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.
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)
