This inaugural FT ranking, compiled with data company Statista and based on compound annual growth rate (CAGR) in revenues from 2017 to 2020, reflects big themes across African markets, both old and new. Miners owe their place to a traditional tailwind for African corporate growth: booming commodities. And they are clearly doing so, as venture capitalists and other investors are coming to African markets with bigger cheque books than ever before. Sibanye-Stillwater, a South African platinum miner that is not on this list, tripled revenues from 2018 to last year as it made deals including an entry into battery metals. M&A-driven growth could also become part of the lifeblood of Africa’s biggest fintech start-ups, both on and off this ranking.

Source: The North Africa Journal May 26, 2022 04:32 UTC