Top 5 Most Valuable African Companies

Published on March 8, 2021 at 12:53 pm by Muhammad Arqam in Business, Economy, Lists, News

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.

4) Eskom

Annual Revenue: $12 Billion (2020)

Headquarters: Sandton, South Africa

Eskom Holdings SOC Ltd is a renowned company in South Africa. The company is responsible for supplying electricity to South African citizens, making it one of the most valuable African companies. About 95 percent of the energy used in South Africa mainly comes from Eskom Holdings.

3) Sasol (JSE: SOL)

Annual Revenue: $12.25 Billion (2020)

Market Cap: $9 Billion

Headquarters: Johannesburg, South Africa

Sasol designs and markets technology and develops world-class facilities to develop several commodity sources, having liquid fuels, good quality chemicals, and low-carbon electricity. Sasol was established in 1950.

2) Anglo American Platinum Company (JSE: AMS)

Annual revenue: $13 Billion (2020)

Market Cap: $34 Billion

Headquarters: Johannesburg, South Africa

Anglo-American Platinum Company is one of the biggest platinum producers in the world. About 35% of the total platinum in the world is produced by the company.

1) Sonatrach Petroleum Corporation

Annual Revenue: $23 billion (2020)

Headquarters: Algiers, Algeria

Sonatrach works in the oil and gas market of Algeria under the ownership of the Algerian government. The company generated $23 billion during the coronavirus pandemic. It is one of the biggest oil companies in the world.

You can also take a peek at the 11 largest aerospace companies in America and 15 Largest Beverage Companies in the world.