Foodco listed as Africa’s second fastest growing retail company

FOODCO Nigeria Limited has been listed as one of Africa’s fastest growing companies in the 2022 inaugural FT Annual Africa Fastest Growing Companies’ ranking.

According to the list compiled by global financial intelligence media, Financial Times, in collaboration with consumer market and data specialists, Statista, Foodco is Africa’s second fastest growing retail company. Foodco is also the only company operating within Nigeria’s organized retail sector mentioned on the list.

In his reaction, Chief Executive Officer of Foodco, Ade Sun- Basorun, described the recognition as a win for the company’s staff, key stakeholders and Nigeria’s growing modern retail sector.

He said: “We are both excited and honoured at this recognition from the Financial Times. As a proudly Nigerian brand with a rich heritage stretching back 40 years, we are elated to have been able to build a sustainable business through the support and loyalty of our stakeholders including our staff, customers, investors and host communities. We are truly grateful for their support over the years.”