Ever wondered which companies are really running the show across the African continent?
If you're a content creator, investor, or just someone curious about businesses in Africa, you know how hard it is to find solid data on companies in Africa.
I've spent countless hours digging through reports and databases to bring you this comprehensive list of the 100 most valuable African companies by market cap.
From telecom giants like MTN and Safaricom to pharmaceutical powerhouses and mining champions shaping the continent's economic future.
Let's dive right in.
Understanding Market Cap: What These Numbers Really Mean
Say I'm Aliko Dangote and I want to purchase a certain red bank.
How much would I have to pay to buy the whole thing?
This is the company's market cap!
Or in a more proper example, M-pesa stock is selling for $163 41 per share.
With their being around 46.3 million shares outstanding, multiply the two and you get that M-pesa is worth about 75.2 billion dollars.
And before you guys swallow me whole, the above is just an example!
It’s also important to know that market cap changes constantly and so do these rankings.
But without further Ado let's get started.
Top 100 Companies in Africa by Market Cap
100. In 100th place is Eco Cash Holdings with a market cap of $1.27 billion!
99. Next is Motus Holdings being valued at $1.34 billion!
98. 98th is Tanzania Breweries with a market cap of $1.38 billion
97. 97th goes to Label Vie and it is valued at $1.43 billion
96. Next up is Egypt Kuwait Holding also valued at $1.43 billion
95.After that is Societe de Fabrication des Boissons de Tunisie with a market cap of $1.4 billion
94. 94th goes to PSG Group with a market cap of 1.46 billion
93. 93rd is Eastern Company being valued at $1.47 billion
92. Next is Italtile with a market cap of $1.50 billion
91. 91st goes to e-finance for Digital and Financial Investments S.A.E. which is valued at $1.55 billion
90. 10% of the way through is Telkom being valued at $1.55 billion as well.
89.In 89th is Total Maroc which is valued at $1.56 billion
88. Next is Guaranty Trust Holding Company which has a market cap of $1.58 billion
87. 87th is Netcare which is also valued at $1.58 billion
86. 86 goes to Barloworld with a market cap of $1.59 billion
85. And 85th is Telecom Egypt having a a market cap of $1.63 billion
84. 84th is Equity Group Holdings being valued at $1.66 billion
83. 83rd goes the AVI with a market cap of $1.66 billion as well
82. Next is Truworths International which is valued at $1 1.67 billion
81. And 81st is Zenith Bank with a market cap of $1.69 billion
80. 80t goes to Afriquia Gaz having a market cap of $1.70 billion
79. 79th is Thungela Resources which is valued at $1.71 billion
78. 78th is the Abou Kir Fertilizers & Chemicals with a market cap of $1.72 billion
77. 77th goes to MCB Group which is valued at $1.72 billion AS WELL
76. Next is Scancom with a value of $1.73 billion
Top 75 Largest Companies in Africa
75. A quarter of the way through is Wafa Assurance which has a value of $1.74 billion in
74. 74th is Momentum Metropolitan valued at over $1.77 billion
73. 73rdis Pick N Pay Stores which has a market cap of $1.82
72. 72nd is Marsa Maroc with a market cap of $2.01 billion
71. 71st is Managem with a value of $2.04 billion
70. Next is the Tiger Brands with a market cap of $2.06 BILLON
69. 69th is Qatar National Bank AlAhli which is valued at $2.12 BILLION
68. 68th goes to Delta Corporation with a market cap of $2.20 billion
67. 67th is Sappi which is valued at $2.21 billion
66. Next is Spar Group valued at around $2.23 billion
65. 65th goes to Dis-Chem Pharmacies which is valued at $2.24 billion
64. Next is Santam with a market cap of $2.27 billion
63. in 63rd is Vivo Energy which is valued at $2.28 billion
62. 62nd goes to Life Healthcare with a market cap of $2.34 billion
61. 61st is COSUMAR which is valued at $2.37 billion
60. Next is Transaction Capital with a market cap of $2.44 billion
59. 59th goes to BUA Foods with a market cap of $2.57 billion
58. And 58th his next TAQA Morocco which is valued at $2.61 billion
57. 57th is Distell Group with a market cap of $2.64 billion
56. Next is Nestle Nigeria which has a market cap of $2.65 billion
55. And 55th is SONATEL which is valued at $2.68 billion
54. After that is Ciments du Maroc with a market cap of $2.77 billion as well
53. 53rd is AfricanRainbow Capital Investments which is valued at $2.98 billion
