{"id":1904,"date":"2017-03-23T13:00:49","date_gmt":"2017-03-23T12:00:49","guid":{"rendered":"https:\/\/blog.iese.edu\/africa\/?p=1904"},"modified":"2017-04-04T16:31:10","modified_gmt":"2017-04-04T15:31:10","slug":"top-10-companies-in-africa","status":"publish","type":"post","link":"https:\/\/blog.iese.edu\/africa\/2017\/03\/23\/top-10-companies-in-africa\/","title":{"rendered":"Top-10 companies in Africa"},"content":{"rendered":"

The Africa Report<\/em><\/a> published recently their list of Top-500 African companies <\/strong>in terms of turnover (2015 figures). Let\u2019s focus on the Top-10. As the tables below show, at the level of the continent there\u2019s hardly any variation relative to the previous rank, while sub-Saharan Africa (SSA) shows more action.<\/p>\n

\"MTN,<\/a>
MTN, one of Africa\u2019s Top-10 companies<\/figcaption><\/figure>\n

Top climbers<\/u>:<\/p>\n

    \n
  • Energies Nouvelles<\/strong> (#233), construction, Republic of Congo, $558.5 Million turnover (+74%).<\/li>\n
  • Ercinn<\/strong> (#316), construction, Ivory Coast, $399.5 Million turnover (+73%).<\/li>\n
  • Pioneers Holding<\/strong> (#231), financial services, Egypt, $559.7 Million turnover (+65%).<\/li>\n
  • Palm Hills Development Co.<\/strong> (#279), construction, Egypt, $458.7 Million turnover (+56%).<\/li>\n
  • PSG Group <\/strong>(#104), diversified, South Africa, $1.29 Billion turnover (+37%).<\/li>\n<\/ul>\n

    Top fallers<\/u>:<\/p>\n

      \n
    • Oando<\/strong> (#154), petroleum services, Nigeria, $802.6 Million turnover (-65%).<\/li>\n
    • Middle East Oil Refineries <\/strong>(#91), petroleum services, Egypt, $1.53 Billion turnover (-56%).<\/li>\n
    • Egypt Kuwait Holding Co.<\/strong> (#359), diversified, Egypt, $341.2 Million turnover (-52%).<\/li>\n
    • Sonangol<\/strong> (#2), petroleum, Angola, $17.27 Billion turnover (-49%).<\/li>\n
    • Grindrod<\/strong> (#198), transport, South Africa, $661 Million turnover (-45%).<\/li>\n<\/ul>\n

      Top-10 Companies in Africa<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
      Rank \u201816<\/strong><\/td>\nRank \u201815<\/strong><\/td>\nCompany<\/strong><\/td>\nIndustry<\/strong><\/td>\nCountry<\/strong><\/td>\n<\/tr>\n
      1<\/td>\n1<\/td>\nSonatrach<\/td>\nPetroleum<\/td>\nAlgeria<\/td>\n<\/tr>\n
      2<\/td>\n2<\/td>\nSonangol<\/td>\nPetroleum<\/td>\nAngola<\/td>\n<\/tr>\n
      3<\/td>\n4<\/td>\nThe Bidvest Group<\/td>\nDiversified<\/td>\nSouth Africa<\/td>\n<\/tr>\n
      4<\/td>\n3<\/td>\nSasol<\/td>\nChemicals<\/td>\nSouth Africa<\/td>\n<\/tr>\n
      5<\/td>\n5<\/td>\nEskom<\/td>\nUtilities<\/td>\nSouth Africa<\/td>\n<\/tr>\n
      6<\/td>\n6<\/td>\nMTN Group<\/td>\nICT \/ Telecoms<\/td>\nSouth Africa<\/td>\n<\/tr>\n
      7<\/td>\n7<\/td>\nSteinhoff International Holdings<\/td>\nWood and paper<\/td>\nSouth Africa<\/td>\n<\/tr>\n
      8<\/td>\n8<\/td>\nShopRite Holdings<\/td>\nRetail<\/td>\nSouth Africa<\/td>\n<\/tr>\n
      9<\/td>\n10<\/td>\nBidCorp (ex Bidvest Foods)<\/td>\nAgribusiness<\/td>\nSouth Africa<\/td>\n<\/tr>\n
      10<\/td>\n9<\/td>\nImperial Holdings<\/td>\nDiversified<\/td>\nSouth Africa<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

      Top 10 Companies in sub-Saharan Africa (excluding South Africa)<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
      Rank \u201816<\/strong><\/td>\nRank \u201815<\/strong><\/td>\nCompany<\/strong><\/td>\nIndustry<\/strong><\/td>\nCountry<\/strong><\/td>\n<\/tr>\n
      2<\/td>\n2<\/td>\nSonangol<\/td>\nPetroleum<\/td>\nAngola<\/td>\n<\/tr>\n
      19<\/td>\n19<\/td>\nReal Estate Investments Zambia<\/td>\nConstruction<\/td>\nZambia<\/td>\n<\/tr>\n
      35<\/td>\n27<\/td>\nMTN Nigeria<\/td>\nICT \/ Telecoms<\/td>\nNigeria<\/td>\n<\/tr>\n
      45<\/td>\n52<\/td>\nSoci\u00e9t\u00e9 Ivoirienne de Raffinage<\/td>\nRefining<\/td>\nC\u00f4te d’Ivoire<\/td>\n<\/tr>\n
      53<\/td>\n59<\/td>\nDangote Cement<\/td>\nConstruction<\/td>\nNigeria<\/td>\n<\/tr>\n
      57<\/td>\n66<\/td>\nEthiopian Airlines<\/td>\nAir transport<\/td>\nEthiopia<\/td>\n<\/tr>\n
      68<\/td>\n80<\/td>\nSafaricom<\/td>\nICT \/ Telecoms<\/td>\nKenya<\/td>\n<\/tr>\n
      70<\/td>\n78<\/td>\nTotal Kenya<\/td>\nPetroleum services<\/td>\nKenya<\/td>\n<\/tr>\n
      76<\/td>\n88<\/td>\nFlour Mills of Nigeria<\/td>\nAgribusiness<\/td>\nNigeria<\/td>\n<\/tr>\n
      79<\/td>\n87<\/td>\nKansanshi Mining<\/td>\nMining<\/td>\nZambia<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

