africon regularly speaks at industry events, where we highlight key trends and opportunities across African markets. In some of our presentations, we’ve showcased this slide that shows the rise of billion-dollar revenue companies on the continent as part of broader discussions on market entry and strategic growth in Africa.
According to McKinsey’s Reimagining Economic Growth in Africa report, Africa is home to at least 345 companies generating over $1 billion in annual revenue, with more than 40% headquartered in South Africa. The report further estimates that these large companies could collectively increase their revenues by over $550 billion by 2030, reflecting the continent’s dynamic business landscape. We complemented these findings with additional Africa-specific insights, including the breakdown of ownership structures: 44% of these companies are publicly traded, 40% are privately held, and 16% are state-owned.
For our clients and the broader community, these insights offer valuable guidance when evaluating partnerships, distribution networks, or customer segments in Africa. At africon, we tailor such intelligence to support companies in their strategic planning and market prioritisation.
What is your potential in Africa? If you have any questions, contact us at info@africon.de.
Read previous SOTMs (Slides of the month) here
Slide of the month (SOTM) June. Where is diesel generator demand rising in Africa?
Slide of the month (SOTM) May. What do emission standards look like across Africa?
Slide of the Month (SOTM) March. Nigeria dominates West Africa’s growing pharmaceutical market
Slide of the Month (SOTM) February. How many vehicles in operation (VIO) does Nigeria have?
