5 Best African Stocks to Invest In

In this article, we discuss the 5 best African stocks to invest In. If you want to read our detailed analysis of these companies, go directly to the 10 Best African Stocks to Invest In.

5. Sasol Limited (NYSE: SSL)

Sasol Limited (NYSE:SSL) is an integrated energy and chemical company working on expanding and marketing output technology such as liquid fuels ad low-carbon electricity. In the United States, Sasol has an $11 billion ethane cracker and derivatives project in Westlake which provided 5000 construction and 1200 jobs to Americans. The company continues to expand with the growing demand for electricity.

Earlier this year, Sasol Limited (NYSE:SSL) agreed to sell 30% interest in its Republic of Mozambique Pipeline Company (ROMPCO) to an acquisition vehicle beneficially managed by African Infrastructure Investment Managers Propriety Limited. The agreement is set to take effect in the second half of 2021.

 The company currently has a market cap of $9.64 billion. Shares of SSL jumped 87% over the last year. It currently has five Buy analyst ratings and two Hold analyst ratings.