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    Former Head of Public Service Joseph Kinyua takes over as KCB Group Chairman

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    KCB Group shareholders to pocket KES 3.2 billion final dividend

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    KCB Group PLC reports KES 9.8 billion profit after tax in Q1 2023

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    Kenyan students win global tech prize with hearing app

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    OpenAI leaders call for coordination and safety in superintelligence development

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    Google adds 8 new African countries to its Flood Hub platform

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    Complete list of Macs that will run macOS Ventura

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    Apple unleashes new MacBook Pros with powerful chips, more ports and a notch

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    Xiaomi launches Redmi Note 12 Series in Kenya, starts at KES 21,999

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    TECNO announces pre-orders for its first foldable smartphone in Kenya

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    Oppo Reno 8T 5G launched in Kenya for KES 49,999

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    TECNO launches PHANTOM X2 Series with retractable portrait lens in Kenya

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    Samsung’s first 2023 Galaxy A series phone comes with 5G, and it’s cheap

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    Report: Kenyan millennials and Gen Zs want more media coverage on money and empowerment

    Report: Kenyan millennials and Gen Zs want more media coverage on money and empowerment

    Former Head of Public Service Joseph Kinyua takes over as KCB Group Chairman

    Former Head of Public Service Joseph Kinyua takes over as KCB Group Chairman

    Isuzu East Africa launches special edition D-Max in honor of Eliud Kipchoge

    Isuzu East Africa launches special edition D-Max in honor of Eliud Kipchoge

    KCB Group shareholders to pocket KES 3.2 billion final dividend

    KCB Group shareholders to pocket KES 3.2 billion final dividend

    KCB Group PLC reports KES 9.8 billion profit after tax in Q1 2023

    KCB Group PLC reports KES 9.8 billion profit after tax in Q1 2023

    Kenyan students win global tech prize with hearing app

    Kenyan students win global tech prize with hearing app

    OpenAI leaders call for coordination and safety in superintelligence development

    OpenAI leaders call for coordination and safety in superintelligence development

    Google adds 8 new African countries to its Flood Hub platform

    Google adds 8 new African countries to its Flood Hub platform

    Safaricom to carry out system maintenance for 5 hours on Saturday night

    Safaricom to carry out system maintenance for 5 hours on Saturday night

  • Laptops
    Apple launches 15-inch MacBook Air with M2 Chip

    Apple launches 15-inch MacBook Air with M2 Chip

    Apple unveils 14-inch and 16-inch MacBook Pro with M2 Pro and M2 Max chips

    Apple unveils 14-inch and 16-inch MacBook Pro with M2 Pro and M2 Max chips

    Complete list of Macs that will run macOS Ventura

    Complete list of Macs that will run macOS Ventura

    Apple unleashes new MacBook Pros with powerful chips, more ports and a notch

    Apple unleashes new MacBook Pros with powerful chips, more ports and a notch

    Laptop buying mistakes you should avoid

    Laptop buying mistakes you should avoid

    Lenovo X1 Carbon 5th Generation Review: just good enough

    Lenovo X1 Carbon 5th Generation Review: just good enough

  • Smartphones
    Google unveils new Pixel devices with foldable phone and tablet

    Google unveils new Pixel devices with foldable phone and tablet

    Samsung launches affordable Galaxy A-series in Kenya with flexible payment options

    Samsung launches affordable Galaxy A-series in Kenya with flexible payment options

    Xiaomi launches Redmi Note 12 Series in Kenya, starts at KES 21,999

    Xiaomi launches Redmi Note 12 Series in Kenya, starts at KES 21,999

    TECNO announces pre-orders for its first foldable smartphone in Kenya

    TECNO announces pre-orders for its first foldable smartphone in Kenya

    Oppo Reno 8T 5G launched in Kenya for KES 49,999

    Oppo Reno 8T 5G launched in Kenya for KES 49,999

    Samsung’s Galaxy S23 Unpacked event: All you need to know

    Samsung’s Galaxy S23 Unpacked event: All you need to know

    TECNO launches PHANTOM X2 Series with retractable portrait lens in Kenya

    TECNO launches PHANTOM X2 Series with retractable portrait lens in Kenya

    Samsung’s first 2023 Galaxy A series phone comes with 5G, and it’s cheap

    Samsung’s first 2023 Galaxy A series phone comes with 5G, and it’s cheap

    Tecno announces Eliud Kipchoge as brand ambassador for PHANTOM X2 Series

    Tecno announces Eliud Kipchoge as brand ambassador for PHANTOM X2 Series

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    How to use the Bing Image Creator on mobile

