OmniRetail, M‑KOPA, Thndr, Termii and 26 other African startups have been named in the Financial Times’ 2026 ranking of Africa’s fastest‑growing companies, an annual survey that lists 130 high‑growth firms from across the continent. The list, compiled with research partner Statista, includes companies that recorded a compound‑annual‑growth‑rate (CAGR) of at least 9.27 % in revenue between 2021 and 2024, generated a minimum of $100 000 in 2021 and at least $1.5 million in 2024, and are headquartered in an African nation.
Overall, fintech, information technology and software dominate the ranking, accounting for roughly 40 % of the entries. The sectoral spread also includes health‑tech, logistics, e‑commerce, clean‑energy, hospitality and enterprise software. Egypt made history as the first country to top the list, with investment platform Thndr taking the number‑one spot. Kenya edged ahead of Nigeria in the total number of companies represented, with 17 firms versus 16, while South Africa remained the most represented nation, contributing 52 entries.
Among the Nigerian companies, Sabi, a B2B digital‑commerce venture founded in 2021, grew revenues from $1.52 million to $46.5 million, driven by its TRACE platform for commodity exchanges. Haul247, a trucking marketplace, increased earnings from $0.1 million to $1.93 million after a $3 million seed round. OmniRetail, which operates in Nigeria, Ghana and Côte d’Ivoire, posted $40.26 million in 2021 revenue and $54.24 million in 2024, buoyed by a $20 million Series A in April 2025 and a monthly order flow worth ₦250 billion. Remedial Health, a health‑tech firm that digitises pharmaceutical procurement, surged from $0.84 million to $12.53 million after a $12 million Series A in 2023. Africhange, a diaspora remittance platform, expanded from $0.22 million to $2.30 million, while Rank Capital (formerly Moni) raised its loan book to $46.6 million and lifted revenue to $4.65 million. Termii, a communications infrastructure provider, more than doubled its revenue to $2.53 million after processing over a billion customer transactions. Redtech, backed by Heirs Holdings, grew to $4.47 million after handling ₦12 trillion in payments, and FairMoney’s consumer‑lending business nudged revenue from $73.54 million to $75.73 million.
South Africa’s contingent included Future Forex, which rose from $0.66 million to $7.77 million by expanding cross‑border payments and crypto arbitrage services. PayMeNow, an earned‑wage access platform, saw earnings increase to $7.28 million. TymeBank, rebranded as GoTyme Bank in February 2026, climbed to $32.38 million after a $109 million fundraise and a launch in Indonesia. GoBid, an online auction marketplace, recorded $32.38 million in revenue following a 49 % stake acquisition by WeBuyCars. Other notable South African entrants were Omnisient, Sourcefin, Fasta, WiSolar, AURA, and Drive.co.za, each posting double‑digit revenue growth between 2021 and 2024.
Kenya’s representatives featured Turaco, an insurtech firm that lifted revenue to $7.46 million after a $10 million Series A, and M‑KOPA, which turned profitable in 2024 and expanded its credit portfolio to $1.6 billion, raising revenue from $142.9 million to $417.8 million. Sun King, the off‑grid solar pioneer, more than doubled its revenue to $370.44 million after opening a large‑scale plant in Nairobi.
In Egypt, Thndr topped the list with revenue climbing from $0.12 million to $8.02 million, reflecting its capture of 82 % of new investors on the Egyptian Exchange. Mylerz, a last‑mile delivery network operating in North Africa, grew to $10.94 million after a $9.6 million funding round.
Other countries were represented by Ghana’s Regulus (revenue $2.34 million), Uganda’s Numida ($6.37 million) and Agro Supply ($4.08 million), Côte d’Ivoire’s Lapaire ($5.47 million), Mauritius’s Breedj ($9.07 million) and Tunisia’s MS Solutions ($23.4 million).
The 2026 FT ranking underscores the accelerating pace of digital‑enabled entrepreneurship across Africa. The concentration of fintech and software firms highlights the sector’s role as a catalyst for broader economic transformation, while the presence of health‑tech, clean‑energy and logistics players signals diversification. As more African startups achieve sustained revenue growth, investors are likely to focus on scaling operations beyond domestic markets, positioning the continent as an emerging hub for technology‑driven business models. The next edition of the ranking will provide further insight into how these firms navigate expanding opportunities and competitive pressures in a rapidly evolving landscape.
