The Top 10 Most Valuable Companies in Sub Saharan Africa

Key Criteria: By market capitalization

Source: AfricanFinaicials and Hartland-Peel.

  • Nigerian companies dominated the list with 11 companies on the Top 30 companies list.
  • Econet Wireless (Zimbabwe) replaces Nigerian Breweries in the Top 30 companies list.

South Africa’s multinational telecommunications company, MTN Group, has yet again emerged the biggest company in Sub Saharan Africa (SSA) by market capitalisation.

The latest report prepared by  is an update as of March 2022 and covers the Top 30 companies in Sub-Sahara Africa.

Below are highlights from the report.

  • According to the report, MTN Group had the highest market capitalisation among other companies in the region, followed by East Africa’s largest network operator, Safaricom.
  • Dangote Cement ranked third on the list, followed by MTN Nigeria, and Airtel Africa.
  • The market capitalisation of the Top 30 companies for February 2022 was US$117bn.
  • Further insights from the report also showed that Nigerian companies dominated the list with 11 companies on the Top 30 companies list.
  • Econet Wireless (Zimbabwe) replaces Nigerian Breweries in the Top 30 companies list.

Here are the Top 10 most valuable companies in Sub Saharan Africa by market capitalization

  1. MTN Group – $24.5billion
  2. Safaricom – $12billion
  3. Dangote Cement – $11.2billion
  4. MTN Nigeria – $10.4billion
  5. Airtel Africa – $6.9billion
  6. Endeavour Mining – $6.1billion
  7. BUA Cement – $5.7billion
  8. IHS Towers – $3.6billion
  9. AVZ Minerals – $3.1billion
  10. SONATEL – $2.6billion
Avatar for TechtvNetwork
TechtvNetwork https://techtvnetwork.ng

TechTV Network is a leading Technology and Business Analysis news and broadcast platform that seeks to explore the interplay between technology, productivity, entertainment and national development in the light of the growing digital economy.

You May Also Like

More From Author

+ There are no comments

Add yours