Top 10 most valuable companies in Sub Saharan Africa as of May 2022
The latest report prepared by Hartland-Peel is an update as of May 2022 and covers the Top 30 companies in Sub-Sahara Africa by market capitalisation.
According to the report, MTN Group had the highest market capitalisation among other companies in the region, followed by East Africa’s largest network operator, Safaricom. Dangote Cement ranked third on the list, followed by MTN Nigeria, a subsidiary of MTN Group, and Airtel Africa.
The market cap of the Top 30 companies for February 2022 was US$111bn, down 2.6% on April.
Further insights from the report also showed that Nigerian companies dominated the list as the West-African nation had 12 companies on the Top 30 companies list. The report also noted that Sub-Saharan Africa’s (excluding South Africa’s) stock markets fell 2.8% in May 2022 but are up 4.2% year to date.
Here are the Top 10 most valuable companies in Sub Saharan Africa by market capitalization
- MTN Group – $20.5billion
- Dangote Cement – $11.3billion
- MTN Nigeria – $11.2billion
- Safaricom – $8.9billion
- Airtel Africa – $7.3billion
- BUA Cement – $6.1billion
- Endeavour Mining – $5.7billion
- IHS Towers – $3.8billion
- Nestlé Nigeria – $2.7billion
- BUA Foods – $2.5billion
