Nine Egyptian companies have been named on the Financial Times’ 2023 list of Africa's Fastest Growing Companies. Compiled by the newspaper in partnership with data provider Statista, the 100-strong list spotlights those African companies that it says saw the highest compound annual growth rate (CAGR) in revenues between 2018 and 2021, marking their “corporate dynamism” at the height of covid.

Representing Egypt:

  • #11- Globe Medex
  • #19- KarmSolar
  • #44- Suez Canal Bank
  • #46- CIRA Education
  • #62- Reefy
  • #68- MNT-Halan
  • #92- El Fayrouz Company For Converting And Cutting Paper
  • #93- EFG Hermes Holding
  • #97- Arab Contractors.

Is that all, FT? The list is far from comprehensive, featuring only companies that either applied or were invited to participate by Statista, as was the case with the inaugural list released by the FT last year. Dominating the list are South Africa with 33 companies and Nigeria with 27 firms.

At the Arab Federation of Capital Markets’ 2022 awards ceremony:

  • Our friends at EFG Hermes were named best broker in Egypt and best broker in Dubai, according to a statement (pdf).
  • The best investment bank award went to Al Ahly Pharos, it said on LinkedIn.

Egyptian photojournalist wins Pulitzer: PhotojournalistNariman Ayman El Mofty was among a number of AP journalists who won the Breaking News Photography category in the 2023 Pulitzer Prizes for their coverage of the first weeks of the war on Ukraine. The album of winning images can be viewed here, though some are not for the faint of heart.

Tags: