A Look at the 9 Most Profitable Companies in Africa Right Now

Standard Bank Group, Safaricom and Dangote Group are among the top largest public companies by market values and most profitable company in Africa, according to a recent Forbes’ report.

The report, Forbes Global 2000 list has more than $40 trillion in annual revenue and more than $186 trillion in global assets.

In Africa, there are 19 companies on the list including eleven from South Africa, two each from Morocco and Nigeria.

South Africa’s Standard Bank Group is the largest public company in Africa with a market value worth $22.9 billion.

Also, on the list, 9 of the top 10 largest public companies in the world are located in either in the United States or China.

Forbes says it gathered data from FactSet Research Systems, Bloomberg, and company financial statements to analyse the sales, profits, assets and market value of public companies around the world.

Standard Bank Group – South Africa

 

• Sales: $9 billion
• Profits: $2.1 billion
• Assets: $147.9 billion
• Market value: $22.9 billion

Safaricom – Kenya

 

• Sales: $2.4 billion
• Profits: $593 million
• Assets: $2 billion
• Market value: $11 billion

Commercial International Bank – Egypt

 

• Sales: $2.4 billion
• Profit: $538 million
• Assets: $19.1 billion
• Market value: $6.2 billion

Attijariwafa Bank – Morocco

 

• Sales: $4.1 billion
• Profits: $608 million
• Assets: $53.3 billion
• Market value: $8.7 billion

Maroc Telecom – Morocco

 

• Sales $3.8 billion
• Profits $640 million
• Assets $6.5 billion
• Market value $13.4 billion

Banque Centrale Populaire – Morocco

 

• Sales: $2.4 billion
• Profits: 313 million
• Assets: 41.4 billion
• Market value: $5 billion

Dangote Group – Nigeria

 

• Sales: $2.5 billion
• Profits: $1.1 billion
• Assets: $4.7 billion
• Market value: $9 billion

Zenith Bank – Nigeria

 

• Sales $1.7 billion
• Profits $534 million
• Assets $16.4 billion
• Market value $1.8 billion.