BUA Foods Plc has secured a place in the 2026 edition of the Financial Times Africa’s Fastest Growing Companies ranking following strong revenue expansion and rising market valuation over the past three years.
The annual ranking, compiled by the Financial Times in partnership with Statista, recognises African companies with the highest compound annual revenue growth rates between 2021 and 2024.
According to the report, BUA Foods recorded a compound annual growth rate of 66.13 percent in revenue during the review period, supported by expansion across its food production businesses, increasing consumer demand and wider market penetration within Nigeria and other African markets.
Brandspur Brand News gathered that the company also achieved a 118 percent compound annual growth rate in market valuation between 2021 and 2024, with its valuation rising from about N720 billion to approximately N7.47 trillion during the period.
The company’s market value has reportedly continued to increase beyond the assessment window, reaching roughly N17.41 trillion as investor confidence in the business strengthened amid continued growth in Nigeria’s manufacturing and consumer goods sectors.
Industry analysts say the recognition reflects BUA Foods’ growing influence within Africa’s industrial and food manufacturing landscape, particularly as local manufacturers continue to navigate inflationary pressures, foreign exchange volatility and broader economic challenges.
The company sustained its expansion through investments in production capacity, operational efficiency, supply chain development and distribution growth across its sugar, flour, pasta and rice businesses.
Chairman of BUA Foods, Abdul Samad Rabiu, recently received the CEO of the Year award at the 2026 Africa CEO Forum held in Kigali, Rwanda, following strong business performance across multiple industrial sectors.
The latest Financial Times recognition comes at a time when African manufacturing companies are attracting increasing global attention for their role in supporting food security, industrialisation and long-term economic growth across the continent.
BUA Foods stated that it remains focused on strengthening local manufacturing capacity and expanding investments aimed at improving food production, market accessibility and sustainable growth within Nigeria and Africa’s broader consumer market.
