25) FBN Holdings –
Nigeria – $0.6B
FBN Holdings as the name says is a holding company for the
First Bank of Nigeria. They have over 10 million active customers in Nigeria
and employ over 7000 people in 750 locations across Africa. It was named the best
bank brand 5 years in a row. And it is one of the most innovative banks in
Africa.
24) Zenith Bank –
Nigeria – $1.9B
Zenith Bank Plc is a banking and financial services company
from Nigeria. Founded in 1990 it is now the second largest bank in Nigeria. The
company has over 7400 employees and the headquarters are in Lagos. Zenith Bank
has subsidiaries in the UK, UAE, Ghana, Gambia and Sierra Leone. Its stock is
listed on both the Nigerian Stock Exchange and the London Stock Exchange. Biggest
companies in Africa
23) Massmart
Holdings – South Africa – $2.2B
Massmart is a South African company that owns stores like
Makro, Game and Builder’s Warehouse. It is one of the largest retailers of
consumer goods, liquor, home improvement tools and food in South Africa. In
total they own and operate over 400 stores and have more than 45,000 personnel.
Massmart
22) Guaranty Trust
Bank- Nigeria – $2.2B
Founded in 1990 the Guaranty Trust Bank became a public
company in 1996. It was the first sub-saharan bank to be listed on the London
and German stock exchanges. It is one of the partners in the Eko Atlantic City.
This is a man-made island that will host the new financial district in Lagos,
Nigeria. It is currently active in 8 other African countries and employs over
10,000 people. GTB big bank in nigeria
21) MMI Holdings –
South Africa – $2.6B
MMI holdings is active in life and health insurance. With
over 17,000 employees they are one of the largest insurance companies in
Africa.
20) Imperial
Holdings – South Africa – $3.7B
Imperial is a
conglomerate that has interests in a lot of different areas. Industrial
logistics, car rental/leasing, retail, insurance, and many others. With sales
of over $10B a year it is no surprise that they employ 51,000 people.
19) BMCE Bank-
Morocco – $3.8B
The BMCE bank is the first Moroccan company in this list. It
was founded in 1959 in Casablanca, Morocco where they still have their
headquarters. Operating over 500 branches they have a personnel of almost
5,000.
18) Banque Centrale
Populaire – Morocco – $4.1B
The BCP is another bank from Morocco. Founded in 1926 they
are the second largest bank in Morocco. They employ around 12,000 people and have
a customer deposit market share of 28%.
17) AngloGold
Ashanti – South Africa – $5.4B
AngloGold Ashanti is a global gold mining corporation. They
own gold mining operations in 17 different locations all over the world. But
they are mainly active in South Africa, Ghana and Mali. In 2014 they were the 3rd
largest gold miner in the world by gold produced. No recent numbers are
available but in 2011 over 60,000 people worked in Africa’s largest public gold
company. largest gold mining company in africa
16) Commercial
International Bank – Egypt – $5.5B
The Commercial International Bank is the only Egyptian
company on this overview of largest companies in Africa They provide a large
number of different financial services in Egypt. Their headquarters are in
Giza, Egypt and they employ almost 6,000 people.
15) RMB Holdings –
South Africa – $5.8B
RMB holdings is a holding company for a South African bank
that is active in investment, retail and commercial banking. Roughly 22,000 people
work there and in 2015 they had a net income of $500 million.
14) Shoprite Holdings
– South Africa – $6.7B
Shoprite is mostly active in food retail. However, some of
their supermarket stores also offer clothing, cosmetics, liquor and other merchandise.
With sales of $9.29B it is to be expected that almost 133,000 people work at
Shoprite or their subsidiaries.
13) Attijariwafa
Bank – Morocco – $7.2B
Attijariwafa Bank is by far the biggest public bank and even
company in Morocco. With a staggering 3500+ branches it is no surprise that
more than 17,000 people work in this company. If you know a bigger company in Morocco
let Africaranking know in the comments! biggest company in morocco bank
12) Bidvest Group
– South Africa – $8.4B
Bidvest is a conglomerate active in a large variety of
sectors. From automotive, financial, freight and travel services to catering,
leisure and food-processing companies. Bidvest has a stake in almost everything
you can think of. The company is located in Johannesburg and employs a staggering
141,000 people!
