Records

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

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Wealth creators

By Pierre-Olivier Rouaud

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Posted on March 15, 2023 16:17

TOP500_16

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.

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