{"id":586445,"date":"2023-05-11T00:00:00","date_gmt":"2023-05-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/11\/nine-local-firms-make-ft-list-of-africas-fastest-growing-companies\/"},"modified":"2023-05-11T00:00:00","modified_gmt":"2023-05-11T00:00:00","slug":"nine-local-firms-make-ft-list-of-africas-fastest-growing-companies","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/11\/nine-local-firms-make-ft-list-of-africas-fastest-growing-companies\/","title":{"rendered":"Nine local firms make FT list of Africa\u2019s fastest-growing companies"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Nine Egyptian companies have been named on the Financial Times\u2019 2023 list of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/www.ft.com\/content\/2e45727c-0c2a-4636-95d0-4889969cfca8\" style=\"\">Africa's Fastest Growing Companies<\/a><\/span><span style=\"font-weight:700\">.<\/span><span style=\"font-weight:400;\"> 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 \u201ccorporate dynamism\u201d at the height of covid. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Representing Egypt:<\/span><\/p>\n<ul>\n<li><span>#11- <\/span><span style=\"font-weight:700;\">Globe Medex<\/span><\/li>\n<li><span>#19- <\/span><span style=\"font-weight:700;\">KarmSolar<\/span><\/li>\n<li><span>#44- <\/span><span style=\"font-weight:700;\">Suez Canal Bank<\/span><\/li>\n<li><span>#46- <\/span><span style=\"font-weight:700;\">CIRA Education<\/span><\/li>\n<li><span>#62- <\/span><span style=\"font-weight:700;\">Reefy<\/span><\/li>\n<li><span>#68- <\/span><span style=\"font-weight:700;\">MNT-Halan<\/span><\/li>\n<li><span>#92- <\/span><span style=\"font-weight:700;\">El Fayrouz Company For Converting And Cutting Paper<\/span><\/li>\n<li><span>#93- <\/span><span style=\"font-weight:700;\">EFG Hermes Holding<\/span><\/li>\n<li><span>#97- <\/span><span style=\"font-weight:700\">Arab Contractors<\/span><span style=\"font-weight:400;\">.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Is that all, FT?<\/span><span> The list is far from comprehensive, featuring only companies that either <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ft.com\/reports\/affgc-nominations\" style=\"\">applied<\/a><\/span><span> or were invited to participate by Statista, as was the case with the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/312a2a58-3bb8-4cc7-88c7-8a6c48329521\" style=\"\">inaugural list<\/a><\/span><span style=\"font-weight:400;\"> released by the FT last year. Dominating the list are South Africa with 33 companies and Nigeria with 27 firms.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">At the Arab Federation of Capital Markets\u2019 <\/span><span style=\"font-weight:700\">2022 awards ceremony:<\/span><\/p>\n<ul>\n<li><span style=\"\">Our friends at <\/span><span style=\"font-weight:700\">EFG Hermes<\/span><span style=\"\"> were named<\/span><span> best broker in Egypt and best broker in Dubai, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/5\/628.pdf\" style=\"\">statement (pdf)<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/li>\n<li><span style=\"\">The best investment bank award went to <\/span><span style=\"font-weight:700\">Al Ahly Pharos<\/span><span style=\"\">, it said on <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/posts\/al-ahly-pharos_alahlypharos-bestinvestmentbank-arabcapitalmarketsfederation-activity-7061785718238388224-VnIb\/?utm_source=share&utm_medium=member_desktop\" style=\"\">LinkedIn<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Egyptian photojournalist wins Pulitzer: <\/span><span style=\"\">Photojournalist<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/NMofty\/status\/1655656379229544468?s=20\" style=\"\">Nariman Ayman El Mofty<\/a><\/span><span style=\"\"> was <\/span><span>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 <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.pulitzer.org\/prize-winners-by-category\/216\" style=\"\">viewed here<\/a><\/span><span>, though some are not for the faint of heart.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egyptian firms represent 9% of the application-based list.<\/p>\n","protected":false},"author":1,"featured_media":586446,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7230],"tags":[7055,402,84,7056,72,7054,1852,249,865,310,3257,1164],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-586445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kudos","tag-arb-contractors","tag-cira-education","tag-efg-hermes","tag-el-fayrouz-company-for-converting-and-cutting-paper","tag-enterpriseam","tag-globe-medex","tag-karm-solar","tag-kudos","tag-mastercard","tag-mnt-halan","tag-reefy","tag-suez-canal-bank","wpautop","entry"],"acf":{"mongo_id":"b0e480ae-a472-4733-822e-209d50ddbb16","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/112.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Nine Egyptian firms make FT list of Africa\u2019s fastest-growing companies","related_issue":[586429],"teaser":"Egyptian firms represent 9% of the application-based list.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.d424d4ec-c314-4678-a610-d8f99fbde672.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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