In depth

Africa’s Top 500 Companies

Africa’s Top 500 Companies

Find out who are the biggest winners in our exclusive ranking of Africa's top 500 companies. As the effects of the pandemic continue to rattle through the economies of the continent, companies who have jumped early on the digitisation path have thrived.

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top 500 companies
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The Africa Report’s exclusive ranking: Top 500 Companies

After the damage caused by the Covid-19 pandemic in 2020, the financial year 2021 will undoubtedly be a period of significant rebound for most African companies. This is evidenced by the turnover of the Algerian giant Sonatrach (#1), which in 2021 soared by 70%. Meanwhile, our latest edition of the Top 500 Companies ranking, which focuses on the performance of companies in their financial year 2020, was marked by a depression.

A pedestrian walks on a sideway outside the Safaricom mobile phone customer care centre in the central business district of Nairobi
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Dial for dollars
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Top 500 Companies: Safaricom calling Ethiopia

Few companies can claim success on the scale of Kenyan telecoms operator Safaricom (#56). Since it was founded, in 1997, it has grown to become East Africa’s second most valuable firm in The Africa Report’s Top 500 Companies ranking, with a domestic subscriber base that represents two thirds of Kenyan mobile users. Its market capitalisation of $12.5bn is nearly twice that of the nine next biggest Kenyan companies combined.

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