Many in Africa remain optimistic about the continent’s economic potential as the global economy shifts towards technology and clean energy. For Africa to achieve economic parity with other continents, its promising technology, healthcare, and financial companies must continue to expand. Below are Africa’s fastest-growing companies. 

 5. Afex Commodities Exchange Ltd

• Brand:  Afex 

• Country: Nigeria 

• Sector: Fintech, Financial Services & Insurance 

• Compound Annual Growth Rate (%): 287.82% 

• Revenue 2022 (in millions, USD): $527.7 

• Revenue 2019 (in millions, USD): $10.6 

 4. Moniepoint Inc.

• Brand: Moniepoint 

• Country: Nigeria 

• Sector: Fintech, Financial Services & Insurance 

• Compound Annual Growth Rate (%): 332% 

• Revenue 2022 (in millions, USD): $188.8 

• Revenue 2019 (in millions, USD): $2.3 

3. Resource nix Ltd.

• Brand: Resourgenix 

• Country: South Africa 

• Sector: Employment Services 

• Compound Annual Growth Rate (%): 542.65% 

• Revenue 2022 (in millions, USD): $42.8 

• Revenue 2019 (in millions, USD): $0.18 

 2. Kyosk Digital

• Brand: Kyosk.App 

• Country: Mauritius 

• Sector: E-Commerce 

• Compound Annual Growth Rate (%):  647.37% 

• Revenue 2022 (in millions, USD):  $197.3 

• Revenue 2019 (in millions, USD):  $0.47 

 1. Omniretail Inc.

• Brand:  Omniretail 

• Country: Nigeria 

• Sector: E-Commerce 

• Compound Annual Growth Rate (%):772.39% 

•   Revenue 2022 (in millions, USD): $177.7 

• Revenue 2019 (in millions, USD): $0.32 

  If Africa’s emerging technology, financial, and healthcare companies can withstand economic challenges and survive, the continent—bolstered by its young population and abundant natural resources—has the potential to reduce poverty and drive substantial economic growth.