{"id":21494,"date":"2021-04-29T09:18:34","date_gmt":"2021-04-29T08:18:34","guid":{"rendered":"https:\/\/www.experts.ng\/blog\/?p=21494"},"modified":"2021-04-29T09:18:45","modified_gmt":"2021-04-29T08:18:45","slug":"successful-business-africa","status":"publish","type":"post","link":"https:\/\/www.experts.ng\/blog\/successful-business-africa\/","title":{"rendered":"List of the Most Successful Businesses in Africa by Region"},"content":{"rendered":"\n

I wrote something about why African businesses fail<\/a>; you should check it out. However, let\u2019s move away from failure this time and talk about successful businesses in Africa.<\/p>\n\n\n\n

It\u2019s no longer news that running a successful business in Africa is not for everybody. This is due to all the challenges to be overcome while running a business on the continent. Hence, when we see businesses thriving against all odds in this part of the world, it\u2019s always a good idea to give them the accolades they deserve.<\/p>\n\n\n\n

Dividing the list into four, based on the four regions in Africa, here is the list of the current most successful businesses in Africa<\/p>\n\n\n\n

A.<\/strong> North Africa<\/strong><\/h2>\n\n\n\n

1. Maroc Telecom<\/strong><\/h3>\n\n\n\n

Country: Morocco<\/p>\n\n\n\n

Industry: Telecommunication<\/p>\n\n\n\n

Net Income: $266 million<\/p>\n\n\n\n

Market Cap: $11,082 million<\/p>\n\n\n\n

2. Attijariwafa Bank<\/strong><\/h3>\n\n\n\n

Country: Morocco<\/p>\n\n\n\n

Industry: Finance<\/p>\n\n\n\n

Net Income: $568 million<\/p>\n\n\n\n

Market Cap: $6,993 million<\/p>\n\n\n\n

3. Commercial International Bank<\/strong><\/h3>\n\n\n\n

Country: Egypt<\/p>\n\n\n\n

Industry: Finance<\/p>\n\n\n\n

Net Income: $747 million<\/p>\n\n\n\n

Market Cap: $6,061 million<\/p>\n\n\n\n

4. Banque Centrale Populaire<\/strong><\/h3>\n\n\n\n

Country: Morocco<\/p>\n\n\n\n

Industry: Finance<\/p>\n\n\n\n

Net Income: $293 million<\/p>\n\n\n\n

Market Cap: $4,067 million<\/p>\n\n\n\n

5. LafargeHolcim Maroc<\/strong><\/h3>\n\n\n\n

Country: Morocco<\/p>\n\n\n\n

Industry: Construction Materials<\/p>\n\n\n\n

Net Income: $155 million<\/p>\n\n\n\n

Market Cap: $2,810 million<\/p>\n\n\n\n

6. Qatar National Bank Alahli<\/strong><\/h3>\n\n\n\n

Country: Egypt<\/p>\n\n\n\n

Industry: Finance<\/p>\n\n\n\n

Net Income: $456 million<\/p>\n\n\n\n

Market Cap: $2,474 million<\/p>\n\n\n\n

7. Vodafone Egypt<\/strong><\/h3>\n\n\n\n

Country: Egypt<\/p>\n\n\n\n

Industry: Telecommunication<\/p>\n\n\n\n

Net Income: $158 million<\/p>\n\n\n\n

Market Cap: $2,391 million<\/p>\n\n\n\n

8. Orange Egypt<\/strong><\/h3>\n\n\n\n

Country: Egypt<\/p>\n\n\n\n

Industry: Telecommunication<\/p>\n\n\n\n

Net Income: $-104 million<\/p>\n\n\n\n

Market Cap: $1,995 million<\/p>\n\n\n\n

9. Taqa Morocco<\/strong><\/h3>\n\n\n\n

Country: Morocco<\/p>\n\n\n\n

Industry: Energy<\/p>\n\n\n\n

Net Income: $103 million<\/p>\n\n\n\n

Market Cap: $1,959 million<\/p>\n\n\n\n

10. Eastern Tobacco<\/strong><\/h3>\n\n\n\n

Country: Egypt<\/p>\n\n\n\n

Industry: Tobacco<\/p>\n\n\n\n

Net Income: $236 million<\/p>\n\n\n\n

Market Cap: $1,791 million<\/p>\n\n\n\n

Morocco and Egypt share the region equally as each country produce 50% of the top 10 businesses in the region.<\/p>\n\n\n\n

