East Africa’s top companies in 2023: Safaricom decline overshadows performance (AB)

The top 20 East African companies in our survey of Africa’s Top 250 Companies in 2023 are valued at just 3.29% of the worth of our entire Top 250, a significant fall from the 3.52% recorded last year – though the number of entrants remains the same at 19. The fall is entirely explained by lower values for Kenyan companies, which are now collectively valued at 2.1% of our pan-African table, down from 2.7% in our 2022 rankings, while there were actually small rises for the listed Tanzanian and Ugandan companies.  Click here to read full text article