Financial services Giant Letshego Joins Top 30 as Dangote Cement is named Africa’s Largest Company

Botswana Listed Financial institution Letshego with branches in Uganda among other countries has joined the top 30 companies in Africa and outside south Africa by Market Capitalization. Valued at 763 Million dollars, Lesthego displaced FNB bank of Namibia which completely fell off the list.

Opening a Letshego branch in Rwanda
Opening a Letshego branch in Rwanda

In a survey done by London Based firm Hartland-Peel, Nigeria’s Dangote cement owned by Africa’s Richest man Aliko Dangote was found to be the largest company in Africa with a Market capitalization of 15 Billion dollars, followed by Kenya’s Telecom Giant Safaricom at 6 Billion dollars.

On list dominated by companies from Kenya and Nigeria, smaller sub Saharan African Economies like Tanzania. Botswana and troubled Zimbabwe were represented.

The report also found that the market capitalization of the Top 30 companies in Africa outside south Africa was US$73.2bn, down 3.4% on the month and down 7.8% year to date, it also found  Letshego to have gained fast and above its usual performance, putting the Loan institution on Number 29 displacing two companies and seeing one off the list.

The Money lender has seen a rise in the growth of its Business as Civil servants seek Alternative sources of capital and money in continuously unstable markets and a Deposit taking license in Botswana Pushing the company’s share price to  an unprecedented 52 percent in past one year.

TOP 30 companies in Africa

1 Dangote Cement  Nigeria               – 15 Billion Dollars

2 Safaricom Kenya                              – 6.5 Billion dollars

3 Nigerian Breweries Nigeria          –  5.9 Billion Dollars

 4 GTB Bank Nigeria                            – 4.2 Billion Dollars

5 SONATEL BRVM                              –  3.9 Billion Dollars                

6 Nestlé Nigeria                                  –  3.3 Billion Dollars

 Zenith Bank Nigeria                          –  3.3 Billion Dollars

 8 ETI Nigeria                                        – 2.4 Billion Dollars

9 East African Breweries Kenya        – 2.4 Billion Dollars

10 Lafarge Africa Nigeria                    – 2.1 Billion Dollars

11 Tanzania Breweries  Tanzania         -2 Billion Dollars

12 Equity Bank Kenya                        –  1.7 Billion Dollars

 13 KCB Bank Kenya                              -1.7 Billion Dollars

14 First Bank of Nigeria                      – 1.5 Billion Dollars

 15 Stanbic IBTC Bank Nigeria            – 1.5 Billion Dollars

16 MCB Mauritius                                  -1.4 Billion dollars

 17 Delta Corporation Zimbabwe       – 12 Billion Dollars

 18 Guinness Nigeria                            – 1.2 Billion Dollars

  19 Co-op Bank Kenya                            1.1 Billion dollars

20 FNB Botswana                                    -995 Million dollars

 21 Forte Oil Nigeria                              – 966 Million Dollars

 22 Standard Chartered Kenya           – 958 Million Dollars

23 Seplat Petroleum  Nigeria              – 940 Million dollars

 24 United Bank for Africa Nigeria      -895 Million Dollars

 25 Union Bank Nigeria Nigeria        –  861 Million Dollars

26 Barclays Bank Kenya                        – 855 million dollars

 27 Nat Microfinance Bank  Tanzania   -847 million dollars

28 BAT Kenya Kenya                               – 772 Million dolalrs

 29 Letshego Botswana                          -763 Million Dollars

30 Econet Wireless  Zimbabwe           – 738 Million dollars  


NB (Report did not account for Conglomerates and Only looked at companies within their listed countries)


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