Mozambican company included in list of Africa’s 250 largest companies

10 June 2016

Beer maker Cervejas de Moçambique is the only company from a Portuguese-speaking African country on the list of the 250 largest companies in Africa drawn up by African Business magazine, according to the May 2016 edition.

The list, sorted by market capitalisation, is dominated by companies from South Africa, which occupy the first nine places, 37 in the top 50 and 106 places in the total of the 250 largest.

According to African Business,Cervejas de Moçambique, which fell two positions from 2015 to 2016, had a market capitalisation of US$320 million.

The biggest company on this list – SABMiller – had a market capitalszation of US$98.838 billion at the end of 2015, way out ahead of mining company BHP Billiton, which was worth US$65.25 billion.

The first non-South African company to appear on this list is in 10th place, Dangote Cement of Nigeria, with a market capitalisation of US$14.367 billion. (macauhub/MZ)