United Capital Plc, a foremost investment bank, and pan-African financial services group has been recognized for the second consecutive year, as one of Africa’s fastest-growing companies by globally acclaimed news publication, Financial Times. The announcement was made in a report compiled by Statista, a global market research and data analytics company titled ‘FT ranking: Africa’s Fastest Growing Companies 2023’.
The editorial which debuted last year, identifies the top-performing companies in Africa’s private sector, reflecting trends across the continent’s corporate landscape, and spotlighting companies that have achieved exponential growth in their respective sectors. This year, particularly, the list showcases the top 100 companies that have not only managed to stay afloat but have achieved tremendous growth despite an economic clime that has seen many global businesses shut down.
With an Absolute Growth Rate (AGR) of 95.1% and a Compound Annual Growth Rate (CAGR) of 24.9%, United Capital Plc ranked top amongst financial services companies in Africa. According to the report, the financial conglomerate achieved a growth in revenue from a recorded $25.6 million in 2018 to $44.8 million in 2021.
“We are delighted to be named one of Africa’s fastest-growing
Maintaining its upward growth trajectory, United Capital Plc recorded a 49% year-on-year increase in Gross Earnings to
In line with its strategic plans for expansion to new markets, United Capital Plc has obtained a license from the Central Bank of Nigeria (CBN) to operate as a microfinance bank, allowing it to expand its business activities (and potential earnings) even further.
About United Capital Plc
For over 5 decades, United Capital Plc has remained a leader in the financial and investment services space, offering a robust suite of service offerings: Investment Banking, Asset Management, Trusteeship, Securities Trading, Wealth Management, and Consumer Finance. The group aims to transform
the African continent by providing innovative and creative investment banking solutions to governments, companies, and individuals.
The group is listed on the Nigerian Exchange Limited (NGX) and is at the forefront of becoming the financial and investment role model across Africa by leveraging innovation, technology, and specialist skills to exceed client expectations while creating more value for all stakeholders.