    How to use the Bing Image Creator on mobile

    Safaricom, NCBA, and KCB restructure Fuliza – all you need to know

    Safaricom slashes prices of 4G Wi-Fi routers by 40%

    How to apply for the new generation number plates in Kenya

    How to apply for the new generation number plates in Kenya

    How to write prompts for Midjourney, from text to image

    How to write prompts for Midjourney, from text to image

    How to use ChatGPT and get the most out of it

    How to use ChatGPT and get the most out of it

    How to make and upload YouTube Shorts with ease

    How to make and upload YouTube Shorts with ease

    How to watch YouTube without ads on Android TV

    How to watch YouTube without ads on Android TV

    Samsung’s Freestyle Projector now available to purchase in Kenya

    Samsung’s Freestyle Projector now available to purchase in Kenya

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    You can now fix your typos and mistakes on WhatsApp

    Instagram’s new Twitter competitor app could launch next month

    Instagram’s new Twitter competitor app could launch next month

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    WhatsApp introduces Chat Lock feature to protect private conversations

    WhatsApp launches multi-device feature for up to four phones

    WhatsApp launches multi-device feature for up to four phones

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    Twitter users lose blue checks in Musk’s purge

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FT Report: Wasoko, Flocash top Africa’s Fastest Growing Companies list

Brian Murimi by Brian Murimi
May 3, 2022
in Startups
Reading Time: 2 mins read
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FT Report: Wasoko, Flocash top Africa’s Fastest Growing Companies list
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An inaugural special report by Financial Times has ranked Wasoko (formerly Sokowatch) as Africa’s fastest growing company of 2022.

The report was compiled with Statista, a research company, and ranks African companies by their compound annual growth rate (CAGR) in revenue, between 2017 and 2020.

According to the report, Wasoko achieved the highest compound annual growth in revenues between 2017 and 2020 and, in March, raised $125mn in a Series B funding round.

“Kenya is the third most represented country in the ranking, with nine companies, behind South Africa (24) and Nigeria (20), and ahead of Egypt (six). These are also the markets that have attracted the most venture capital and where unicorns (companies valued at $1bn+) and would-be unicorns have proliferated.” the report reads.

KEEPREADING

Apple launches 15-inch MacBook Air with M2 Chip

Report: Kenyan millennials and Gen Zs want more media coverage on money and empowerment

Other Kenyan companies in the list include FloCash Ltd (2nd), Lori Systems Corp (7th), QuickMart (11th), Africa’s Talking (13th), Copia (20th), ASA International (32nd), East African Business (41st), MKopa (51st) and Impax Business Solutions (67th).

The inaugural Financial Times annual list of Africa’s Fastest Growing Companies provides a view of the corporate landscape in a continent where technology, fintech, and support-service industries have had to adjust to a drastically changed environment.

Many of the fastest-growing companies, particularly in the fintech industry, are those attempting to reach Africa’s unbanked population or areas that have historically been underserved or overlooked, according to the research.

According to the British newspaper, several corporations are absent from the list for a variety of reasons, including private companies’ refusal to provide their income statistics. The poll requires revenue figures to be certified by a CEO or other senior executive.

Companies having revenue of less than $100,000 in 2017 and less than $1.5 million by 2020, as well as subsidiaries and branches of other companies, were excluded.

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Brian Murimi

Brian Murimi

Brian is the founding geek at the Netick. A tech enthusiast skilled in journalism, media relations, multi-platform broadcasting, and social media. Write to him via bryanmurimi@gmail.com

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