is a growing cohort of African businesses achieving a rapid increase in revenues. Potential candidates for the next list can put their names forward now, via this website. Others will be contacted by Statista.

Why should companies participate?

New business opportunities

Inclusion in the ranking is a visible and public acknowledgment of a company’s performance that extends beyond its specific industry and country. It may also generate attention from potential partners, customers and worldwide investors.

Reputation

Corporate growth usually generates demand for new employees. Being featured in the ranking will increase awareness of you as an employer, and of your potential.

Effective media coverage

Reporters will write about standout companies, specific sectors and business trends in Africa. The ranking will be published in a print report in an FT weekday edition and the full rankings will appear online.

Employer branding

Companies included in the list may use the award logo for marketing purposes upon payment of a licence fee. Companies can still publicise the award free of charge if they do not use the official label.

Which companies are eligible?

To be included in the ranking, your company must meet the following criteria:

• Revenue of at least $100,000 generated in 2019¹

• Revenue of at least $1.5mn generated in 2022¹

• A independent company (not a subsidiary or branch office of any kind)

• Headquartered in an African country

¹ Countries that do not use the dollar to express revenues should provide average local currency value equivalent over the course of the relevant fiscal year

How do I register?

1. Online registration
Please register with Statista by January 31 2024.
Alternatively, download this form and send it to ft-africa@statista.com upon completion.

2. Verification of revenue information
Your revenue data must be verified using this form. The form must be signed in person by a managing director or a member of your executive committee (chief executive or chief financial officer) and emailed to Statista by January 31 2024 at ft-africa@statista.com.

All downloads

In English
Registration form as PDF document
Verification Form as PDF document

In French
Registration form as PDF document
Verification form as PDF document

How to check whether your company is independent and eligible to participate

Please email ft-africa@statista.com with any additional questions.