According to a report by African Financials, a company that helps businesses grow, 30 of these organizations have been extraordinary all year round as they stand as the top 30 companies in Sub-Saharan Africa, aside from South Africa. This study, which includes the Top 30 firms in Sub-Saharan Africa by market capitalization, except for South Africa, is an update as of November 2023.
The report notes that “Sub-Saharan Africa’s (excluding South Africa’s) stock markets rose by 7.2% in US$ terms in November and are down 12.8% year to date,” demonstrating a huge confidence in Africa’s business network.
The new entrants on the list include Airtel Uganda, FBN Bank (Nigeria), Dangote Sugar, and NMB Bank (Tanzania), and companies no longer on the list are, First Capital Holdings, NMB Bank Malawi, Helios Towers, Airtel Malawi.
