Dangote Group has emerged as the second-best performing
company in Sub-Saharan Africa in 2023.
In a report compiled by African Financials, the business
consultancy firm, South Africa’s MTN Group, Dangote, and other companies have
been extraordinary all year round as they stand as the top 30 companies in
Sub-Saharan Africa, aside from South Africa.
Except for South Africa, the Top 30 companies in Sub-Saharan
Africa by market capitalization are included in this research, which is an
update as of November 2023.
According to the research, there is a great deal of
confidence in Africa’s business network since “Sub-Saharan Africa’s (excluding
South Africa’s) stock markets rose by 7.2% in US$ terms in November and are
down 12.8% year to date.”
Here are the top ten best-performing companies for 2023
1. MTN Group
2. Dangote Cement
3. MTN Nigeria
4. Airtel Africa
5. Endeavour Mining
6. BUA Foods
7. BUA Cement
8. Safricom
9. Orange-CI
10. SONATEL
Airtel Uganda, FBN Bank (Nigeria), Dangote Sugar, and NMB
Bank (Tanzania) are among the newcomers to the list. First Capital Holdings,
NMB Bank Malawi, Helios Towers, and Airtel Malawi are among the companies that
have withdrawn from the list. - Source
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