500 Business Champions: Joining the ‘billion dollar revenue’ club

📆 3/20/2024 7:59 AM
📰 TheAfricaReport

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Fourteen companies from the continent have entered the exclusive circle of billionaire dollar companies in the 2024 edition of our exclusive ranking of the 500 African champions.

What do Cosumar , Comilog , TotalEnergies Nigeria , or the Kamoa-Kakula mine in DRC have in common?They all have, in their respective field, seen their results increase over the year 2022 to the point that they have entered the big league: the club of African companies that can boast of displaying an annual turnover of500 Business Champions 2024: Dangote, Sasol, OCP… our complete exclusive

rankingDespite global economic turmoil and multiple currency crises, the top 500 African groups are steadily continuing their ascent, with energy, mining and tourism leading the way.Rising oil prices boosted energy company revenues but did not prevent an overall drop in profit margins from our ranking.Our yearly Top 500 is put together with over three months of detailed work and a bulletproof method. Here’s how.

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500 Business Champions: Has Dangote Cement finally found the right strategy outside of Nigeria?Despite inflationary pressures and logistical constraints, the ‘king of cement’ has confirmed its rise to prominence and seems to be finding the path to profitability in pan-African markets.
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