Top 20 Companies in Africa – In this post, we will be outlining all of Africa’s top companies for your pleasure. This article contains their net worth and products and services catered by this individual companies.
Africa is indeed a giant in the World. To date, there are many companies which began with simple ideas in the minds of men that have evolved into large corporations expanding their services beyond the shores of Africa. And therefore, we bring you the first 20 top companies in Africa and all they have achieved in the little time since their existence.
Top 20 Companies in Africa and Their Net Worth
1. Naspers- South Africa
Naspers is one of the largest company in Africa. It was founded n the year 1915. It is a multinational telecommunication and internet group offering services in more than 130 countries in the World.
Naspers principally operates in entertainment, gaming, e-commerce and internet communication. It is headquartered in Cape Town, South Africa. It has well over $1.108Billion in Assets and $112.8 Billion in Market capitalization. Currently, Nasper has about 24,482 Employees worldwide. Some of the companies built or acquired by Nasper include OLX, PayU, Showmax, Mobile, Media 24, Twiggle, Udemy, Brainly, eMAG, Ibibo, Delivery Hero, SimilarWeb and many more.
Steinhoff International- South Africa
Steinhoff also tops the list of companies in Africa. It is the second largest entity. It operates mainly in the retail section catering many trades in household goods and furniture. Steinhoff International was founded in the year 2015 and is based in the Netherlands but primarily has its base of operations in Cape Town, South Africa. Presently it caters well over $772B in Total assets and a market capitalization of $574 Million.
Sasol- South Africa
Sasol Limited is a manufacturing agency majoring in the production of Industrial Chemicals. It has a wide range of products including low carbon energy, liquid fuels, chemicals and many more. It operates through the following segments; South African Energy Cluster, International Energy Cluster, Chemical Cluster and Many other businesses. It is ranked 3rd place among the top public companies in Africa and generates well over $24.9 in market capitalization and has about $854 in Assets. The Company has a net income of about $31.11 billion.
MTN Group LTD
MTN Group Ltd. is a telecommunication giant with a base of operations in Johannesburg South Africa although its biggest brand is actually within the country Nigeria. It caters to many products and services including Broadband and internet products, converged fixed/mobile products and services.
The company also has a lot of investments in joint ventures and its subsidiaries. It was founded in the year 1994 and has about $1,310 Million in total Assets and a market capitalization of approximately $18.4 Billion. Its Net income of about $3,345 billion and employes well over 17,510.
First Rand is a financial company otherwise called a bank with many banking products such as commercial banking, Insurance, Investments products as well as retail banking products. It also caters to corporate banking services, mortgage loans, credit and debit card banking, personal loans, investment products and a host of other financial products and services. First Rand had its main base of operations in Johannesburg, South Africa and was founded in the year 1966. It has a total of about $299 in Assets and a net income of $414. It employs well over $44,916 worldwide.
Vodacom is a mobile communications company based in Johannesburg, South Africa. It has many multinational subsidiaries and is fast expanding to the ends of the word. it was founded in the year 1994 and has a net income of over $850 million and a total employee base of 7,786
Standard Bank Group
Standard Bang group is a financial institution catering to many financial services such as Banking producing, loan products, Investments, Insurance, risk management, wealth management and advisory services. This it operates under four distinct business units sales Corporate & Investment Banking, Liberty, Personal & Business Banking, and Central & Other. It was founded in the year 1862 and is headquartered in Johannesburg South Africa. The Standard Bank has well over 54,558 employees worldwide and net income of about 1.54Billion. It is also worth about 142.9 Billion in assets.
Dangote Cement is a Nigerian Multinational establishment primarily dealing in the manufacture and distribution of building materials. It was founded in the year 1981 and is headquartered in Lagos, Lagos State Nigeria. Dangote Cement has a total of 15,346 employees worldwide and is worth about $843 billion in assets. It also generates a net income of $201 billion.
Sanlam is a financial institution catering to many commercial products including banking, Insurance, and asset management. It was founded in the year 1918 and is headquartered in Belville, Western Cape, South Africa. It also ranks among the list of top companies in Africa and generates a net income of about $998 million. The Sanlam Group employs well over 21,000 employees and has a $511 in total assets.
Aspen Pharmacare Holdings
Aspen Pharmacare Holdings Ltd is a supplier of patent and generic pharmaceutical products in various forms including oral contraceptives, injectable products, capsules infant nutritional products, form filled seals, tablets and many more. This company was founded in the year 1997 and indeed heralds as one of the top companies in Africa with a net income of $ 20, 818,875 and employee network of well over 10,331. It has its headquarters in Durban, South Africa.
Remigro Limited is an investment holding company. It has significant investments in various sectors such as infrastructure, Insurance, Healthcare, Industrial, Liquor, home care, Banking, media and even sports. The company is headquartered in Stellenbosch South Africa and has a total of 117, 394 employees. The Remigro Corporation was founded in the year 1968 and to this day has amassed a net income of 8.71 billion as well as a total of 94.69 billion in assets.
The Bidvest Group is an investment holding company created in the year 1988. It is one of the top companies in Africa and has a total of 141,015 Employees within its various entities across the World. It has its head office in Johannesburg, South Africa and caters to many investments in services, trading and distribution industries. Some of which caters to food processing industries, aviation products, rental and travel and a host of many others. This company delivers an average return with a profit of $1, 183 million yearly.
This company is the largest public bank in Morocco and therefore heralds the list of top companies in Africa. It has a total of $583 million as net income and employs well over 19,574 people. The Attijariwafa Bank operates mainly in international commercial banking services.
Shoprite Holdings operates a conglomerate of hypermarkets primarily. It is among the top companies in Nigeria and is regarded as Africa’s largest food retailer. It has a total of 144,000 employees and a net income of $1,576.
RMB Holdings heralds the list of one of the top companies in Africa and operates as an investment holding company. It caters to many financial products mainly in South Africa where it has its headquarters at Sandton. It has a total of 22,100 employees and an average yearly profit of over $1,178.
Commercial International Bank
With its headquarters in Giza, Egypt, The Commercial International Bank is the only Egyptian Company among the top companies in Africa. They have an employee base of over 6,412 people and a net income of $1,037 million. They are a commercial banking facility with provisions in Investment Banking, Retail Banking, Corporate Banking, and many other banking products.
The AngloGold Ashanti is a gold mining industry, and they operate in over 17 different locations all over the world but are mainly based in South Africa, Ghana, and Mali. In the year 2014, they were the third largest gold mining facility in the world. They have a net income of $0.076 billion and over 62, 046 employees. They are one of the top companies in Africa and was founded in the year 2004.
Banque Centrale Populaire
The Banque Centrale was established in the year 1926 and has its headquarters in Casablanca, Morocco. It operates as a commercial bank. With a total of $714 million in assets, this bank can be said to be among the top companies in Africa. It also has a total of 7,260 employees.
The BMCE Bank was founded in the year 1959 and has its headquarters in Casablanca, Morroco. It caters to many banking products including wealth management, investment banking, mortgage loans, corporate banking, consumer banking, credit cards, securities, asset management and many more. It has a total of $30 million in assets and brings in a yearly profit of $280million.
The Imperial Holdings is one of the top companies in Africa majoring in retail, logistics, car rentals, leasing, insurance, parts, industrial products distribution and financial services. It was created in the year 1946 and has its headquarters in Bedfordview South Africa. The Imperial Holdings has well over 51,000 employees and a total of $1,527million averagely in profits yearly.
And there you have it 20 of the most influential companies in Africa. Feel free to drop your comments and observations below.