FT names SML among Africa’s fastest-growing firms

Sundry Markets Limited (SML), the operator of the popular Marketsquare supermarket chain, has been recognised by the Financial Times as one of Africa’s fastest-growing companies for the second consecutive year.

In its 2025 edition, which is the fourth in the series, FT, in collaboration with Statista, ranked SML 47th out of the 130 fastest-growing companies across the continent. This recognition affirmed SML’s leadership in Nigeria’s organised retail sector.

The FT ranking, developed with Statista, is based on the compound growth rate from 2020 to 2023. During this period, SML achieved a compound annual growth rate (CAGR) of 59.2 per cent and an absolute growth rate (AGR) of 303.6 per cent.Notably, SML was recognised as one of the fastest-growing companies in Africa.

The report also shows that SML posted the third-highest revenues amongst the fastest-growing companies listed on the continent.

The Founder and Chief Executive Officer of SML, Ebele Enunwa, expressed his excitement about the achievement, crediting it to the dedication and hard work of the management and staff, as well as the collaboration among employees and stakeholders.

Enunwa emphasized SML’s commitment to developing a modern retail company that caters to the evolving needs of Nigerian consumers while promoting home-grown solutions.