These are the top 25 biggest companies in Africa. The list shows the biggest public African companies based on their market value. This list was created by Africaranking.com
South Africa still dominates the list. But some countries like Nigeria and Morocco are quickly catching up. Find out what the largest companies in Africa are and just how many billion US dollars they are worth!
25) FBN Holdings – Nigeria – $0.6B
FBN Holdings as the name says is a holding company for the First Bank of Nigeria. They have over 10 million active customers in Nigeria and employ over 7000 people in 750 locations across Africa. It was named the best bank brand 5 years in a row. And it is one of the most innovative banks in Africa.
24) Zenith Bank – Nigeria – $1.9B
Zenith Bank Plc is a banking and financial services company from Nigeria. Founded in 1990 it is now the second largest bank in Nigeria. The company has over 7400 employees and the headquarters are in Lagos. Zenith Bank has subsidiaries in the UK, UAE, Ghana, Gambia and Sierra Leone. Its stock is listed on both the Nigerian Stock Exchange and the London Stock Exchange.
23) Massmart Holdings – South Africa – $2.2B
Massmart is a South African company that owns stores like Makro, Game and Builder’s Warehouse. It is one of the largest retailers of consumer goods, liquor, home improvement tools and food in South Africa.
In total they own and operate over 400 stores and have more than 45,000 personnel.
22) Guaranty Trust Bank- Nigeria – $2.2B
Founded in 1990 the Guaranty Trust Bank became a public company in 1996. It was the first sub-saharan bank to be listed on the London and German stock exchanges. It is one of the partners in the Eko Atlantic City. This is a man-made island that will host the new financial district in Lagos, Nigeria. It is currently active in 8 other African countries and employs over 10,000 people.
21) MMI Holdings – South Africa – $2.6B
MMI holdings is active in life and health insurance. With over 17,000 employees they are one of the largest insurance companies in Africa.