South African firms still dominate our ranking of Africa’s top 250 companies by market capitalisation, but firms from the continent’s faster growing economies have increased their presence in the 2019 ranking, as Tom Minney reports. Business in Africa is changing, highlighted by new companies in entertainment, health, construction and food entering the top continent’s top business ranking.
Although mining, financial services and telecoms still take most of the top spots in Africa’s Top 250 Companies 2019, measured by value, Africa’s biggest company is a forward-facing global media giant which just announced plans to spin off some holdings this year and create Europe’s largest listed consumer Internet company. Another trend is that companies in several of the fast-growing African economies are eating into the number of South African firms in the top ranking, which although they are still dominant make up a little under half the companies featured.
Biggest gains go to Egyptian companies whose number in the top 250 ranking rises to 39, from 34 last year. Zimbabwe has nine companies, up from five last year, and Kenya added two to total 14 companies.
CENTER FOR AFRICAN STUDIES
Center for Africa Studies (AFRAM) which located in Ankara, is an organization facilitating under the administration of African Affairs Council (AFAC). It makes various researches about Africa to enhance economic and cultural bounds between Africa and Turkey. AFRAM’s publishings has been shared with different institutions as they require to obtain.
Africa Observatory is one the publishing of AFRAM and it has been published each two weeks. It has been delivered to different institutions via e-mail.