Africa has become the business hub in which multinational companies use to grow and expand across the globe. Our mineral resources, culture, drive to grow, drive for civilization has made it easy for investors to come in and thrive.
This list is a compilation of Africa’s biggest companies based on their financial performance.
Without much ado check out the Top 5 biggest African firms.
Sonatrach $58.7 billion,
Algeria’s oil and gas giant Sonatrach, is the first listed company in Africa and the 12th company in the world. Sonatrach is an Algerian government-owned company formed to exploit the hydrocarbon resources of the country. It has some concessions in Libya, Mauritania, Peru, Yemen and Venezuela.
It also does work in other industries, such as desalination of seawater and power generation and invests in or owns 18 major companies, including an airline. It is the 14th World Petroleum Company, the fifth largest exporter of natural gas, the sixth world company for Natural Gas and the fourth largest exporter of LNG. The company operates in several regions of the world apart from the continent, including Europe, Latin America and the USA.
Sonangol $22.2 billion,
Angolan oil giant Sonangol is practically a monopoly in the country, which is Africa’s third-biggest oil producer. Under its umbrella sits over 30 subsidiaries – most of which do business with Sonangol to help it reach its needs. These include railways, transport systems, telecommunications companies and refinery facilities located across the globe.
Sasol $18.3 billion,
SASOL, is an integrated energy and chemical company based in Johannesburg, South Africa. The company was formed in 1950 in Sasolburg, South Africa and it is the world’s first oil-from-gas company. It develops and commercialises technologies, including synthetic fuels technologies, and produces different liquid fuels, chemicals and electricity.
SASOL has interests in coal, oil, gas and more. It recently made a$21 billion investment in a gas-to-fuel plant in the US and has a presence in 38 countries. It can be found on every continent and is very active in the African energy market. SASOL is said to contribute four percent of South Africa’s GDP.
MTN Group $17.2 billion,
Established in 1994 and formerly known as M-Cell, MTN Group is a South African-based multinational mobile telecommunications company, operating in many African, European and Asian countries. Its head office is in Johannesburg. As of 30 September 2015, MTN recorded over 300 million subscribers across its operations.
Though it is the smaller of South Africa’s two mobile giants, MTN has a much larger global reach than its competitors. It is present in sixteen African countries and several in the Middle East.
The Bidvest Group $16.5 billion,
The Bidvest Group Limited is an international investment holding company with investments across the foodservice, broad services, trading and distribution industries.
An international services, trading and distribution company, Bidvest Group was founded in 1988 and listed on the Johannesburg Stock Exchange in 1990. Bidvest operates in four continents and employs 105,000 people worldwide. While its roots remain firmly South African, it deals in many areas from travel to food services. it has businesses in the fields of stationary, medical waste management and industrial lighting.