Here are the top 10 most valuable companies in Africa.

As the global economy keeps growing, so are companies around the world; African companies included. In the recent past we have witnessed African companies rising to the occasion in competing with their counterparts from advanced economies.

Some companies have seen their value grow steadily, thereby ranking as the most valued in Africa. Market capitalization is the market value of a publicly traded company’s outstanding shares, which is equal to the share price multiplied by the number of shares outstanding.

Here are the top 10 most valuable companies in Africa.

Rank

Company                                     Country                            Market cap

1. Prosus                                       South Africa                   $119.14 billion

2. Naspers                                    South Africa                   $62.26 billion

3. Financière Richemont              South Africa                   $28.00 billion

4. Anglo American                        South Africa                   $22.62 billion

5. Anglo American Platinum       South Africa                   $13.05 billion

6. Firstrand                                    South Africa                   $12.55 billion

7. Vodacom Group                       South Africa                    $12.48 billion

8. Maroc Telecom                        Morocco                           $11.08 billion

9. Standard Bank Group             South Africa                     $10.12 billion

10. Safaricom                               Kenya                              $9.97 billion

SOURCE: VICTOR MOCHERE BLOG