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Also Read: How to Empower and Encourage Female Entrepreneurs in Africa<\/a><\/strong><\/pre>\n<\/div>\n<\/div>\n\n\n\n
B. West Africa<\/strong><\/h2>\n\n\n\n
1. Dangote Cement<\/strong><\/h3>\n\n\n\n
Country: Nigeria<\/p>\n\n\n\n
Industry: Construction Materials<\/p>\n\n\n\n
Net Income: $523 million<\/p>\n\n\n\n
Market Cap: $5,188 million<\/p>\n\n\n\n
2. MTN Nigeria<\/strong><\/h3>\n\n\n\n
Country: Nigeria<\/p>\n\n\n\n
Industry: Telecommunication<\/p>\n\n\n\n
Net Income: n\/a<\/p>\n\n\n\n
Market Cap: $4,767 million<\/p>\n\n\n\n
3. BUA Cement<\/strong><\/h3>\n\n\n\n
Country: Nigeria<\/p>\n\n\n\n
Industry: Construction Materials<\/p>\n\n\n\n
Net Income: n\/a<\/p>\n\n\n\n
Market Cap: $3,110 million<\/p>\n\n\n\n
4. Airtel Africa<\/strong><\/h3>\n\n\n\n
Country: UK<\/p>\n\n\n\n
Industry: Telecommunication<\/p>\n\n\n\n
Net Income: n\/a<\/p>\n\n\n\n
Market Cap: $2,923 million<\/p>\n\n\n\n
5. Tullow Oil<\/strong><\/h3>\n\n\n\n
Country: UK<\/p>\n\n\n\n
Industry: Oil & Gas<\/p>\n\n\n\n
Net Income: $-291 million<\/p>\n\n\n\n
Market Cap: $2,888 million<\/p>\n\n\n\n
6. Sonatel<\/strong><\/h3>\n\n\n\n
Country: Senegal<\/p>\n\n\n\n
Industry: Telecommunication<\/p>\n\n\n\n
Net Income: $280 million<\/p>\n\n\n\n
Market Cap: $2,166 million<\/p>\n\n\n\n
7. Nestl\u00e9 Nigeria<\/strong><\/h3>\n\n\n\n
Country: Nigeria<\/p>\n\n\n\n
Industry: Food Products<\/p>\n\n\n\n
Net Income: $119 million<\/p>\n\n\n\n
Market Cap: $1,712 million<\/p>\n\n\n\n
8. Guaranty Trust Bank<\/strong><\/h3>\n\n\n\n
Country: Nigeria<\/p>\n\n\n\n
Industry: Finance<\/p>\n\n\n\n
Net Income: $508 million<\/p>\n\n\n\n
Market Cap: $1,444 million<\/p>\n\n\n\n
9. Zenith Bank<\/strong><\/h3>\n\n\n\n
Country: Nigeria<\/p>\n\n\n\n
Industry: Finance<\/p>\n\n\n\n
Net Income: $543 million<\/p>\n\n\n\n
Market Cap: $1,444 million<\/p>\n\n\n\n
10. Seplat Petroleum Development<\/strong><\/h3>\n\n\n\n
Country: Nigeria<\/p>\n\n\n\n
Industry: Oil & Gas<\/p>\n\n\n\n
Net Income: $277 million<\/p>\n\n\n\n
Market Cap: $758 million<\/p>\n\n\n\n
Despite the global pandemic and insecurity issues in Nigeria, the country maintains its position as the Giant of (West) Africa, producing 70% of the companies on this list.<\/p>\n\n\n\n
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Also Read: Meet the First Nigerian Franchisor to Start a Solar Electricity Franchise in South Africa<\/a><\/strong><\/pre>\n<\/div>\n<\/div>\n\n\n\n
C.<\/strong> East Africa<\/strong><\/h2>\n\n\n\n
1. Safaricom<\/strong><\/h3>\n\n\n\n
Country: Kenya<\/p>\n\n\n\n
Industry: Telecommunication<\/p>\n\n\n\n
Net Income: $598 million<\/p>\n\n\n\n
Market Cap: $9,966 million<\/p>\n\n\n\n
2. Tanzania Breweries<\/strong><\/h3>\n\n\n\n
