In this article, we discuss the Top 5 Most Valuable African Companies. If you want to read our detailed analysis of the African corporate insights and the outlook for the African economy in 2021 and beyond, go to the Top 15 Most Valuable African Companies.
5) MTN Group (JSE: MTN)
Annual Revenue: $11.2 Billion (2020)
Market Cap: $9 Billion
Headquarters: Johannesburg, South Africa
MTN Group is a multinational mobile telecommunications group based in South Africa. The company was introduced in 1994 and had its headquarters in Johannesburg. The MTN Group decided in 2008 to buy Verizon (NYSE: VZ) business in South Africa, which was a provider of information management to corporate customers in South Africa and four other African countries.