NEWLY LISTED BUA FOODS NOW 9TH MOST CAPITALISED COMPANY IN SUBSAHARAN AFRICA, SEE THE FULL LIST

BUA Foods which was listed in the Nigerian Exchange few months ago is already the ninth most capitalised  company in Sub-Saharan Africa, according to the latest monthly market report by AfricanFinancials. The report is for the month of January, 2022.

The same report also listed its sister company,  BUA Cement as the sixth most capitalised for the month of January, 2022..

BUA Foods breaking into the mould is commendable given the fact that it joined the Nigerian Exchange  few months ago. Yet it has become one of the top 30 most capitalised companies in the subregion.

Meanwhile, South Africa’s multinational telecommunications company, MTN Group, has been listed as the biggest company in Sub Saharan Africa (SSA) by market capitalisation

The report is a compilation of the most valuable brands by analysts to help investors who use the market capitalisation information to obtain a quick estimate of a company’s overall value.

In the report titled “Sub-Sahara Africa Top 30 Companies”, MTN Group had the highest market capitalisation among other companies in the region, followed by East Africa’s largest network operator, Safaricom. Dangote Cement ranked third on the list, followed by MTN Nigeria, a subsidiary of MTN Group, and Airtel Africa.

The report highlighted BUA Foods (Nigeria) and Access Bank (Nigeria) as new entrants in the Top 30 list, replacing Jumia Technologies and Ireland Blyth. Furthermore, the report stated that seven sub-Saharan African stock markets had positive year-to-date US$ returns as of 31 January 2022. These markets are: Nigeria 8.6%, Zimbabwe 6.1%, Tanzania 2.4%, Mauritius 1.8%, Seychelles 1.7%, Botswana 1.6%, Namibia 0.3%.

COMPANY MARKET CAPITALISATION – US $ (Millions)
MTN Group 23,401
Safaricom 13,014
Dangote Cement 10,733
MTN Nigeria 9,716
Airtel Africa 7,762
BUA Cement 5,791
Endeavour Mining 5,663
IHS Towers 3,924
BUA Foods 2,802
Nestle Nigeria 2,749
SONATEL 2,388
Vivo Energy 2,270
MTN Ghana 2,174
Helios Towers 2,080
Zenith Bank 1,977
GTB 1,913
Zimplats 1,894
MCB 1,815
AVZ Minerals 1,752
Equity Bank 1,646
Tanzania Breweries 1,392
KCB Bank 1,271
EABL 1,149
MTN Uganda 1,127
Seplat Energy 1,123
Stanbic IBTC 1,120
First Bank 4tNigeria 998

 

Lafarge Africa 997
Nigerian Breweries 936
Access Bank 851

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