Nigerian firm makes list of Africa’s fastest-growing companies

Sundry Markets Limited, a leading Nigerian retail firm, has been listed among Africa’s top 50 fastest-growing companies in 2024, by the Financial Times.

As highlighted in a statement released, this prestigious recognition serves as a testament to Sundry Markets Limited’s remarkable resilience and ability to thrive despite the formidable economic hurdles faced by numerous African nations.

Sundry Markets Limited, the parent company of Marketsquare, is a Nigerian-based retail chain that operates a network of supermarkets across the Nigeria.

According to the statement, the FT-Statista ranking celebrates companies that have demonstrated significant growth despite the post-pandemic recovery struggles and broader economic difficulties across the continent.

The third installment of the report sheds light on Nigeria, the third-largest economy in Africa, which has been grappling with the challenges of high inflation and currency devaluation since 2023.

According to the report, Nigeria has demonstrated remarkable resilience in the face of economic adversity, proudly claiming the second-largest representation on the Financial Times’ prestigious list.

Ebele Enunwa, the Chief Executive Officer of Sundry Markets, expressing his delight, stated, “It is a pleasure to be listed amongst the top companies across Africa for 2024. Getting listed has shown that we are moving in the right direction. Since our humble beginning in 2015, we have gained recognition across the continent. Sundry Markets has employed direct and indirect 5,000 people in Nigeria.”