As the global economy keeps growing, so are companies around the world; African companies included. In the recent past we have witnessed African companies rising to the occasion in competing with their counterparts from advanced economies. Some companies have seen their value grow steadily, thereby ranking as the most valued in Africa. Market capitalization is the market value of a publicly traded company’s outstanding shares, which is equal to the share price multiplied by the number of shares outstanding.
Here are the top 20 most valuable companies in Africa.
Anglo American Platinum
Standard Bank Group
Capitec Bank Holdings
Kumba Iron Ore
Commercial International Bank
Several companies are coming up in Africa, I hope Safaricom will keep the pace. However, CBA is likely to grow faster in coming years since its owned by the first family. Another company to be looked at is Centum Investment Company owned by Chris Kirubi. Centum looks charming and it’s growing fast.