Alpha Morgan Capital, an asset management company has been ranked among Africa’s fastest growing companies by Financial Times (FT).
The company was ranked fourth out of 10 companies in the Financial Service sector, seventh in the general list of all sectors across Nigeria and 22nd in the overall list of 75 Africa’s Fastest-Growing Companies.
This was announced in the inaugural publication of the FT – Africa’s Fastest Growing Companies 2022 ranking, released on May 3, 2022. In collaboration with Statista, the FT ranked companies that had the strongest revenue growth in Africa between 2017 and 2020.
Commenting on the inclusion of the firm in the list, Ade Buraimo, the group managing director of Alpha Morgan Group, said It was an honour to be ranked on the inaugural FT Africa’s Fastest-Growing Companies list.
Buraimo said that despite the global economic challenges, the company was glad to be ranked among the top companies across Africa in many categories.
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“This is as a result of our demonstration of steady revenue growth and staff expansion. Our growth mandate has garnered attention throughout the world, and we are overjoyed by this recognition and achievement. We will continue to improve on what we do best, which is to sustainably manage and grow our clients’ wealth,” he said.
He used the opportunity to appreciate the company’s clients who have trusted them over the past 10 years, as well as the staff, without whom the feat would not have been possible.
Recall that in August 2021, Alpha Morgan Capital was rated BBB-(1M) with a stable outlook by Agusto & Co. Rating Service and has since maintained its growth in the financial sector.
The inaugural FT annual ranking of Africa’s Fastest Growing Companies provides a snapshot of the corporate landscape in a continent where technology, fintech and support-service businesses have had to adapt to a radically altered environment.
South Africa has the highest companies’ representation with 24, followed by Nigeria 20, Kenya is the third most represented country with nine while Egypt had six.
These are also the markets that have attracted the most venture capital and where unicorns (companies valued at $1bn+) and would-be unicorns like Alpha Morgan have proliferated.
