Kenya's Safaricom ranked as the leading company in East Africa as of March 2023, according to market value. The telecommunications enterprise registered a market cap of approximately 5.5 billion U.S. dollars. Second in the ranking, Tanzania Breweries in Tanzania had a market value of around 13.7 billion U.S. dollars. To follow, Equity Group Holding recorded a market value of nearly 1.3 billion U.S. dollars.
Leading companies in East Africa in 2023, by market value
(in million U.S. dollars)
The source adds the following information:
"Data relates to listed companies only. Listed companies with less than 50% of their revenues in Africa and companies that are not listed or dual-listed on an African exchange were excluded. The Top 250 survey excludes companies that have African heritage and roots but no longer earn at least 50% of their revenues in Africa. One significant example is Prosus, which emerged as Europe’s largest listed consumer internet company when it became an entity independent from its parent, South Africa’s Naspers. It listed on Euronext Amsterdam and the JSE in September 2019.
Companies with more than 50% of their revenues from Africa are excluded if they are not listed on an African stock exchange".
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African Business. (March 31, 2023). Leading companies in East Africa in 2023, by market value (in million U.S. dollars) [Graph]. In Statista. Retrieved July 24, 2024, from https://www.statista.com/statistics/1314023/leading-companies-in-east-africa-by-market-capitalization/
African Business. "Leading companies in East Africa in 2023, by market value (in million U.S. dollars)." Chart. March 31, 2023. Statista. Accessed July 24, 2024. https://www.statista.com/statistics/1314023/leading-companies-in-east-africa-by-market-capitalization/
African Business. (2023). Leading companies in East Africa in 2023, by market value (in million U.S. dollars). Statista. Statista Inc.. Accessed: July 24, 2024. https://www.statista.com/statistics/1314023/leading-companies-in-east-africa-by-market-capitalization/
African Business. "Leading Companies in East Africa in 2023, by Market Value (in Million U.S. Dollars)." Statista, Statista Inc., 31 Mar 2023, https://www.statista.com/statistics/1314023/leading-companies-in-east-africa-by-market-capitalization/
African Business, Leading companies in East Africa in 2023, by market value (in million U.S. dollars) Statista, https://www.statista.com/statistics/1314023/leading-companies-in-east-africa-by-market-capitalization/ (last visited July 24, 2024)
Leading companies in East Africa in 2023, by market value (in million U.S. dollars) [Graph], African Business, March 31, 2023. [Online]. Available: https://www.statista.com/statistics/1314023/leading-companies-in-east-africa-by-market-capitalization/
