Africa’s Richest Companies 2024

In this article, we will be looking at the Richest companies in Africa, ranked by market capitalisation. African economies are smaller than most leading countries, but they are growing at a record pace. A good knowledge of Africa’s largest companies can be vital for traders to gain an edge in the market.

Interestingly, all ten of the companies on this list are South African companies. This is likely due to South Africa being the second largest economy in Africa, behind only Nigeria while being one of just eight upper-middle-income economies in Africa. It is also the most industrialised and technologically advanced country on the continent, with this advantageous economic atmosphere helping larger companies thrive more there than in other African countries.

 

Africa’s Richest Companies

1. Naspers ($31.49 billion)

2. First Rand ($18.7 billion)

3. Standard Bank Group ($18 billion)

4. Capitec Bank ($12.1 billion)

5. Gold Fields ($11 billion)

6. Vodacom ($10.1 billion)

7. MTN ($8.3 billion)

8. Sanlam ($8.2 billion)

9. Shoprite ($7.9 billion)

10. Bid Corp ($7.86 billion)

11. AngloGold Ashanti ($7.69 billion)

12. Dangote Cement ($7.3 billion)