African corporate champions see bumper profits as post-Covid recovery kicks in

in depth

This article is part of the dossier:

Wealth creators

By Pierre-Olivier Rouaud

Premium badge Reserved for subscribers

Posted on March 15, 2023 16:17


The average net margin in our 2023 ranking has more than quadrupled, with companies in the extractive industry leading the way.

Success stories are back to back. The post-Covid phase, from late 2020 to 2021, saw an upturn in revenue and a dramatic increase in profits turned by Africa’s largest companies.

There's more to this story

Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Africa. Unlocked.

Subscribe Now

cancel anytime