As of January 24, 2025, Naspers Limited is the most valuable company in Africa, with a market cap of $33.21 billion. Following it are Firstrand Limited ($23.27 billion) and STANDARD BANK GROUP LIMITED ($19.18 billion).
Which one is the most valuable in Africa by market cap?
This list comprises the biggest companies currently in Africa by market cap in 2024:
Africa’s Largest Companies by market capitalization, 2024
| RANK | COMPANY | MARKET CAPITAL (USD DOLLAR) |
|---|---|---|
| 1 | NASPERS LIMITED | $33.21 billion |
| 2 | FIRSTRAND LIMITED | $23.27 billion |
| 3 | STANDARD BANK GROUP LIMITED | $19.18 billion |
| 4 | CAPITEC BANK HOLDINGS LIMITED | $18.24 billion |
| 5 | GOLD FIELDS LIMITED | $14.47 billion |
| 6 | ATTIJARIWAFA BANK SA | $12.36 billion |
| 7 | VODACOM GROUP LIMITED | $11.19 billion |
| 8 | MTN GROUP LIMITED | $10.9 billion |
| 9 | SANLAM LIMITED | $9.17 billion |
| 10 | ANGLO AMERICAN PLATINUM LIMITED | $8.59 billion |
| 11 | SHOPRITE HOLDINGS LTD | $8.37 billion |
| 12 | BID CORPORATION LIMITED | $8.32 billion |
| 13 | ABSA GROUP LIMITED | $8.27 billion |
| 14 | ITISSALAT AL-MAGHRIB (IAM) S.A. | $7.98 billion |
| 15 | NEDBANK GROUP LIMITED | $6.95 billion |
| 16 | DISCOVERY LIMITED | $6.57 billion |
| 17 | HARMONY GOLD MINING COMPANY LIMITED | $6.51 billion |
| 18 | KUMBA IRON ORE LIMITED | $6.02 billion |
| 19 | INVESTEC GROUP | $5.87 billion |
| 20 | SAFARICOM PLC | $5.86 billion |
| 21 | AFRICAN EXPORT-IMPORT BANK | $5.85 billion |
| 22 | BANQUE CENTRALE POPULAIRE | $5.68 billion |
| 23 | OUTSURANCE GROUP LIMITED | $5.37 billion |
| 24 | PEPKOR HOLDINGS LIMITED | $5.19 billion |
| 25 | NEPI ROCKCASTLE N.V. | $4.86 billion |
| 26 | BUA FOODS PLC | $4.81 billion |
| 27 | THE BIDVEST GROUP LIMITED | $4.73 billion |
| 28 | LAFARGEHOLCIM MAROC S.A. | $4.73 billion |
| 29 | IMPALA PLATINUM HOLDINGS LIMITED | $4.63 billion |
| 30 | BANK OF AFRICA | $4.52 billion |
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