Sundry Markets Limited Among Africa’s Fastest-Growing Companies
Sundry Markets Limited, an indigenous retail chain in Nigeria, has earned a place among Africa’s top 50 fastest-growing companies in 2024, according to a Financial Times report.
In a statement , Sundry Markets Limited, the owner of the Marketsquare supermarket chain, highlighted its remarkable growth despite the economic challenges plaguing many African economies. This recognition underscores the company’s resilience and strategic growth amid the broader post-pandemic recovery struggles and economic difficulties across the continent.
The FT-Statista ranking, now in its third edition, celebrates companies that have demonstrated significant growth despite the adverse economic conditions. Nigeria, Africa’s third-largest economy, has been grappling with inflation and currency devaluation since 2023. Nevertheless, it boasts the second-highest number of companies on the FT’s list, with Sundry Markets being a notable player.
Expressing his elation, Chief Executive Officer of Sundry Markets, Ebele Enunwa, remarked, “It is a pleasure to be listed amongst the top companies across Africa for 2024. Being included on this list validates our progress and the direction we are headed. Since our modest inception in 2015, we have gained recognition across the continent. Sundry Markets has directly and indirectly employed 5,000 people in Nigeria.”
This achievement not only highlights Sundry Markets Limited’s robust business model but also shines a light on the potential and dynamism of Nigerian enterprises in the face of economic adversity.
