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Global business reporting newspaper, Financial Times, has named consumer goods company and omnichannel retailer, FoodCo Nigeria, among the top 100 Africa’s Fastest Growing Companies for the second consecutive year.
The annual listing, which is compiled by FT in collaboration with statistics and consumer insights platform, Statista, ranked FoodCo 39th out of the 100 fastest-growing companies on the continent.
A statement by Financial Times said the companies were ranked according to their Compound Annual Growth Rate between 2018 and 2021.
FoodCo was the only modern retail player among the 26 Nigerian companies featured.
Speaking on the listing, FoodCo’s Chief Executive Officer, Ade Sun-Basorun, thanked the Financial Times for the recognition.
He also expressed appreciation to FoodCo staff and customers for their support in helping the company actualise its potential.
He said, “We are elated at this recognition from Financial Times, more so as it is our second consecutive year on the list. For us, times like these call for sober reflection given our humble beginning as a small corner shop to where we are today as a Top 5 retailer in Nigeria.
“The FoodCo journey has always been marked by a passion for what we do, commitment to our stakeholders, and a firm dedication to nurturing the growth potentials of the Nigerian retail sector. We are grateful to all our staff for their hard work towards making us the fastest growing retail company in Nigeria. We are also thankful for the loyalty of our customers who have kept faith with the FoodCo brand for all of our 41 years. We pledge to continue to do our best to live up to the trust conferred on us.”
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