Top 10 Most Valuable Companies In Sub Saharan Africa

Sub-Saharan Africa has various giant companies that are doing well in terms of investments. Most of the companies that are pulling investments in billions are telecommunications and those in the manufacturing sector.

South African MTN Group has always emerged as the top company in Sub-Saharan Africa by market capitalization. The company is currently estimated to be worth 24.5 billion dollars. MTN has about 56.8 million mobile money users and has operations in 21 countries.

There were reports that suggested that MTN Group’s mobile money platform had overtaken Kenya’s M-Pesa to be the top in Africa. The report did not however disclose much about how the giant telco was the giant in Africa in Mobile banking.

Read More: Comparing The Numbers: Safaricom Leads In Fintech Transaction Value As MTN Tries To Catch Up With Geographical Numbers

Safaricom has been ranked the second top company in Sub-Saharan Africa with 12 billion dollars in market capitalization. Safaricom’s M-Pesa has been growing at a “crazy rate” even sending chills down the spines of some stakeholders with Kenyan MPs proposing that M-Pesa be detached from Safaricom so that it stands alone as a company.

As M-PESA marked 15 years since Safaricom and Vodafone launched it in March 2007, the company announced that it had hit more than 51 million customers across Kenya, Tanzania, Mozambique, and the Democratic Republic of Congo, Lesotho, Ghana, and Egypt. M-Pesa has a presence in 7 countries. In Kenya, the brand has 30 million active users.

Read More: Safaricom Partners With Zeraki Learning For Digital Learning Platform

Dangote Cement has been quoted to be worth 11.2 billion dollars hence the third-largest in Sub-Saharan Africa followed by MTN Nigeria with 10.4 billion dollars. Airtel Africa has been quoted at 6.9 billion dollars while Endeavour Mining at 6.1 billion dollars.

Here are the top 10 companies in Sub-Saharan Africa:

1. MTN Group
2. Safaricom
3. Dangote Cement
4. MTN Nigeria
5. Airtel Africa
6. Endeavour Mining
7. BUA Cement
8. IHS Towers
9. AVZ Minerals
10. SONATEL

Read More: Telkom, Safaricom, And Airtel Integrate Mobile Money Services