Country: Tanzania<\/p>\n\n\n\n
Industry: Beverages<\/p>\n\n\n\n
Net Income: $54 million<\/p>\n\n\n\n
Market Cap: $1,396 million<\/p>\n\n\n\n
3. Equity Group Holdings<\/strong><\/h3>\n\n\n\n
Country: Kenya<\/p>\n\n\n\n
Industry: Finance<\/p>\n\n\n\n
Net Income: $211 million<\/p>\n\n\n\n
Market Cap: $1,168 million<\/p>\n\n\n\n
4. East African Breweries<\/strong><\/h3>\n\n\n\n
Country: Kenya<\/p>\n\n\n\n
Industry: Beverages<\/p>\n\n\n\n
Net Income: $84 million<\/p>\n\n\n\n
Market Cap: $1,082 million<\/p>\n\n\n\n
5. KCB Group<\/strong><\/h3>\n\n\n\n
Country: Kenya<\/p>\n\n\n\n
Industry: Finance<\/p>\n\n\n\n
Net Income: $238 million<\/p>\n\n\n\n
Market Cap: $999 million<\/p>\n\n\n\n
6. Vodacom Tanzania<\/strong><\/h3>\n\n\n\n
Country: Tanzania<\/p>\n\n\n\n
Industry: Telecommunication<\/p>\n\n\n\n
Net Income: $39 million<\/p>\n\n\n\n
Market Cap: $827 million<\/p>\n\n\n\n
7. Tanzania Cigarette Co.<\/strong><\/h3>\n\n\n\n
Country: Tanzania<\/p>\n\n\n\n
Industry: Tobacco<\/p>\n\n\n\n
Net Income: $20 million<\/p>\n\n\n\n
Market Cap: $738 million<\/p>\n\n\n\n
8. Co-operative Bank of Kenya<\/strong><\/h3>\n\n\n\n
Country: Kenya<\/p>\n\n\n\n
Industry: Finance<\/p>\n\n\n\n
Net Income: $135 million<\/p>\n\n\n\n
Market Cap: $690 million<\/p>\n\n\n\n
9. Standard Chartered Kenya<\/strong><\/h3>\n\n\n\n
Country: Kenya<\/p>\n\n\n\n
Industry: Finance<\/p>\n\n\n\n
Net Income: $78 million<\/p>\n\n\n\n
Market Cap: $592 million<\/p>\n\n\n\n
10. NMB Bank<\/strong><\/h3>\n\n\n\n
Country: Tanzania<\/p>\n\n\n\n
Industry: Finance<\/p>\n\n\n\n
Net Income: $65 million<\/p>\n\n\n\n
Market Cap: $508 million<\/p>\n\n\n\n
Kenya and Tanzania go on a loggerhead for this one, but Kenya comes out with a narrow win, claiming 60% of the positions while Tanzania settles for the remaining 40%.<\/p>\n\n\n\n
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Also Read: Empowering Africa Through Philanthropic Initiatives<\/a><\/strong><\/pre>\n<\/div>\n<\/div>\n\n\n\n
D. Southern Africa<\/strong><\/h2>\n\n\n\n
1. Prosus<\/strong><\/h3>\n\n\n\n
Country: Netherlands<\/p>\n\n\n\n
Industry: Technology<\/p>\n\n\n\n
Net Income: n\/a<\/p>\n\n\n\n
Market Cap: $119,141 million<\/p>\n\n\n\n
2. Naspers<\/strong><\/h3>\n\n\n\n
Country: South Africa<\/p>\n\n\n\n
Industry: Media<\/p>\n\n\n\n
Net Income: $380 million<\/p>\n\n\n\n
Market Cap: $62,529 million<\/p>\n\n\n\n
3. Financi\u00e8re Richemont<\/strong><\/h3>\n\n\n\n
Country: South Africa<\/p>\n\n\n\n
Industry: Luxury Goods<\/p>\n\n\n\n
Net Income: $149 million<\/p>\n\n\n\n
Market Cap: $28,000 million<\/p>\n\n\n\n
4. Anglo American<\/strong><\/h3>\n\n\n\n
Country: South Africa<\/p>\n\n\n\n
Industry: Metals & Mining<\/p>\n\n\n\n
Net Income: $195 million<\/p>\n\n\n\n
