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.
Rank | Company | Country | Market cap |
1. | Prosus | South Africa | $119.14 billion |
2. | Naspers | South Africa | $62.26 billion |
3. | Financière Richemont | South Africa | $28.00 billion |
4. | Anglo American | South Africa | $22.62 billion |
5. | Anglo American Platinum | South Africa | $13.05 billion |
6. | Firstrand | South Africa | $12.55 billion |
7. | Vodacom Group | South Africa | $12.48 billion |
8. | Maroc Telecom | Morocco | $11.08 billion |
9. | Standard Bank Group | South Africa | $10.12 billion |
10. | Safaricom | Kenya | $9.97 billion |
11. | AngloGold Ashanti | South Africa | $8.76 billion |
12. | South32 | South Africa | $8.36 billion |
13. | Mondi | South Africa | $7.68 billion |
14. | Sanlam | South Africa | $7.11 billion |
15. | Attijariwafa Bank | Morocco | $6.99 billion |
16. | Capitec Bank Holdings | South Africa | $6.82 billion |
17. | Kumba Iron Ore | South Africa | $6.11 billion |
18. | Commercial International Bank | Egypt | $6.06 billion |
19. | Gold Fields | South Africa | $5.49 billion |
20. | MTN Group | South Africa | $5.33 billion |
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.