Nigerian retail firm, Sundry Markets Limited, has been named one of Africa’s top 50 fastest-growing companies in 2024 by the Financial Times.
This feat highlights the company’s success amidst the economic challenges that many African economies face.
Sundry Markets Limited, the company that owns Market square is a Nigerian grocery retail chain, according to The PUNCH.
According to the release, the FT-Statista ranking recognizes enterprises that have shown considerable growth despite post-pandemic recovery challenges and broader economic difficulties across the continent.
In its third edition, the report focuses on Nigeria, Africa’s third-largest economy, which has been dealing with inflation and currency devaluation since 2023.
Despite these economic obstacles, Nigeria has the second-highest number of companies on the FT list, with Sundry Markets playing a crucial role.
Commenting on this achievement, the Chief Executive Officer of Sundry Markets, Ebele Enunwa, 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.”
