The Financial Times, (FT) London has recognized Fidson Healthcare Plc, the leading pharmaceutical company in Nigeria as one of the fastest-growing companies in Africa. In the 2024 ranking of Africa’s fastest-growing companies carried out in conjunction with research company – Statista, Fidson emerged as the only healthcare company in Nigeria on the list. According to FT, this ranking comes against a background that many economies are still struggling to recover from the COVID pandemic.
Fidson, like the other Nigerian companies that made the list, defied the economic crisis in 2023 in which the naira experienced a freefall while prices spiraled upwards to remain the most resilient and adaptable healthcare provider in the country.
This recognition by the Financial Times is not just an accolade but a reflection of the company’s hard work and its potential for growth. It is a testament to the company’s robust growth strategy and its commitment to excellence in the pharmaceutical industry.
Over the years, Fidson has continued to dominate the Nigerian pharmaceutical landscape with her impressive Compound Annual Growth Rate (CAGR) of 30.41% in revenues between 2019 and 2023 – which signifies its rapid expansion and financial success.
Today, the company’s market presence reaches beyond Nigeria to other African countries. Her wide range of over 350 registered products and a robust distribution network emphasizes Fidson’s growth and future prospects.
In comparison to other Nigerian firms on the FT 2024 list, Fidson Healthcare Plc showcases a robust combination of industry leadership, innovation, and market expansion which are key indicators of its potential for sustained success and impact in Africa’s pharmaceutical landscape.
As Fidson Healthcare Plc continues to expand its business, especially in product offering, market share & penetration as well as customer satisfaction, it remains focused on its mission to provide effective and accessible healthcare products that improve the quality of life for people across Africa.
Fidson’s inclusion in this prestigious list is a clear indication that it is a company to watch in the coming years.