11) Remgro – South
Africa – $9.3B
Remgro Ltd. is another conglomerate that invests in almost
anything. They own parts of food producers, banks, healthcare providers and infrastructure
companies. They are also active in sport and media. The company was founded in
1940 and almost 22,000 people work there.
10) Aspen Pharmacare Holdings – South Africa – $10.1B
Aspen Pharmacare Holdings is the only pharmaceutical company
in this list. It is by far the biggest pharmaceutical company in Africa. They supply
branded and generic medicine and other similar products like eye drops,
ointments and nutrition for infants. More than 10,000 people work there and
their main center is located in Durban, South Africa. biggest pharmaceutical
company in africa
9) Sanlam – South
Africa – $10.5B
Sanlam is a South African Life & Health insurance
company. Founded in 1918 they are headquartered in Bellville, South Africa.
They have 14,700 employees and total sales of $6.58B
8) Dangote Cement
– Nigeria – $13.8B
Dangote Cement is the biggest company in Nigeria. Founded in
1992 it is now active in 15 countries throughout Africa. The focus of the
company is still cement. Over time the parent company has added food products
like sugar, flour and salt. Sales clocked in at $2.48B. The company employed
over 14,000 people and the headquarters are still in Lagos, Nigeria. The owner
Aliko Dangote is the richest man in Africa biggest company in nigeria
7) Standard Bank
Group – South Africa – $14.4B
Founded over 154 years ago the Standard Bank of South Africa
is one of the largest financial companies in South Africa. It is active in 20 countries
across Africa and the world. In 2015 its revenue was $16.2 billion. In recent
years it has been plagued by very low customer satisfaction in South Africa.
The latest employee figures show that over 69,000 people work at this bank.
6) Vodacom – South
Africa – $14.6B
Vodacom is a South African based telecom provider with over
55 million customers. They are mostly active in South Africa, Tanzania,
Republic of Congo, Mozambique and Lesotho. Though they provide some services in
more than 40 African countries. Their parent company is the telecom giant Vodafone.
In 2015 Vodacom had a net income of $850 million and employed just below 8,000
people.
5) FirstRand – South Africa – $18.5B
FirstRand is a South African bank that offers insurance,
banking and investments services. Where other banks sometimes focus on one
customer group FirstRand has customers from all sectors of the economy: individuals,
companies and the government. The company was founded in 1970. It has its headquarters
in Sandton, South Africa and employs more than 42,000 people. FirstRand is the
biggest bank in South Africa
4) MTN Group –
South Africa – $18.9B
MTN Group is a South African telecommunication service
provider. The company was only founded in 1994 and is now one of the biggest broadband,
internet and mobile phone providers in Africa. Despite its sales of $11.5B they
only have 22,000 employees.
3) Sasol – South Africa – $20.9B
Sasol Ltd. is a
manufacturer of industrial chemicals. The company mainly focuses on liquid
fuels, low-carbon electricity and various chemicals. The headquarters are in
Johannesburg and nearly 31,000 people work at the company.
2) Steinhoff
International – South Africa – $22.8B
Steinhoff is the second largest company in Africa. It is a
retail holding company and mainly trades in household goods and furniture. The company
is quickly expanding all over the world. For example, in 2016 it bought the
Poundland discount chain in the UK for £610 million. The company is now also in
talks to purchase the Mattress Firm based in the US for $3.8 billion. In total
the company operates 6500 stores and employs over 90,000 people. About 60% of
the firm’s revenue is from Europe. These are a few of the South African brands
Steinhoff owns: Pennypinchers, Timbercity, Shoe City, Unitrans.
1) The Biggest
Company in Africa: Naspers – South Africa – $60B
Naspers is the biggest public company in Africa. They were founded
in 1915 and they are active in broadcasting and cable services. Its main source
of income is from internet services like classifieds, e-commerce and payment
providers. On top of that they are active in TV, print media and book
publishing. Its base of operations is in Cape Town, South Africa and they
employ roughly 24,000 people.
This list of the biggest companies in Africa was made by Fow24news.com
based on the Forbes top 2000 companies list and other publicly available
information. If you have any remarks or suggestions for fow24news.com please
leave a comment below!
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