Market Cap: $22,618 million<\/p>\n\n\n\n
5. Anglo American Platinum<\/strong><\/h3>\n\n\n\n
Country: South Africa<\/p>\n\n\n\n
Industry: Metals & Mining<\/p>\n\n\n\n
Net Income: $1,019 million<\/p>\n\n\n\n
Market Cap: $13,048 million<\/p>\n\n\n\n
6. Firstrand<\/strong><\/h3>\n\n\n\n
Country: South Africa<\/p>\n\n\n\n
Industry: Finance<\/p>\n\n\n\n
Net Income: $1,701 million<\/p>\n\n\n\n
Market Cap: $12,553 million<\/p>\n\n\n\n
7. Vodacom Group<\/strong><\/h3>\n\n\n\n
Country: South Africa<\/p>\n\n\n\n
Industry: Telecommunication<\/p>\n\n\n\n
Net Income: $817 million<\/p>\n\n\n\n
Market Cap: $12,483 million<\/p>\n\n\n\n
8. Standard Bank Group<\/strong><\/h3>\n\n\n\n
Country: South Africa<\/p>\n\n\n\n
Industry: Finance<\/p>\n\n\n\n
Net Income: $1,450 million<\/p>\n\n\n\n
Market Cap: $10,122 million<\/p>\n\n\n\n
9. AngloGold Ashanti<\/strong><\/h3>\n\n\n\n
Country: South Africa<\/p>\n\n\n\n
Industry: Metals & Mining<\/p>\n\n\n\n
Net Income: $-7 million<\/p>\n\n\n\n
Market Cap: $8,760 million<\/p>\n\n\n\n
10. South32<\/strong><\/h3>\n\n\n\n
Country: Australia<\/p>\n\n\n\n
Industry: Metals & Mining<\/p>\n\n\n\n
Net Income: $389 million<\/p>\n\n\n\n
Market Cap: $8,355 million<\/p>\n\n\n\n
As expected, South Africa dominates here, sparing only 20% for Australia and Switzerland.<\/p>\n\n\n\n
This list is based on 2020 performance, as sourced from African Business<\/a><\/strong><\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"
I wrote something about why African businesses fail; you should check it out. However, let\u2019s move away from failure this time and talk about successful businesses in Africa. It\u2019s no longer news that running a successful business in Africa is not for everybody. This is due to all the challenges to be overcome while running […]<\/p>\n","protected":false},"author":18,"featured_media":21495,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_3899566575_3899566575":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[41],"tags":[3479],"class_list":["post-21494","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bus-dev","tag-africa"],"_links":{"self":[{"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/posts\/21494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/comments?post=21494"}],"version-history":[{"count":0,"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/posts\/21494\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/media\/21495"}],"wp:attachment":[{"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/media?parent=21494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/categories?post=21494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/tags?post=21494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}