Four Egyptian firms have made the list of the 100 fastest-growing businesses in Africa in 2023 according to the second annual ranking by Financial Times/Statista that was released in early May.
“List of 100 shows that sectors from fintech to renewable energy to healthcare managed to develop their businesses while much of the world shut down,” explained the FT.
Globe Medex for Trade and Distribution, which achieved a 95 percent compound annual growth rate (CAGR), was ranked 11th.
Al Karm for Solar Energy, which achieved a 75.7 CAGR, was ranked 19th.
The Suez Canal Bank made 44 on the list with a 41 percent CAGR
Finally, Cairo for Investment and Real Estate Development made 46 on the list with a 39 percent CAGR.
In a related context, in December, Egypt ranked first in the Middle East and North Africa in financing start-ups, raising $45.7 million.
Worth mentioned that Forbes also recently selected eight Egyptian companies for its list of the Top 30 Fintech Companies in the Middle East for 2023.
