Delta, Econet among top 30 companies in Africa

ZIMBABWE’s top listed companies Delta Corporation and Econet Wireless have been listed among the 30 biggest companies by market capitalisation in sub-Saharan Africa excluding South Africa for the period ending November.

According to a report released by the United Kingdom-based Harland Peel Africa Equity Research on Wednesday, Delta ended the month of November ranked 16 with a market capitalisation of $1,396 billion while Econet was the 22nd biggest firm, with a market capitalisation of $1,130 billion.

Delta’s market capitalisation was, however, down from $1,6 billion in October when it was ranked 19. Harland Peel noted that overall, market capitalisation of the Top 30 companies was down 10,3 percent in November on negative currency movement.

Nigerian companies Dangote Cement and Nigerian Breweries are listed as the top companies with market capitalistion of $17,169 billion and $7,29 billion respectively.

The Zimbabwe Stock Exchange is ranked sixth best with a market capitalisation of $5,1 billion for the period, some way behind Nigeria which was atop at $63 billion. – The Source