registration
Africa’s Fastest Growing Companies 2025
Africa's Fastest Growing Companies 2025
In Partnership with the Financial Times, Statista wants to identify Africa’s Fastest Growing Companies. The fourth annual list will rank the 150 African companies with the strongest revenue growth between 2020 and 2023.
Benefits
- New business opportunities
- Employer branding
- Effective media coverage
- Reputation
It is as easy as this
-
Pre-register now and get notified when applications open
-
Register on Statista between May 2024 and January 31st, 2025
-
Verify your revenue data until January 31st, 2025
Who is eligible?
In order to be included in the ranking your company must meet the following criteria:
To be included in the list of Africa’ fastest growing companies, a company has to meet the following criteria:
- Revenue of at least 100,000 USD generated in 2020 (or currency value equivalent according to the average of the actual fiscal year).
- Revenue of at least 1.5m USD generated in 2023 (or currency value equivalent according to the average of the actual fiscal year).
- Be independent (the company is not a subsidiary or branch office of any kind).
- Revenue growth between 2020 and 2023 that was primarily organic (ie “internally” stimulated)
- The companys operational headquarters are located in one of the African countries.
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?
Contact us
Should you have any additional questions or would otherwise like to contact us, please email
FAQ
Costs
Do I have to pay to register?
No.
Do I have to pay to be included in the ranking?
No.
Do I have to purchase the Africa's Fastest Growing Companies 2025 licence in order to point out or make reference to my place in the rankings?
No. All those who apply and make it into the Top 150 are free to publicize this fact. The official seal Africa’s Fastest Growing Companies 2025, which is available for a license fee, is merely an additional option for those who want to advertise and promote their achievement in a more visually striking manner.
Is the creation of the FT ranking commissioned and paid for by customers?
No, this project has two revenue sources: revenues from license fees, as outlined above, and advertisements in an FT special report where the ranking will be published alongside FT articles on American company growth trends and profiles. The special report, to appear as part of the FT in print and online, is an independent piece of journalism written and commissioned by FT journalists, drawing on the data collected for the ranking.
Eligibility
Who is eligible to participate?
To be included in the list of Africa' fastest growing companies, a company has to meet the following criteria:
- Revenue of at least 100,000 USD generated in 2020 (or currency value equivalent according to the average of the actual fiscal year).
- Revenue of at least 1.5m USD generated in 2023 (or currency value equivalent according to the average of the actual fiscal year).
- Be independent (the company is not a subsidiary or branch office of any kind).
- Revenue growth between 2020 and 2023 that was primarily organic (ie “internally” stimulated)
- The companys operational headquarters are located in one of the African countries.
My company is wholly or partly owned by venture capital, private equity firms or investment funds. Can my company still qualify for the ranking?
Yes, as long as it complies with the aforementioned criteria. You can find more information in the note on independence here.
My company was founded during the course of 2019. Can I still participate?
Yes.
How do you verify the data provided by participants?
Revenue data are verified through the signing off of this form by the managing director/CEO, the finance director/CFO or a member of the executive committee. The form may be forwarded via email or post.
Dates
When is the registration deadline?
Registration through the online form can be completed until January 31st 2025.
Until when am I able to submit the revenue verification form?
The deadline for us to receive this document is January 31st 2025.
Methodology
On what criteria is the ranking of the top companies in the FT ranking determined?
The ranking is determined by the revenue growth between the years 2020 and 2023.
How will Statista calculate the average growth in revenue of a company?
We use the compound annual growth rate. For example, if a company achieved total revenue of US $1.5m in 2020 and total revenue of US $7.5m in 2023, we calculate an average yearly increase of 71%
((revenue 2023)/(revenue 2019))^(1/3)-1=Growth rate
((7.5 Mio.USD)/(1.5 Mio.USD))^(1/3)-1=71%
The fiscal year of my company does not coincide with the calendar year. However, the survey and the form ask for the total revenue for the calendar years of 2019 and 2022. Which revenue information should I provide?
Please provide the revenue details for the fiscal years which fall predominantly in the calendar years of 2020 and 2023. For example:
06/01/2023 to 05/31/2024 → use this for 2023 as 7 months were in 2023
10/01/2019 to 09/30/2020 → use this for 2020 as 9 months were in 2020
07/01/2020 to 06/30/2021 and 07/01/2023 to 06/30/2024 or
07/01/2019 to 06/30/2020 and 07/01/2022 to 06/30/2023
Which definition of revenue will be observed in the FT list?
Net revenue adjusted for returns, excluding value added tax and derived only from business activities (excluding any other operating income) as disclosed in your company report.
Are further key data, such as profitability, relevant for the FT ranking?
As a minimum, we require data on revenue growth. We do not need profit information.
Publication
When will the Africa's Fastest Growing Companies 2025 ranking be published?
The ranking will be published in May 2024.
Which information concerning individual companies will be published by the FT?
The following information will be released about the top 150 companies: the company name, the average revenue growth and the total revenue for the years of 2020 and 2023, the number of employees in 2020 and 2023, the founding date of the company, the URL of the company website, as well as the location of the head office and the pre-tax profit if provided.
How will I find out whether or not my company has made it into the ranking?
The results of our research will be published in the Financial Times and on FT.com so that the findings can be read and shared by everybody. Before this, the awarded companies will be informed by post of their inclusion in the list.
Disclaimer
The Financial Times and Statista retain the right to change the criteria and/or produce new criteria at any point in the project’s lifetime.
