The FIFA Ranking for April 2024 was released, revealing significant changes for African teams. Ivory Coast made a remarkable leap in the rankings, surpassing Tunisia, Algeria, and Cameroon to secure the 38th position globally. This achievement marks a new milestone for Ivory Coast, as they continue to rise in prominence on the international stage. Meanwhile, Morocco maintained its position as the top-ranked African team, holding onto the 13th spot globally. Senegal followed closely behind in 17th place, with Nigeria in 30th place and Egypt in 37th place. Other African nations such as Mali, South Africa, and Burkina Faso solidified their presence in the global top 100. However, Guinea, Ghana, and Gabon faced challenges in regaining their past form and prominence. The African Top 20 in the FIFA Ranking includes Morocco, Senegal, Nigeria, Egypt, Ivory Coast, Tunisia, Algeria, Mali, Cameroon, South Africa, Burkina Faso, DR Congo, Cape Verde, Guinea, Ghana, Gabon, Angola, Mozambique, Togo, and Libya [db66c221].
According to a report by Financial Times, Kenya is ranked number 3 among countries with the fastest-growing companies in Africa in 2024. The report compiled by Financial Times listed 125 ranked companies, with Kenya coming third behind South Africa and Nigeria. A Nigerian e-commerce platform, Omniretail, topped the list. The report noted that many African economies are still struggling to recover from the pandemic and have huge debts to grapple with. Despite high public debt and biting inflation, Kenya managed to rank third, showcasing the growth of firms that disrupted markets. Morocco and Mauritian firms also ranked high on the list. South Africa had the highest number of companies on the list with 42, followed by Nigeria with 25. The Kenyan companies that made the list include Kentegra Biotechnology, Powergen Renewable Energy, Impax Business Solutions, and The Rare Gemstone Company. [0dcbd3a0].
According to a report by the British Media Company, Financial Times, seven Nigerian companies are among the top 20 fastest growing companies in Africa for the year 2024. The report considered parameters such as sectors, years of establishment, number of employees, and compound annual growth rates to rank the companies. The top-ranking firms include companies from Nigeria, Mauritius, South Africa, and Egypt. Nigeria has the second-highest number of companies on the list, indicating its dominance in the economic landscape of the continent. The seven Nigerian companies in the top 20 are Omniretail Inc., Moniepoint Inc., Afex Commodities Exchange Ltd., Alpha Morgan Capital Managers Ltd., Mycredit Investments Ltd. (Fair Money), Thrive Agric Ltd., and Bisedge Ltd. The ranking is ordered by the highest compound annual growth in revenues between 2019 and 2022. The report also highlighted the strong performance of companies from Morocco and Mauritius, and the leading positions of South Africa and Kenya in terms of the number of companies on the list. [7020ad2d]