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

Standard Bank GroupSafaricom 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 SystemsBloomberg, and company financial statements to analyse the sales, profits, assets and market value of public companies around the world.

Standard Bank Group – South Africa

 

Standard Bank Group - Moneyweb

Moneyweb

Standard Bank Group – Moneyweb

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

Safaricom – Kenya

 

Safaricom Plc head office Safaricom Plc head office
  • Sales: $2.4 billion
  • Profits: $593 million
  • Assets: $2 billion
  • Market value: $11 billion

Commercial International Bank – Egypt

 

Egypt’s Commercial International Bank (mubasher.info)

Aderemi Ojekunle

Egypt’s Commercial International Bank (mubasher.info)

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

Attijariwafa Bank – Morocco

 

Morocco's Attijariwafa Bank  (insite ooh)

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insite ooh

Morocco’s Attijariwafa Bank (insite ooh)

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

Maroc Telecom – Morocco

 

File photo - Maroc Telecom

Reuters

File photo – Maroc Telecom

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

Banque Centrale Populaire – Morocco

 

Banque Centrale Populaire  (Bladi)

Aderemi Ojekunle

Banque Centrale Populaire (Bladi)

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

Dangote Group – Nigeria

 

Aliko Dangote during a visit to the fertilizer plant under construction in Lagos State. Credit: ANDREW ESIEBO FOR BLOOMBERG BUSINESSWEEK

ANDREW ESIEBO FOR BLOOMBERG BUSINESSWEEK

Aliko Dangote during a visit to the fertilizer plant under construction in Lagos State. Credit: ANDREW ESIEBO FOR BLOOMBERG BUSINESSWEEK

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

Zenith Bank – Nigeria

 

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