As of February 18, 2025, Naspers Limited is the most valuable company in Africa, with a market cap of $41.56 billion. Following it are Firstrand Limited ($22.59 billion) and STANDARD BANK GROUP LIMITED ($19.69 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 | $41.56 billion |
| 2 | FIRSTRAND LIMITED | $22.59 billion |
| 3 | STANDARD BANK GROUP LIMITED | $19.69 billion |
| 4 | CAPITEC BANK HOLDINGS LIMITED | $19.41 billion |
| 5 | GOLD FIELDS LIMITED | $17.46 billion |
| 6 | ATTIJARIWAFA BANK SA | $13.09 billion |
| 7 | VODACOM GROUP LIMITED | $12.47 billion |
| 8 | MTN GROUP LIMITED | $10.99 billion |
| 9 | SANLAM LIMITED | $9.4 billion |
| 10 | ANGLO AMERICAN PLATINUM LIMITED | $9.39 billion |
| 11 | ITISSALAT AL-MAGHRIB (IAM) S.A. | $9.24 billion |
| 12 | ABSA GROUP LIMITED | $8.56 billion |
| 13 | BID CORPORATION LIMITED | $8.48 billion |
| 14 | SHOPRITE HOLDINGS LTD | $8.08 billion |
| 15 | HARMONY GOLD MINING COMPANY LIMITED | $7.26 billion |
| 16 | NEDBANK GROUP LIMITED | $7.21 billion |
| 17 | DISCOVERY LIMITED | $6.93 billion |
| 18 | KUMBA IRON ORE LIMITED | $6.14 billion |
| 19 | INVESTEC GROUP | $6.02 billion |
| 20 | AFRICAN EXPORT-IMPORT BANK | $5.93 billion |
| 21 | BANQUE CENTRALE POPULAIRE | $5.76 billion |
| 22 | SAFARICOM PLC | $5.6 billion |
| 23 | OUTSURANCE GROUP LIMITED | $5.56 billion |
| 24 | PEPKOR HOLDINGS LIMITED | $5.51 billion |
| 25 | DANGOTE CEMENT PLC | $5.33 billion |
| 26 | NEPI ROCKCASTLE N.V. | $5.15 billion |
| 27 | IMPALA PLATINUM HOLDINGS LIMITED | $4.99 billion |
| 28 | THE BIDVEST GROUP LIMITED | $4.71 billion |
| 29 | MANAGEM S.A. | $4.59 billion |
| 30 | LAFARGEHOLCIM MAROC S.A. | $4.58 billion |
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