Africa’s Top Companies 2024 ranking | Afif Ben Yedder receives Lifetime Achievement Award
ven. 10 mai à 07:31
|
North Africa strides ahead in our Top Companies ranking
The value of Africa’s biggest companies has fallen this year, according to our Africa’s Top Companies 2024 ranking. The total market capitalisation of the 250 biggest listed companies in Africa stood at $505bn on 31 March 2024, down 9% from the $556bn recorded one year earlier and even lower than the $597bn recorded in March 2020 at the height of the Covid-19 pandemic.
Africa’s 250 biggest listed companies are now worth less than the equivalent cohort in March 2020, when uncertainty over how long the economic impact of the pandemic would last shook confidence in global equities. However, the $51bn fall over the past 12 months almost entirely matches the $48.9bn decline in the value of Naspers, the South African tech and media giant heavily exposed to China through its stake in Tencent. Elsewhere, North Africa has performed strongly. Morocco’s Banque Centrale Populaire moves up from 31st to 20th and from a market capitalisation of $4.5bn to $5.9bn, and Egypt’s Talaat Moustafa Group climbs from 146th to 50th following a stunning increase in value from $581m to $2.5bn.
The external environment is tough, but especially in North Africa, companies are acquitting themselves well.
– David Thomas, Editor, African Business |
|
|
|
| FRENCH WITHDRAWAL | The withdrawal of French banks from the African market could lead to local competitors growing faster, Fitch Ratings has argued. In April, Société Générale announced that it would be selling its Moroccan company and its subsidiaries to local conglomerate Saham Group. >> Read more |
|
|
|
| UKRAINE GRAIN BATTLE | The Ukrainian port city of Odesa is fighting off Russian drones as it bids to keep grain flowing to Africa. Chris Bishop reports from the city. >> Read more |
|
|
|
| WEST HOLDS STEADY | Nigeria dominates our Africa’s Top Companies 2024 regional table, hosting 14 of the 20 biggest listed companies in West Africa, leaving four for Côte d’Ivoire and two for Ghana. >> Read more |
|
|
|
| BANKING ON SUCCESS | African Banker magazine has announced the shortlist of nominees for this year’s edition of its African Banker Awards. Since its inception in 2007, the African Banker Awards has recognised the exceptional individuals and organisations driving Africa’s rapidly transforming financial services sector. >> Read more |
|
|
|
 |
|
|
« The future belongs to Africa »
The 2024 AllAfrica Media Leaders’ Summit (AMLS) will present Afif Ben Yedder, the founder and Emeritus Publisher and Editor-in-Chief of IC Publications with a Lifetime Achievement Award during the meeting in Nairobi in May. >> Read more |
|
|
|
|
|
|
In partnership with African Export-Import Bank (Afreximbank)
|
|
|
|
 |
|
|
The Bahamas becomes first Caribbean Nation to host Afreximbank Annual Meetings and AfriCaribbean Trade and Investment Forum
Taking place in Nassau in June 12-13, AMM2024 will bring together several thousand attendees, including African/Caribbean leaders and senior government officials, African and non-African policymakers, corporate leaders, bankers, academics and other thought leaders. >> Find out more |
|
|
|
|
|
|
|
 |
|
Seizing the opportunities of African trade requires robust risk management
By: Damian Austin
African markets may be perceived by some as being excessively risky to engage with – but do these perceptions reflect reality? Not entirely, writes BACB’s Damian Austin. >> Read more |
|
|
|
|
 |
|
|
Ethiopia readies its first full stock market for launch
ESX is set to host listings for an initial 50 companies but faces a challenge in persuading foreign investors to set aside macroeconomic and security concerns. >> Read more |
|
|
|
|
|
|
|
Subscribe to African Business today and enjoy full access for only £8 per month
|
|
|
|
|
|
|
|
Do you like what you’ve read? Share it!
|
|
|
|
|
|
|
|
|
| |
|
| Your privacy is important to us, if you feel like you have received this e-mail in error, please get in touch with our team at support@icpublications.com. You can unsubscribe at any point or update your mailing preferences. |
|
| Click to unsubscribe |
|
|
|
|
|
