Countries are racing to vaccinate their population and open their economics, however Covid-19 pandemic continues to affect African economies and lives, causing deeper and longer lasting economic damage.

This ranking shows how well Africa’s leading business have been able to strive in the storm. Companies are ranked based on their market capitalisation, value of their shares listed for trading on a stock exchange. Many have seen huge gains compared to last year.

Here are the top 50 African companies in 2021:

Ranking 2021	Ranking 2020	Company	Sector	Country
1	2	Naspers	Consumer Non-Cyclicals	South Africa
2	4	Anglo American	Metals & Mining	South Africa
3	5	Anglo American Platinum	Non-Energy Materials	South Africa
4	6	FirstRand	Finance	South Africa
5	7	Vodacom Group	Telecommunications	South Africa
6	25	Impala Platinum Holdings	Non-Energy Materials	South Africa
7	9	Standard Bank Group	Finance	South Africa
8	8	Maroc Telecom	Telecommunications	Morocco
9	10	Safaricom	Telecommunications	Kenya
10	17	Kumba Iron Ore	Non-Energy Materials	South Africa
11	22	Sibanye Stillwater	Non-Energy Materials	South Africa
12	16	Capitec Bank Holdings	Finance	South Africa
13	20	MTN Group	Telecommunications	South Africa
14	12	South32	Metals & Mining	South Africa
15	15	Attijariwafa Bank	Finance	Morocco
16	37	Airtel Africa	Telecommunications	Nigeria
17	11	AngloGold Ashanti	Non-Energy Materials	South Africa
18	42	Sasol	Non-Energy Materials	South Africa
19	14	Sanlam	Finance	South Africa
20	21	Dangote Cement	Non-Energy Materials	Nigeria
21	47	Northam Platinum	Non-Energy Materials	South Africa
22	19	Gold Fields	Non-Energy Materials	South Africa
23	23	MTN Nigeria	Telecommunications	Nigeria
24	31	Absa Group	Finance	South Africa
25	24	Bid Corp	Consumer Services	South Africa
26	29	Shoprite Holdings	Consumer Non-Cyclicals	South Africa
27	34	BUA Cement	Non-Energy Materials	Nigeria
28	33	Discovery	Finance	South Africa
29	28	Banque Centrale Populaire	Finance	Morocco
30	18	Commercial International Bank	Finance	Egypt
31	30	B2gold Corp	Metals & Mining	Namibia
32	35	Nedbank Group	Finance	South Africa
33	41	Aspen Pharmacare Holdings	Healthcare	South Africa
34	70	African Rainbow Minerals	Non-Energy Materials	South Africa
35	50	Exxaro Resources	Energy	South Africa
36	40	LafargeHolcim Maroc	Non-Energy Materials	Morocco
37	36	Old Mutual	Finance	South Africa
38	56	Pepkor	Consumer Cyclicals	South Africa
39	32	Clicks Group	Consumer Non-Cyclicals	South Africa
40	38	Bidvest Group	Consumer Cyclicals	South Africa
41	52	Multichoice	Telecommunications	South Africa
42	26	Remgro	Finance	South Africa
43	108	Bank of Africa (formerly BMCE)	Finance	Morocco
44	64	Woolworths Holdings	Consumer Non-Cyclicals	South Africa
45	51	Investec	Finance	South Africa
46	53	Mr Price Group	Consumer Non-Cyclicals	South Africa
47	55	Rand Merchant Investment	Finance	South Africa
48	43	Mediclinic International	Healthcare	South Africa
49	48	Growthpoint Properties	Finance	South Africa
50	91	The Foschini Group	Consumer Cyclicals	South Africa

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