Categories: Stories

Delta, Econet among top 30 companies in sub-Saharan Africa

Zimbabwe’s top listed companies Delta Corporation and Econet Wireless have been listed among the 30 biggest companies by market capitalisation in sub-Saharan Africa excluding South Africa for the period ending November.

According to a report released by the United Kingdom-based Harland Peel Africa Equity Research on Wednesday, Delta ended the month of November ranked 16 with a market capitalisation of $1.396 billion while Econet was the 22nd biggest firm, with a market capitalisation of $1.130 billion.

Delta’s market capitalisation was, however, down from $1.6 billion in October when it was ranked 19. Harland Peel noted that overall, market capitalisation of the Top 30 companies was down 10.3 percent in November on negative currency movement.

Nigerian companies Dangote Cement and Nigerian Breweries are listed as the top companies with market capitalistion of $17.169 billion and $7.29 billion respectively.

The Zimbabwe Stock Exchange is ranked sixth best with a market capitalisation of $5.1 billion for the period, some way behind Nigeria which was atop at $63 billion.- The Source

(74 VIEWS)

This post was last modified on %s = human-readable time difference 5:33 pm

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Can the ZiG sustain its rally against the US dollar?

Zimbabwe’s battered currency, the Zimbabwe Gold, which was under attack until the central bank devalued…

November 10, 2024

Will Mnangagwa go against the trend in the region?

Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…

October 22, 2024

The Zimbabwe government and not saboteurs sabotaging ZiG

The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…

October 20, 2024

The Zimbabwe Gold will regain its value if the government does this…

Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…

October 16, 2024

Is Harare the least democratic province in Zimbabwe?

Zimbabwe’s capital, Harare, which is a metropolitan province, is the least democratic province in the…

October 11, 2024

Zimbabweans against extension of presidential term in office

Nearly 80% of Zimbabweans are against the extension of the president’s term in office, according…

October 11, 2024