Standing at $664.93bn, the turnover of Africa’s Top 500 is at the highest level since 2014 when it recorded $690.5bn. Nothing, however, matches 2012, which remains a high-water mark for the Top 500 with $757bn worth of earnings.
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.
Already a a subscriber Sign In
Also in this in Depth:
Beauty ContestZimbabwe is world’s most miserable country, economist’s index claims The competition is stiff in a post-Covid world of inflation and supply chain disruptions, but there is a clear winner for the title of the planet’s most miserable country, according to an index published by US economist Steve Hanke.
missing linksTanzania’s Standard Gauge Railway: Most advanced, but victim of minor private sector investment Tanzania’s standard gauge railway project – that seeks to open up quicker transport corridors towards the vast hinterland of Burundi, DRC, Rwanda, and Uganda – is the most advanced on the continent, but also a victim of a lack of private sector financing.
leverage acceleratorAfDB tackles climate change at annual meeting in Sharm al-Sheikh More than 4,000 people have travelled to Egypt to attend the 58th Annual Meeting of the Board of Governors of the African Development Bank (AfDB) and the 49th Meeting of the Board of Governors of the African Development Fund, both of which are currently underway. On the agenda: climate change.
Electric shockSouth Africa prepares for the worst in load shedding It only took one statement to bring South Africa’s Eskom shares into the red. On Thursday, 18 May, Calib Cassim, acting CEO of the publicly-run national power company, warned the public that a “very difficult” winter was to be expected, with load shedding reaching stage 8.