Safaricom has charged ahead to claim the top ten Africa’s biggest companies slot in the run-up to the tight elections helped by investor rush to safety and long running growth in profitability. A lot of companies have emerged in Africa across the years and have done significantly and exceptionally well, providing employment, boosting the coffers of their respective governments and also changing lives through their various social responsibilities. The following is a list of the biggest companies in Africa.
- Sonatrach – $58.7 billion
Algeria’s oil and gas giant Sonatrach is the first listed company in Africa. The company’s interests include exploration, production, pipeline, transportation, processing and marketing of hydrocarbons and their by-products. Other areas include desalination of seawater and power generation. It also invests in or owns 18 other companies. The company works in several regions of the world, including Europe, Latin America, and the USA.
- Sonangol- $22.2 billion
Angolan oil giant Sonangol is practically a monopoly in the country, which is Africa’s third-biggest oil producer. Under its umbrella sits over 30 subsidiaries – most of which do business with Sonangol to help it reach its needs. These include railways, transport systems, telecommunications companies and refinery facilities located across the globe.
- Sasol – $18.3 billion
The company’s interests include coal, oil, gas and others. Sasol is an international integrated chemicals and energy company available in 38 countries. The company leverages technologies and the expertise of 30,300 employees. It is the third of African biggest companies. It was founded in 1950 in South Africa and is listed on the JSE in South Africa and on the New York Stock Exchange in the United States.
- MTN Group – $17.2 billion
The MTN Group is the smaller of South Africa’s two mobile giants. However, it has a larger international reach than its competitors. It is available in sixteen countries in Africa and several others in the Middle East. It was founded in 1994, and by mid-2011 the group had more than 147 million subscribers. The huge number of customers put the firm among the most successful in the continent.
- Bidvest- $16.5 billion
An international services, trading and distribution company listed on the Johannesburg Stock Exchange, Bidwest operates in four continents and employs 105,000 people worldwide. While its roots remain firmly South African, it deals in many areas from travel to food services. it has businesses in the fields of stationary, medical waste management and industrial lighting.
- Eskom- $13.7 billion
It is the largest producer of power in Africa and one of the biggest in the world. It produces 95% of the power used in South Africa and 45%t of the continent’s energy requirements. It is also protected as an asset controlled by the South African government putting it into a lucrative position. The company gives South Africa another slot in the top ten biggest companies in Africa.
- Shoprite Holdings- $10.14 billion
Shoprite is a very large retail chain that has its face in 17 African countries. The business is listed on the South African, Zambian and Namibian stock exchanges. In total the group has control over or input in more than 1,700 shops – located in countries that include South Africa, Namibia, Zambia, Tanzania and Mauritius.
- Sanlam- $10.12 billion
This South African company has experienced massive growth that has seen it change from being a mere insurance company to being to being an enormous financial services group and specializes in financial planning, trusts, retirement, wills, short-term insurance, asset management, risk management and capital market activities, investment and wealth. The group provides services in South Africa, Botswana, Namibia, Malawi, Swaziland, Zambia, Rwanda, Kenya, Tanzania, Uganda, Ghana, Mozambique, Malaysia, India and the UK. The company also has business interests in the US, Australia, and the Philippines.
The Nairobi based telco has rapidly grew it subscriber base over the years helping to grow her revenues to tens of billions of shillings and claiming a monopolistic position while snuffing life out of competitors with breakneck innovation and fast to market zeal.
10.Vodacom Group- $9.2 billion
With its headquarters in Midrand, South Africa, the Vodacom employs 7,300 people via five African corporations. These businesses offer class voice, data, messaging, and segments, broadband and congregated services to over 40 million clients. The Vodacom group has achieved pole position more often than any other South African mobile network making it one of African Biggest Companies.
Even though the continent is beleaguered by a lot of problems, some companies are flourishing and changing things in many facets of life and hence they deserve the recognition.