Decline in Market Capitalisation Among Africa’s Top 250 Companies

Decline in Market Capitalisation Among Africa's Top 250 Companies
Decline in Market Capitalisation Among Africa's Top 250 Companies

Africa’s largest corporations have experienced a decrease in market value, significantly influenced by the South African multinational Naspers.

As of March 31, 2024, the collective market capitalisation of the continent’s top 250 listed companies totaled $505 billion, a 9% drop from the previous year’s $556 billion, underscoring a continued downward trajectory in market capitalisation since the peak of $948 billion in 2015.

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This figure even falls short of the $597 billion reported in March 2020 amidst the Covid-19 pandemic, signaling a retreated optimism from the near breakthrough of the $1 trillion mark anticipated several years earlier.

SOURCE: AFRICAN BUSINESS

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