Aug 11, 2023 – As of June 2023 Malawi companies possess the highest market capitalisation, totaling US$5.1bn. They are followed by Botswana with US$2.01bn, Namibia with US$1.97bn, Zimbabwe with US$1.67bn, and Zambia with US$1.45bn. South Central Africa’s companies are the smallest in Sub-Saharan Africa excluding South Africa with the largest company ranking number 22 …Research | Botswana, Malawi, Mozambique, Namibia, South Africa, Zambia, Zimbabwe
Aug 8, 2023 – Safaricom’s US$5.0bn market capitalisation accounts for 25% of market capitalisation of the Top 30 companies and its weighting skews the data. East Africa, Mauritius and Seychelles markets US$ returns were down 15.3% year to date in June 2023. 3 markets in the report have positive US$ returns year to date:- …Research | Kenya, Mauritius, Rwanda, Tanzania, Uganda
Aug 8, 2023 – Seed Co International Limited, reported H2 2023 earnings of US$7.2m, an improvement from US$4.3m loss in H1. Highlights: FY 2023 earnings decreased by 58% to US$2.9m from US$7.0m year prior. Sales revenue increased by 17% to US$104m in FY 2023. Operating margins remained unchanged at 15%. Seed Co is a …Flash, Research | Botswana, Zimbabwe
Aug 7, 2023 – Dangote Cement, MTN Nigeria and BUA Cement account for 42% of the Top 30 in West Africa as of 30 June 2023. BRVM and Ghana had positive YTD US$ returns of of 0.6% and 3.0% respectively, while Nigeria had negative YTD US$ returns of 28.4%. Fundamental valuation outliers NOTE: Valuations …Research | Benin, Gambia, Ghana, Ivory Coast, Nigeria, Senegal, Togo
Aug 1, 2023 – Zambeef Products Plc sales increased by 8% to ZKw2.8bn (US$158 million). Highlights: Zambeef announced a US$100m expansion into the higher margin cropping and milling sector and exiting the lower margin pig and chicken farming in 2022, which resulted in a goodwill impairment of US$9.0m in FY 2022. 44% of Zambeef’s …Flash, Research | Zambia
May 22, 2023 – Dual listed stocks trade at sharp discounts to their home markets with Seplat Energy at 46% and Airtel Africa at 57%, in the March 2023 West Africa Top 30 report. Only Nigeria and BRVM had positive year-to-date US$ returns of 8.9% and 0.9 % respectively, while Ghana had negative year-to-date …Research | Benin, Gambia, Ghana, Ivory Coast, Nigeria, Senegal, Togo
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