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Top 20 most valuable companies in Africa 2023

Victor Mochere by Victor Mochere
May 31, 2023
in Business
Reading Time: 3 mins read
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Top 20 most valuable companies in Africa

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

Tags: Companies
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Victor Mochere is a blogger, social media influencer, and netpreneur creating and marketing digital content.

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Comments 1

  1. Vincent Nyagaka says:
    January 20, 2021 at 2:33 pm

    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.

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