10 Most Valuable Companies in Africa in 2025?

Africa’s business scene in 2025 tells a clear story, a few powerful companies are shaping the future of the continent. These brands dominate because of their strength in finance, technology, telecoms, and natural resources. 

South Africa still leads the pack, but Morocco continues to rise with two strong companies holding firm positions in the top ten.

Africa’s most valuable companies come from three major sectors: banking, telecommunications, and mining. These sectors continue to attract investors because they influence daily life, from digital payments and mobile networks to gold production and cross-border trade.

South Africa dominates the list with eight major companies, while Morocco appears twice, showing the strength of its financial and telecom sectors. Here are the companies that are currently sitting at the top of Africa’s corporate ladder.

Naspers – South Africa

Market value: $40.4 billion

Naspers continues to sit comfortably at the top. Its strength comes from its global tech investments, especially through Prosus, which holds a major stake in Tencent. Although much of its structure now operates outside Africa, Naspers’ roots and influence at home remain strong. Locally, the company still plays a major role in shaping South Africa’s digital ecosystem through brands like Takealot and PayU.

FirstRand – South Africa

Market value: $21.9 billion

FirstRand keeps its place as Africa’s most valuable banking group. With First National Bank, Rand Merchant Bank, and WesBank under its umbrella, the group has built a wide presence across Southern Africa. Its success is driven by digital innovation and a strong push for modern financial services that reach millions of customers.

Standard Bank Group – South Africa

Market value: $21.6 billion

Standard Bank remains Africa’s largest bank by assets. With operations in twenty African countries, it has become a key player in continental trade and infrastructure finance. Its partnership with China’s ICBC strengthens investment links between Africa and Asia, making the bank a central player in cross-border deals.

Gold Fields – South Africa

Market value: $19.7 billion

Gold Fields has climbed into the upper ranks thanks to strong gold prices and stable production across its mines in South Africa, Ghana, Australia, and the Americas. Its ability to keep costs low while maintaining high output has helped it stand out as one of the world’s most profitable gold producers.

Capitec Bank – South Africa

Market value: $19.6 billion

Capitec’s rise is one of Africa’s biggest banking success stories. Built on a digital-first, low-cost model, the bank serves millions of customers who want simple and affordable banking. Its impressive growth shows how African consumers are shifting towards more convenient, tech-driven financial services.

AngloGold Ashanti – South Africa

Market value: $18.7 billion

As one of the world’s top gold mining companies, AngloGold Ashanti has benefited from global demand for gold as a safe investment. The company operates across Africa, the Americas, and Australia. Recent restructuring and operational improvements have helped boost its value and performance.

Attijariwafa Bank – Morocco

Market value: $15.6 billion

Attijariwafa Bank is Morocco’s biggest financial institution and a major force in North and West Africa. Its branches and partnerships help to drive trade, investment, and financial inclusion across the region. Its strong capital base keeps it competitive with South Africa’s major banking giants.

Vodacom Group – South Africa

Market value: $14.2 billion

Vodacom remains one of Africa’s largest telecom companies, serving over 130 million customers. The company continues to expand into mobile money, digital health, and internet services. A major highlight is its partnership with Elon Musk’s Starlink to deliver fast satellite internet across Africa, a big step towards reducing the continent’s digital divide.

MTN Group – South Africa

Market value: $12.6 billion

MTN is still one of the biggest telecom operators in Africa, with nearly 290 million subscribers. Beyond mobile services, MTN is now deeply involved in digital financial services, fintech solutions, and infrastructure development. Despite market pressures, the company remains extremely influential across the continent.

Maroc Telecom – Morocco

Market value: $11.2 billion

Maroc Telecom completes the list as Morocco’s flagship telecom brand. It operates across West and Central Africa through multiple subsidiaries. The company’s large customer base and leadership in francophone Africa keep it among the top players in the continent’s digital and telecom industry.