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Forbes list of 10 largest companies in Africa 2019

largest company in africa forbes list 2019

This is the Forbes list of 10 largest companies in Africa 2019. The list is determined by various parameters including asset base. Therefore, the largest company may not necessarily be the most profitable company in the world nor the most valuable in the market. These are publicly traded companies only and appear in the list of top 2000 largest companies in the world. Africa has only 19  companies in the top 2000 with Safaricom being the only Kenyan company to appear. As a bonus, we give you the names of all the 19 companies.

Other countries with companies that feature in the top 2,000 companies are:

  • Egypt features one company.
  • Morocco features 3 companies.
  • Nigeria features 2 companies.
  • South Africa features 12 companies.

1. Standard Bank Group

Standard Bank Group Ltd. engages in the business of providing banking and financial services. It has a market cap of USD 22.9 billion with assets worth USD 147.9 billion. It generates revenue worth USD 9 billion with profits worth USD 2.1 billion. In the Forbes list of 2,000 world largest companies, it ranks at number 415. It is based in Johannesburg, South Africa.

2. Naspers

Naspers is a global consumer internet group and one of the largest technology investors in the world. It has a market cap of USD 111.3 billion with assets worth USD 35.8 billion. It generates revenue worth USD 6.9 billion with profits worth USD 13.5 billion. In the Forbes list of 2,000 world largest companies, it ranks at number 418. It is based in Cape Town, South Africa.

3. FirstRand

FirstRand Ltd. Is a registered bank controlling company, which provides banking, insurance and investment products and services. It has a market cap of USD 27.2 billion with assets worth USD 110.5 billion. It generates revenue worth USD 7.6 billion with profits worth USD 2.3 billion. In the Forbes list of 2,000 world largest companies, it ranks at number 445. It is based in Johannesburg, South Africa.

4. Sasol

Sasol Ltd. engages in the manufacture of industrial chemicals. It has a market cap of USD 21 billion with assets worth USD 32.8 billion. It generates revenue worth USD 14.8 billion with profits worth USD 1.3 billion. In the Forbes list of 2,000 world largest companies, it ranks at number 530. It is based in Johannesburg, South Africa.

5. Absa Group

Absa Group deals in varied financial markets. It has a market cap of USD 9.9 billion with assets worth USD 89.6 billion. It generates revenue worth USD 9.7 billion with profits worth USD 1.1 billion. In the Forbes list of 2,000 world largest companies, it ranks at number 661.   It is based in Johannesburg, South Africa.

6. Nedbank

Nedbank provides varied financial and banking services. It has a market cap of USD 9.4 billion with assets worth USD 72.6 billion. It generates revenue worth USD 7.7 billion with profits worth USD 1 billion. In the Forbes list of 2,000 world largest companies, it ranks at number 755. It is based in Sandton, South Africa.

7. Old Mutual

Old Mutual Plc is an international long-term savings, investment and protection company. It has a market cap of USD 8.3 billion with assets worth USD 60.7 billion. It generates revenue worth USD 8.2 billion with profits worth negative USD 530.6 million (The company made massive losses in the past financial year). In the Forbes list of 2,000 world largest companies, it ranks at number 782.  It is based in Cape Town, South Africa.

8. Sanlam

Sanlam Ltd. provides financial solutions to individual and institutional clients. It has a market cap of USD 12.4 billion with assets worth USD 55.9 billion. It generates revenue worth USD 5.8 billion with profits worth USD 877 million. In the Forbes list of 2,000 world largest companies, it ranks at number 818. It is based in Bellville, South Africa.

9. MTN Group

MTN Group Ltd. provides network information technology services, local, national and international telecommunications services. It has a market cap of USD 13.5 billion with assets worth USD 17 billion. It generates revenue worth USD 10.2 billion with profits worth USD 658 million. It is based in Roodepoort, South Africa.

10. Attijariwafa Bank

Attijariwafa Bank engages in the provision of international commercial banking services. It has a market cap of USD 8.7 billion with assets worth USD 53.3 billion. It generates revenue worth USD 4.1 billion with profits worth USD 608 million. In the Forbes list of 2,000 world largest companies, it ranks at number 1143. It is based in Casablanca, Morocco.

11. Maroc Telecom

Maroc Telecom SA engages in the provision of telecommunication solutions. It has a market cap of USD 13.4 billion with assets worth USD 6.5 billion. It generates revenue worth USD 3.8 billion with profits worth USD 640 million. In the Forbes list of 2,000 world largest companies, it ranks at number 1508. It is based in Rabat, Morocco.

12. Dangote Cement

Dangote Cement Plc engages in the preparation, manufacture, control, research and distribution of cement and related products. It has a market cap of USD 9 billion with assets worth USD 4.7 billion. It generates revenue worth USD 2.5 billion with profits worth USD 1.1 billion. In the Forbes list of 2,000 world largest companies, it ranks at number 1530. It is based in Lagos, Nigeria.

13. Safaricom

Safaricom Ltd. is engaged in providing converged communication solutions, which include mobile telecommunication, voice, messaging, data and fixed broadband services. It has a market cap of USD 11 billion and assets worth USD 2 billion. It generates revenue worth USD 2.4 billion with profits worth USD 593 million. In the Forbes list of 2,000 world largest companies, it ranks at number 1680. It is based in Nairobi, Kenya.

14. RMB Holdings

RMB Holdings Ltd. operates as an investment holding company. It engages in the retail and commercial banking, investment banking, and installment finance businesses in South Africa and internationally. It has a market cap of USD 8.3 billion with assets worth USD 3.6 billion. It generates revenue worth USD 4 billion with profits worth USD 741 million. In the Forbes list of 2,000 world largest companies, it ranks at number 1764. It is based in Sandton, South Africa.

15. Commercial International Bank

Commercial International Bank (Egypt) SAE engages in the provision of banking and financial services. It has a market cap of USD 6.2 billion and assets worth USD 19.1 billion. It generates revenue worth USD 2.4 billion with profits of USD 538 million. In the Forbes list of 2,000 world largest companies, it ranks at number 1824. It is based in Egypt.

16. Banque Centrale Populaire

Banque Centrale Populaire SA operates as a commercial bank. It has a market cap of USD 5 billion with assets worth USD 41.4 billion. It generates revenue worth USD 2.4 billion with profits worth USD 313 million. In the Forbes list of 2,000 world largest companies, it ranks at number 1855. It is based in Casablanca, Morocco.

17. Shoprite Holdings

Shoprite Holdings Ltd. engages in the operation retail stores. It has a market cap of USD 7 billion with assets worth USD 4.7 billion. It generates revenue worth USD 11 billion with profits worth USD 343 million. In the Forbes list of 2,000 world largest companies, it ranks at number 1881. It is based in Brackenfell, South Africa.

18. Zenith Bank

Zenith Bank Plc provides banking and financial services. It has a market cap of USD 1.8 billion and assets worth USD 16.4 billion. It generates revenue worth USD 1.7 billion with profits worth USD 534 million. In the Forbes list of 2,000 world largest companies, it ranks at number 1961. It is based in Lagos, Nigeria.

19. Bid

Bid Corp. Ltd. is an international broadline food services company, which engages in the development economies in all continents other than North America. It has a market cap of USD 7.2 billion with assets worth USD 4.4 billion. It generates revenue worth USD 9.4 billion with profits worth USD 252 million. It is based in Johannesburg, South Africa.

*All data courtesy of Forbes

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