In its expanded report on companies in Africa, FT said Nigeria ranked second with the fastest-growing companies on the continent, after South Africa, which parades the highest number of companies on the list.
The Financial Times report said Kenya ranked third despite struggling with high public debt and biting inflation.
The report reveals the type of firms that, despite hard times, managed to grow by disrupting markets.
According to the FT report, Morocco, a newcomer, recorded 12 companies on the list of 125, up from three in the last edition.
Mauritian firms also ranked high, with nine winners against four in 2022.
South Africa ranked high with 42 companies, followed by Nigeria with 25 firms, while Kenya tied third at 12 with Morocco.
