We are pleased to share that Laterite has made the list of Africa’s Fastest Growing Companies 2023, compiled by Statista and published in the Financial Times. Laterite is ranked number 54 on the list of 100 companies.
The list ranks African companies by their compound annual growth rate (CAGR) in revenue, between 2018 and 2021. Companies also had to demonstrate that their growth was primarily organic in nature.
“We are honored to be recognized by the Financial Times as one of the fastest growing companies in Africa. Our growth has been entirely organic and is a testament to the hard work and dedication of our team, as well as our commitment to using rigorous research methods to inform policy and decision making. With offices across East Africa and now expanding into West Africa, we look forward to continuing to provide high-quality research and data-driven insights to support development efforts in the region,” said Sachin Gathani, one of Laterite’s Managing Partners.
Laterite started business in 2010 in a café in Kigali, Rwanda. Building on the success of our work in Rwanda, we opened our Ethiopia office in 2016, followed by Uganda in 2018, Kenya and the Netherlands in 2019, Tanzania in 2021 and most recently Sierra Leone.
Laterite has grown from a team of two to a diverse team of more than 85 full-time staff, and a roster of over 2,000 trained enumerators across the countries where we work. Over the past 12 years we have completed more than 100 research and data collection projects across East Africa and beyond, constantly working to improve our process to deliver the highest quality data and research to our clients.
Read the full listing in the Financial Times.
The special report will be published in the Financial Times on 25 May.
Photo by Amani Nation on Unsplash