As the global economy keeps growing, so are companies around the world; West African companies included. In the recent past we have witnessed West 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 West 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 West Africa.
| Rank | Company | Market cap |
| 1. | Dangote Cement | $5.19 billion |
| 2. | MTN Nigeria | $4.77 billion |
| 3. | BUA Cement | $3.11 billion |
| 4. | Airtel Africa | $2.92 billion |
| 5. | Tullow Oil | $2.89 billion |
| 6. | Sonatel | $2.17 billion |
| 7. | Nestlé Nigeria | $1.71 billion |
| 8. | Guaranty Trust Bank | $1.44 billion |
| 9. | Zenith Bank | $1.14 billion |
| 10. | Seplat Petroleum Development | $758 million |
| 11. | Stanbic IBTC Holdings | $711 million |
| 12. | Access Bank | $615 million |
| 13. | United Bank For Africa | $552 million |
| 14. | Lafarge Africa | $530 million |
| 15. | Union Bank Nigeria | $500 million |
| 16. | Nigerian Breweries | $462 million |
| 17. | FBN Holdings | $439 million |
| 18. | Standard Chartered Ghana | $439 million |
| 19. | Coris Bank | $404 million |
| 20. | Société Générale – CI | $376 million |
