The foremost pan-African financial services group and investee company of Heirs Holdings, United Capital Plc. has been listed as one of the fastest growing companies in Africa for the second consecutive year by globally acclaimed news publication, Financial Times. Following an Absolute Growth Rate (AGR) of 95.1% and a Compound Annual Growth Rate (CAGR) of 24.9%, United Capital Plc ranked top amongst financial services companies in Africa.
The announcement was made in a report compiled by Statista, a global market research and data analytics company. The editorial which debuted last year, identifies the top-performing companies in Africa’s private sector, reflecting trends across the continent’s corporate landscape, and spotlighting companies that have achieved exponential growth in their respective sectors. This year, particularly, the list showcases the top 100 companies that have not only managed to stay afloat but have achieved tremendous growth despite an economic clime that has seen many global businesses shut down.
In line with its strategic plans for expansion to new markets, United Capital Plc recently obtained a license from the Central Bank of Nigeria (CBN) to operate as a microfinance bank, allowing it to expand its business activities even further leveraging technology.
With a track record of business turnaround success, and operational excellence, Heirs Holdings remains committed to investing long-term in the critical sectors that will transform Africa’s economy.
About Heirs Holdings
Heirs Holdings is a family-owned investment company committed to improving lives and transforming Africa through long-term strategic investments. Inspired by Africapitalism; an economic philosophy built on the premise that the private sector is the key enabler of economic and social wealth creation in Africa, the Heirs Holdings portfolio cuts across power, oil and gas, financial services, hospitality, real estate, and healthcare sectors, with operations in twenty-four countries worldwide.