      Only 3 sectors (construction, textiles and utilities) saw their overall turnover grow in 2015. By far, the largest climbers were the 50 construction companies in the ranking, which recorded 14% growth. In fact, 3 out of the 5 top climbers operate in the construction sector. All other sectors experienced decreases in overall turnover from 2014 to 2015.<\/p>\n

      For 3 years running, Africa\u2019s Top-500 companies have been producing lower overall turnover. Since 2012 this figure has decreased from $736.8 billion to $610.4 billion. Besides, profits also crashed down hard between 2014 and 2015.<\/p>\n

      Potential explanations for this negative situation might be:<\/p>\n

        \n
      • Currency shifts<\/u>: two of Africa\u2019s largest economies, Egypt<\/strong> and Nigeria<\/strong>, experienced foreign-currency crunches<\/strong> in 2016. They both combine for 3 out of the 5 top fallers in the continent.<\/li>\n<\/ul>\n
          \n
        • Global uncertainty<\/u>: the world is facing an environment of international political uncertainty that will surely impact several other socio-economic aspects such as trade, migration or investment. Unfortunately, Africa might suffer from it as well.<\/li>\n<\/ul>\n

          Variations in the Top-10 companies in SSA (excluding South Africa).<\/p>\n

            \n
          • Companies that came out of the Top-10:\n
              \n
            • Soci\u00e9t\u00e9 Nationale des Hydrocarbures<\/strong>, petroleum, Cameroon.<\/li>\n
            • Oando<\/strong>, petroleum services, Nigeria. Oando has experienced the harshest drop in the Top-500 companies (-65%<\/strong> in their turnover from 2014 to 2015).<\/li>\n
            • Compagnie Mini\u00e9re de l\u2019Ogoou\u00e9<\/strong>, mining, Gabon.<\/li>\n<\/ul>\n<\/li>\n
            • Companies that came in the Top-10:\n
                \n
              • Flour Mills of Nigeria<\/strong>, agribusiness, Nigeria.<\/li>\n
              • Kansanshi<\/strong> Mining<\/strong>, mining, Zambia.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

                Cameroon has lost their only representation in the Top-10 in SSA as Soci\u00e9t\u00e9 Nationale des Hydrocarburs has dropped remarkably since last year. On the other hand, Zambia has gained one more spot within the Top-10. Kansanshi Mining has gained 8 positions and now joins the other Zambian company in the top of the ranking, Real Estate Investments Zambia.<\/p>\n

                The outlook is a bit gloomy. But Africa\u2019s potential is there for the long run. It will take patient capital to build a brighter future. What do you think?<\/p>\n

                Nadim Elayan, Research Assistant at IESE Business School, collaborated in this article.<\/em><\/p>\n

                _______________________________________________________________________________<\/p>\n","protected":false},"excerpt":{"rendered":"

                The Africa Report published recently their list of Top-500 African companies in terms of turnover (2015 figures). Let\u2019s focus on the Top-10. As the tables below show, at the level of the continent there\u2019s hardly any variation relative to the previous rank, while sub-Saharan Africa (SSA) shows more action. Top climbers: Energies Nouvelles (#233), construction, […]<\/p>\n","protected":false},"author":1654,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[100235,85385,99106],"tags":[25837,77612,100551,100549,100548,24387,93547],"class_list":["post-1904","post","type-post","status-publish","format-standard","hentry","category-differences-within-africa","category-doing-business-in-africa","category-future-and-perspectives-for-africa","tag-algeria","tag-angola","tag-mtn-group","tag-sonangol","tag-sonatrach","tag-south-africa","tag-top-companies-in-africa","megacategoria-mc-africa"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.iese.edu\/africa\/wp-json\/wp\/v2\/posts\/1904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.iese.edu\/africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.iese.edu\/africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/africa\/wp-json\/wp\/v2\/users\/1654"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/africa\/wp-json\/wp\/v2\/comments?post=1904"}],"version-history":[{"count":5,"href":"https:\/\/blog.iese.edu\/africa\/wp-json\/wp\/v2\/posts\/1904\/revisions"}],"predecessor-version":[{"id":1912,"href":"https:\/\/blog.iese.edu\/africa\/wp-json\/wp\/v2\/posts\/1904\/revisions\/1912"}],"wp:attachment":[{"href":"https:\/\/blog.iese.edu\/africa\/wp-json\/wp\/v2\/media?parent=1904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.iese.edu\/africa\/wp-json\/wp\/v2\/categories?post=1904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.iese.edu\/africa\/wp-json\/wp\/v2\/tags?post=1904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}