The top 500 companies in Africa

Jeune Afrique, a French-language pan-African weekly news magazine, has unveiled the list of the top 500 most important companies in Africa. Jeune Afrique revealed the ranking of the top 500 companies on the African continent that have the best-taken advantage of business opportunities in the 2021 financial year. Africa has various financial institutions and South Africa has various young entrepreneurs. 

Sonatrach, the national state-owned oil company of Algeria, has topped the list of the top 500 companies in Africa. The company reached a turnover of 34 billion dollars and a net result of more than 5.5 billion dollars. The largest company in Africa with 154 subsidiaries witnessed a dollar increase of 75% in its export activity. 

Sonangol, the second-largest oil producer on the African continent, is the 12th most important company in Africa, according to Jeune Afrique. However, it witnessed a drop in production of around 10% in 2021.

South Africa has around 8 important companies in the African continent. The 8 South African companies are present in the Top 10 list and almost 50% of the revenues of the Top 500. Egyptian, Nigerian, Moroccan, and Algerian companies have also performed well. 

Related Posts

Airtel Africa from Nigeria, ENI Angola, Société Marocaine de Distribution from Morocco and Sodiam from Angola are new entrants in the top 100 list. 

Almost all countries on the African continent witnessed positive growth in 2021. Rwanda witnessed a growth of 10.9%, Morocco witnessed an increase of 7 .9%, Côte d’Ivoire witnessed a GDP growth of 7.4%, Kenya also saw a positive growth of  7.5% and the Democratic Republic of Congo (DRC) witnessed a growth of  6.2%. 

According to the African Development Bank (AfDB), the African continent’s GDP jumped in 2021 by 4.8%, including 4.5% for Sub-Saharan Africa.

Dexter

Recent Posts

Trump Administration Expels South African Ambassador Over Critical Comments

The United States issued Ambassador Ebrahim Rasool a one-way travel ticket from South Africa to show decreasing trust between the…

March 15, 2025

South African Coffee Giant Vida e Caffè Marks 300th Store Milestone

Vida e Caffè achieved a major milestone when they opened their 300th South African outlet in Secunda Mpumalanga making it…

March 14, 2025

Iran Announces New Shipping Line to West Africa Over Economic Push

The Trade Promotion Organization of Iran revealed its plan to launch a special shipping line to West Africa through its…

March 14, 2025

Africa’s Rare Earth Sector Set to Transform Global Supply Chain by 2030

Expansion in the global rare earth industry makes Africa stand out by predicting this region will reach 10% market supply…

March 13, 2025

Mining Veteran Ben Magara Named New Exxaro CEO

Exxaro Resources Limited chose Ben Magara to lead the company as CEO starting April 1, 2025. The firm conducted an…

March 13, 2025

South Africa Coalition Proposes Reduced VAT Increase to Break Budget Impasse

The National Treasury reduced the VAT tax increase to end the government coalition conflict in South Africa. The Finance Minister…

March 12, 2025