German company Statista specialized in market and consumer data ranked Morocco’s main telecommunication company Maroc Telecom and Attijariwafa Bank, the multinational financial service, among Africa’s 20 leading companies in 2022.
The report, published in August, classified the companies based on market capitalization, which means the total dollar market value of a company’s shares of stocks.
On top of the list is the South African international company, Naspers. First established in 1915, the company went public in 1994 and then expanded over the years.
Naspers now is among the leaders in the digital and technological market, after progressively rising from 2013 onward, the company’s total income in 2020 was roughly 22 billion dollars.
Maroc Telecom occupies the 13 spot on the list with a market value of 11.782 million US dollars.
On the 19 spot is Attijariwafa Bank with 10.250 million US dollars of market value.
The largest South African insurance company Sanlam is active in Morocco, taking the 17 spot on the list with a market value of 11.003 million US dollars.Sanlam’s acquisition of Saham finances in 2018 made it Africa’s biggest non-banking financial services.
The company has always contributed to board-based African economic development.
South African businesses dominate the report by occupying 15 spots out of 20.
There are many innovative businesses operating in Africa. These businesses result in very high profits benefiting the African continent.
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