In a recent assessment conducted by African Financials, Dangote Group has achieved the noteworthy position of the second-best performing company in Sub-Saharan Africa for the year 2023.
The report, which highlights the exceptional performance of various enterprises, including South Africa’s MTN Group, underscores the prominence of these companies within the top 30 across the region, excluding South Africa.
The comprehensive study, updated as of November 2023, encompasses the Top 30 companies in Sub-Saharan Africa by market capitalization, excluding South Africa.
The research reflects a positive sentiment towards Africa’s business landscape, noting a robust performance as “Sub-Saharan Africa’s (excluding South Africa’s) stock markets rose by 7.2% in US$ terms in November and are down 12.8% year to date.”
This data underscores the resilience and confidence in the business networks shaping the region’s economic trajectory.
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