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MTN Group has emerged as the best-performing company in Sub-Saharan Africa in 2023, and Dangote Group is the second-best.
MTN Group has emerged as the best-performing company in Sub-Saharan Africa in 2023, and Dangote Group is the second-best. Dangote Group has emerged as the second-best performing company in Sub-Saharan Africa in 2023 after MTN. In a report compiled by African Financials, the business consultancy firm, South Africa’s MTN Group, Dangote, and other companies have been extraordinary all year round as they stand as the top 30 companies in Sub-Saharan Africa, aside from South Africa. Except for South Africa, the Top 30 companies in Sub-Saharan Africa by market capitalization are included in this research, which is an update as of November 2023.
According to the research, there is a great deal of confidence in Africa’s business network since Sub-Saharan Africa’s (excluding South Africa’s) stock markets rose by 7.2% in USD terms in November and are down 12.8% year to date.
Top ten best-performing companies for 2023
- MTN Group
- Dangote Cement
- MTN Nigeria
- Airtel Africa
- Endeavour Mining
- BUA Foods
- BUA Cement
- Safaricom
- Orange-CI
- Sonatel
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Airtel Uganda, FBN Bank (Nigeria), Dangote Sugar, and NMB Bank (Tanzania) are among the newcomers to the list. First Capital Holdings, NMB Bank Malawi, Helios Towers, and Airtel Malawi are among the companies that have withdrawn from the list.
