Beermaker Cervejas de Moçambique on list of 250 largest companies in Africa

24 June 2015

Beermaking company Cervejas de Moçambique is the only Mozambican company and only company in Portuguese-speaking Africa to make it on to the list drawn up by African Business magazine of 250 largest companies in Africa by market capitalisation.

Cervejas de Moçambique, which is on the list for the first time, is ranked in 233rd place with a market capitalisation of US$397 million.

The African Business list is dominated by listed companies from South Africa, which occupy the first 14 places, with the Anglo-Australian mining group BHP Billiton in first with a listed value of US$122.089 billion.

The magazine explained this situation was due to the maturity of the Johannesburg Stock Exchange, a stock market that is already recognised internationally, as well as the relative weakness of other stock markets across the continent.

The magazine also noted that the first 10 companies on the list – all listed in South Africa – account for nearly half the market capitalisation of the 250 largest companies in Africa.

After BHP Billiton, the remaining nine first places are occupied by SAB Miller (food and beverage), Naspers (media), Richemont (non-food consumer products), MTN Group (telecommunications), FirstRand (financial services), Standard Bank Group (financial services), Sasol (petrochemicals), Steinhoff International (non-food consumer products) and Anglo American (mining and metals). (macauhub/MZ)