Sundry Market, Nigeria’s leading grocery retail company, has achieved over 100 percent shop growth in five years, signalling a significant increase in indigenous investment in the food retail sector.
Financial Times, the British newspaper, ranked Sundry Markets, owner of Marketsquare Supermarket, among the “Top 50 Africa’s Fastest Growing Companies 2024–2026.”
The company, described as Nigeria’s largest indigenous grocery retailer, grew from one to more than 40 stores in 10 years, expanding to 19 cities across 15 states and employing over 4,000 people who serve more than 2 million customers monthly.
The states include Kaduna, Borno, Abia, Lagos, Rivers, Bayelsa, Delta, Akwa Ibom, Ogun, Oyo, Edo, Anambra, Imo, Enugu and the Federal Capital Territory (FCT).
Ebele Enunwa, founder and CEO of Sundry Markets, said the company grew from a single store in Yenagoa, the capital of Bayelsa State, in 2015 to 15 stores in 2020 and to more than 40 in ten years.
