Top 10 Africa’s fastest-growing companies, according to latest ranking

Across Africa, company growth is becoming one of the clearest signals of where economic momentum is shifting, as businesses scale faster across fintech, logistics, manufacturing, and services.

• Business Insider Africa presents the top 10 fastest-growing African companies, according to the latest ranking.
• The list is courtesy of Financial Times.
• South Africa continues to dominate, with 51 of the 130 fastest-growing companies.

Across Africa, company growth is becoming one of the clearest signals of where economic momentum is shifting, as businesses scale faster across fintech, logistics, manufacturing, and services.

The Financial Times ranking of Africa’s fastest-growing companies, now in its fifth year, reflects this trend. This year, an Egyptian business topped the list for the first time, Kenya has overtaken Nigeria in the number of companies featured, and more non-tech firms are entering the ranking alongside established fintechs and startups.

South Africa continues to dominate, with 51 of the 130 fastest-growing companies. It is followed by Kenya with 17, Nigeria with 16, Mauritius with 12, and Tunisia — which made its first appearance in the top five — with 6.

1. Thndr — Egypt

Sector: Fintech, Financial Services & Insurance

Absolute growth: 6,851.49% | CAGR: 311.17%

Revenue (2024): $8.02m | Revenue (2021): $0.12m

Employees (2024): 247 | Employees (2021): 68

Founded: 2020

Egypt’s Thndr leads the ranking, reflecting the rapid adoption of digital investing platforms across emerging markets.

2. Sabi — Nigeria

Sector: Metals & Mining

Absolute growth: 2,953.41% | CAGR: 212.56%

Revenue (2024): $46.50m | Revenue (2021): $1.52m

Employees (2024): 261 | Employees (2021): 125

Founded: 2021

Sabi has scaled quickly by digitising Africa’s fragmented commodity and trade networks.

3. Regulus — Ghana

Sector: Fintech, Financial Services & Insurance

Absolute growth: 2,315.87% | CAGR: 189.08%

Revenue (2024): $2.34m | Revenue (2021): $0.23m

Employees (2024): 7 | Employees (2021): 5

Founded: 2019

A fast-rising Ghanaian fintech player focused on financial access and digital services.

4. Haul247 — Nigeria

Sector: Logistics & Transportation

Absolute growth: 1,816.67% | CAGR: 167.62%

Revenue (2024): $1.93m | Revenue (2021): $0.10m

Employees (2024): 30 | Employees (2021): 5

Founded: 2020

Haul247 is modernising freight and logistics operations in Africa’s supply chain ecosystem.

5. Inkomoko — Rwanda

Sector: Fintech, Financial Services & Insurance

Absolute growth: 1,794.9% | CAGR: 166.6%

Revenue (2024): $3.92m | Revenue (2021): $0.28m

Employees (2024): 197 | Employees (2021): 67

Founded: 2013

Supports SMEs and entrepreneurship growth across East Africa.

6. Fieldbar — South Africa

Sector: Manufacturing

Absolute growth: 1,693.73% | CAGR: 161.77%

Revenue (2024): $7.12m | Revenue (2021): $0.47m

Employees (2024): 100 | Employees (2021): 20

Founded: 2020

A consumer manufacturing brand is scaling rapidly in premium outdoor goods.

7. Heirs Life — Nigeria

Sector: Fintech, Financial Services & Insurance

Absolute growth: 1,422.46% | CAGR: 147.85%

Revenue (2024): $28.72m | Revenue (2021): $7.17m

Employees (2024): 83 | Employees (2021): 43

Founded: 2020

Part of Nigeria’s expanding insurance and financial services ecosystem.

8. Remedial Health — Nigeria

Sector: Pharmaceuticals & Cosmetics

Absolute growth: 1,383.42% | CAGR: 145.71%

Revenue (2024): $12.53m | Revenue (2021): $0.84m

Employees (2024): 470 | Employees (2021): 8

Founded: 2020

Transforms pharmaceutical supply chains and healthcare access systems.

9. Future Forex — South Africa

Sector: Fintech, Financial Services & Insurance

Absolute growth: 1,294.68% | CAGR: 140.71%

Revenue (2024): $7.77m | Revenue (2021): $0.66m

Employees (2024): 95 | Employees (2021): 15

Founded: 2020

A digital FX and cross-border payments platform is gaining traction in South Africa.

10. Beachcomber Resorts & Hotels — Mauritius

Sector: Hospitality & Travel

Absolute growth: 1,255.37% | CAGR: 138.43%

Revenue (2024): $328.32m | Revenue (2021): $25.98m

Employees (2024): 4,987 | Employees (2021): 5,052

Founded: 1952