52. 52nd is Ninety One which is valued at $3.09 billion
51. Next is Harmony Gold Mining which is valued at $3.12 billion
Top 50 Companies in Africa
50. Next is Royal Bafokeng Platinum which is valued at $3.19 billion
49. After that is The Foschini Group which is valued at $3.34 billion
48. 48th goes to Growthpoint Properties with a market cap of $3.46 billion
47. 47th is Econet Wireless which has a value of $3.48 billion
46. 46 is Afeximbank which is also valued at $3.79 billion
45. 45th is Mr. Price Group with a market cap of $3.91 billion
44. Next is Multichoice which has a market cap of $3.99 billion
43. 43rd goes to Woolworths Holdings with a market cap of $4.16 billion
42. After that is Bank of Africa which is valued at $4.24 billion
41. 41st is African Rainbow Minerals having a value of over $4.40 billion
40. 40th is Old Mutual company valued over $4.44 billion
39. Just ahead is Lafarge Holcim Maroc with a value of $4.62 billion
38. In 38th is the B2gold Corp valued at $4.86 billion
37. Next is Commercial International Bank with a market cap of $5 billion
36. And 36th is Clicks Group which is valued at $5.16 billion
35. 35th goes to Bidvest Group with a value of $5.21 billion
34. After that is Exxaro Resources with a market cap of $5.30 billion
33. 2 thirds of the way through we have Rand Merchant Investment which is valued at $5.47 billion
32. 32nd is Banque Centrale Populaire with a market cap of $5.62 billion
31. Next is BUA Cement valued at $5.76 billion
30. In 30th is Remgro which has a market cap of $5.83 billion
29. 29th is Pepkor with a value of $5.89 billion
28. after that is Northam Platinum which is valued at $5.92 billion
27. 27th goes to Aspen Pharmacare Holdings being valued at $6.19 billion.
26. In 26 is Investec rose with a market cap of $6.72 billion
Top 25 Companies in Africa
25. And 3/4 of the way through we have the Airtel Africat with a market cap of $6.90 billion
24. Next is Bid Corp which is valued at $7.30 billion
23. 23d is Nedbank Group our first company valued over $8.15 billion
22. 22nd is Discovery with a market cap of $8.39 billion
21. After that is Shoprite Holdings being valued at $9,58 billion
20. In 20th is AngloGold Ashanti with a value of $10.03 billion
19. 19th goes to Attijariwafa Bank being valued of $10.25 billion
18. Next is MTN Nigeria with a market cap of $10.47 billion
17. 17th is Sanlam which is valued at $11 billion
16. In 16th is Absa Group being valued at $311.05 billion.
15. 15th goes to Dangote Cement with a value of $11.20 billion.
14. 14th is Sibanye Stillwater which has a market cap of $11.58 billion
13. after that is the Maroc Telecom which is worth $11.78 billion
12. In 12th Safaricom which is worth over $11.99 billion
11. 11th goes to Impala Platinum Holdings which has a market cap of $13.06 billion
Top 10 Companies in Africa
10. And starting the top 10 is Gold Fields which is worth $13.91 billion
9. 9th is Kumba Iron Ore with a market cap of $14.45 billion
8. In 8th is united Sasol which has a market cap of $15.35 billion
7. Next is Capitec Bank Holdings which has a market cap of $18.60 billion
6. After that is Vodacom Group valued at $20.10 billion
5. Fifth goes to Standard Bank Group with a market cap of $20.92 Billion
4. And fourth is MTN Group valued at $24.50 Billion
3. Third is FirstRand which is worth $29.74 trillion
2. Number two is Anglo American Platinum being valued at $36.43 Billion
1. And in first place is the one and only Naspers which is worth $49.62 Billion!
Company Distribution by Country
· In the end Tanzania, Tunisia, Ghana, Ivory Coast and Namibia all had one company on this list.
· Kenya, Mauritius and Zimbabwe had two companies on the list.
· Nigeria and Egypt both had 7, Morocco had 14 and the South Africa had 60 companies on this list.
The Future of African Business
And while lists of the top 500 companies in Africa exist, understanding the market cap of these top 100 gives you real insight into where the power and money actually flow.
Want to see this data come to life? I've created a full video breakdown on my YouTube channel with visuals and deeper insights into these rankings.
So, which company surprised you the most? Drop a comment below and let me know what you think about African companies making waves on the global stage.
Let me know what company surprised you the most and be sure to check out 14 minutes of Kenya vs Ethiopia right here!
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