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FT Names FoodCo Among África’s Fastest-Growing Companies

In the inaugural FT Annual Africa Fastest Growing Firms’ rating for 2022, FoodCo Nigeria Limited was named one of Africa’s fastest-growing companies.

FoodCo is Africa’s second-fastest-growing retail company, according to a list published by global financial intelligence medium Financial Times in partnership with the consumer market and data specialists Statista. FoodCo is also the only company on the list that operates in Nigeria’s organized retail sector.

Ade Sun-Basorun, FoodCo’s Chief Executive Officer, praised the award as a success for the company’s employees, important stakeholders, and Nigeria’s burgeoning modern retail sector.

READ MORE: Governor Godwin Obaseki Denies Plan to Quit PDP

“We are both thrilled and honored by the Financial Times’ recognition,” he said. We are pleased to have been able to develop a sustainable business via the support and loyalty of our stakeholders, including our staff, customers, investors, and host communities, as a truly Nigerian brand with a long tradition spanning 40 years. We appreciate all of their help over the years.”

“We have been passionate about contributing our quota towards strengthening the modern retail sector in Nigeria to make it fit for purpose and adaptable to the needs of today’s more sophisticated consumer, in addition to building a sustainable business.” As a result, this award serves as a timely reminder that, while modern retail is small in Nigeria, it nonetheless plays an important part in the continent’s consumer products and retail ecosystem.”

FoodCo began as a fresh produce store in 1982 and has since grown into a diverse consumer good firm with holdings in retail, quick-service restaurants, manufacturing, and entertainment.

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In the inaugural FT Annual Africa Fastest Growing Firms’ rating for 2022, FoodCo Nigeria Limited was named one of Africa’s fastest-growing companies.

FoodCo is Africa’s second-fastest-growing retail company, according to a list published by global financial intelligence medium Financial Times in partnership with the consumer market and data specialists Statista. FoodCo is also the only company on the list that operates in Nigeria’s organized retail sector.

Ade Sun-Basorun, FoodCo’s Chief Executive Officer, praised the award as a success for the company’s employees, important stakeholders, and Nigeria’s burgeoning modern retail sector.

READ MORE: Governor Godwin Obaseki Denies Plan to Quit PDP

“We are both thrilled and honored by the Financial Times’ recognition,” he said. We are pleased to have been able to develop a sustainable business via the support and loyalty of our stakeholders, including our staff, customers, investors, and host communities, as a truly Nigerian brand with a long tradition spanning 40 years. We appreciate all of their help over the years.”

“We have been passionate about contributing our quota towards strengthening the modern retail sector in Nigeria to make it fit for purpose and adaptable to the needs of today’s more sophisticated consumer, in addition to building a sustainable business.” As a result, this award serves as a timely reminder that, while modern retail is small in Nigeria, it nonetheless plays an important part in the continent’s consumer products and retail ecosystem.”

FoodCo began as a fresh produce store in 1982 and has since grown into a diverse consumer good firm with holdings in retail, quick-service restaurants, manufacturing, and entertainment.

JOIN OUR NEWSLETTER

Our newsletter gives you access to a curated selection of the most important stories daily.

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