Ranking Breakdown

Top 500 Companies: A year of rebound as cumulative turnover hits $665bn

in depth

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Wealth creators

By Pierre-Olivier Rouaud

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Posted on March 15, 2023 16:14

A fanfare of recovery is how our ranking of the top 500 African companies might be best described, with profits amount to $80,84bn in total. For this 24th edition, which covers 2021, our cumulative continental turnover for the ranking has jumped nearly 12%.

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.

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