A worker walks past an outlet of South Africa’s MTN Group in Johannesburg, South Africa, February 23, 2016. REUTERS/Siphiwe Sibeko/File Photo The market cap of the Top 30 companies for January 2022 was US$116bn, up 4.7% in December.
BUA Foods (Nigeria) and Access Bank (Nigeria) are new entrants in the Top 30, replacing Jumia Technologies and Ireland Blyth.
Seven sub-Saharan African stock markets had positive year-to-date US returns as of 31 January 2022.
South Africa’s multinational telecommunications company, MTN Group, has been listed as the biggest company in Sub Saharan Africa (SSA) by market capitalisation, according to the latest monthly market report by AfricanFinaicials.
The report is a compilation of the most valuable brands by analysts to help investors who use the market capitalisation information to obtain a quick estimate of a company’s overall value.
In the report titled "Sub-Sahara Africa Top 30 Companies", MTN Group had the highest market capitalisation among other companies in the region, followed by East Africa’s largest network operator, Safaricom. Dangote Cement ranked third on the list, followed by MTN Nigeria, a subsidiary of MTN Group, and Airtel Africa.
The report highlighted BUA Foods (Nigeria) and Access Bank (Nigeria) as new entrants in the Top 30 list, replacing Jumia Technologies and Ireland Blyth. Furthermore, the report stated that seven sub-Saharan African stock markets had positive year-to-date US$ returns as of 31 January 2022. These markets are: Nigeria 8.6%, Zimbabwe 6.1%, Tanzania 2.4%, Mauritius 1.8%, Seychelles 1.7%, Botswana 1.6%, Namibia 0.3%. Here are the Top 30 companies in Sub-Sahara Africa by market capitialisation as of January 2022.
MTN Group 23,401 Safaricom 13,014 Dangote Cement 10,733 MTN Nigeria 9,716 Airtel Africa 7,762 BUA Cement 5,791 Endeavour Mining 5,663 IHS Towers 3,924 BUA Foods 2,802 Nestle Nigeria 2,749 SONATEL 2,388 Vivo Energy 2,270 MTN Ghana 2,174 Helios Towers 2,080 Zenith Bank 1,977 GTB 1,913 Zimplats 1,894 MCB 1,815 AVZ Minerals 1,752 Equity Bank 1,646 Tanzania Breweries 1,392 KCB Bank 1,271 EABL 1,149 MTN Uganda 1,127 Seplat Energy 1,123 Stanbic IBTC 1,120 First Bank Nigeria 998 Lafarge Africa 997 Nigerian Breweries 936 Access Bank 851