In a recent survey by McKinsey Africa undertaken in 2018, they discovered 438 businesses with $1 billion of annual sales. Of this total 25% are subsidiary group companies of foreign domicile multinationals, 50% have a local origin, 40% are publicly listed, and 60% are privately owned. In this list we only provide a sample of the largest companies in Africa, with the sample ranked by size. There are other large companies based in Africa which are not listed here.
351. Rhodes Food Group Holdings
Bruce Henderson established the Rhodes Food Group Holdings in 1999 and it is currently listed in the Johannesburg Stock Exchange. The company’s headquarters is in Western Cape, South Africa. The company focuses its business operation on processed and canned food and fruits such as jam vegetable, meat products, canned fruits, fruit juices, dry packed food, bakery, and dairy products. Its brands are Rhodes Quality, Pakco, Squish, Bull Brand and Magpie. It exports to Kinshasa (Democratic Republic of Congo, Central Africa), Addis Ababa (Ethiopia, East Africa), and Abidjan (Ivory Coast, West Africa). Its subdivisions include Musa Group and Swaziland Fruit Canners. The company has a yearly turnover of US$300million (2018 estimate) and currently has 5,000 employees on its payroll.
352. SEMAFO Burkina Faso
Semafo Burkina Faso was incorporated in 2007. The Company mines gold ores from lode deposits. SEMAFO Burkina Faso is a subsidiary of SEMAFO (a Canadian-based gold producer with over twenty years’ experience building and operating mines in West Africa). The Corporation operates two mines, the Boungou and Mana Mines in Burkina Faso. The company’s annual revenue is approximately CAD 296 million.
353. Cervejas de Mocambique
Cervejas de Moçambique produces, markets and distributes alcoholic beverages in the Republic of Mozambique. It offers lager and opaque beers. The company was incorporated in 1995 and is based in Maputo, the capital of the Republic of Mozambique. Cervejas de Moçambique is a subsidiary of AB InBev Africa BV. AB InBev is the world’s largest brewer of alcoholic drinks with annual sales of $54.6 billion (2018 estimate). The annual turnover of Cervejas de Mocambique is US$ 297million (2018 estimate).
354. Societe Nationale de Siderurgie
This company manufactures mechanical parts, steel, and iron products as well as providing maintenance and research services. It was established in 1983 and its headquarters is situated in Casablanca, Morocco. It exports to South Africa, Tunisia and Nigeria. The company’s products are machine cables, wire rods, and steel bars. The company’s annual revenue is US$295million (2018 estimate). It is owned by ArcelorMittal and the King of Morocco (through Société Nationale d’Investissement, SNI). The company has major mining sites in Nadar and Jorf Darfur. The company’s subsidiaries include Acinder Industria Argentina de Aceros S.A, ArcelorMittal Annaba Spa and Mitta Steel Liberia Limited. Its shareholder ArcelorMittal is the largest steel production privately owned company in the world, with $76.0 billion of yearly sales (2018 estimate).
355. Santova Logistics
Santova Logistics provides freight forwarding and customs clearing services, including logistics, air, and sea freight forwarding and clearing, air and sea freight export, road freight, customs and clearing, import planning and costing, customs broking, and supply chain management services. The company was founded in 1988 and is based in Kempton Park, South Africa. The annual revenue is US$5.3billion (2018 estimate).
356. Societe Marocaine de Carburants
The company was incorporated in 1968 as a private company and has its head office located in Casablanca, Morocco. Societe Marocaine de Carburants manufactures petroleum products. It stores, transports and distributes petroleum products as well as other hydrocarbons, lubricants, and gas. The company’s subsidiaries include Maghreb Petroleum Exploration S.A and L’Office Nationale des Hydrocarbures et des Mines. The company has a yearly turnover of MAD500million (2018 estimate) and currently has 294 employees on its payroll.
357. Coronation Fund Managers
The company was founded in 1993 by a group of professionals. The company’s headquarters is in Cape Town, South Africa. The company is an asset manager of institutional and retail funds. As of March 2019, it had $40.7 billion in client assets under management. Although the company is listed on the Johannesburg Stock Exchange, in South Africa, it is also present in Namibia. It employs 1,254 employees (2014 estimate). It has offices in Namibia, Durban, and Pretoria. The company’s annual turnover is ZAR3.8 billion(based on 2018 results), equivalent to $260 million per year at May 2019 exchange rates (14.49 ZAR/USD).
358. Jumia Nigeria
Jumia Nigeria was established in 2012 by Jeremy Hodara, Sacha Poignonnec, Tunde Kehinde and Raphael Kofi Afaedor. The Group Co-Chief Executive Officers of Jumia are Sacha Poignonnec and Jeremy Hodara. The CEO of Jumia Nigeria is Juliet Anannah. Jumia is an online shopping company with business interests in groceries, fashion, computing, and electronics. The Jumia Nigeria headquarters is in Lagos, Nigeria. The ultimate parent company is listed on the New York Stock Exchange (NYSE). It has a labour force of 4,000 employees (2018 estimate). The consolidated annual turnover is US$150million (2018 estimate) and Jumia has a presence in 14 African countries (some of which include Kenya, Ghana, Tanzania, Ghana, and Tunisia). It made an initial public offering on the NYSE in April 2019 and as of May 2019 had a market capitalization of $1 billion.
359. MTN Benin
MTN Benin was established in 2006. MTN Benin offers its customers a range of products and services in the field of mobile communications. Currently, MTN Benin has more than 4.2 million active subscribers in Benin and has more than 43% of the market share. This makes MTN the number one mobile service provider in Benin. MTN Benin’s distribution network is made up of more than 61,000 distributors and sales outlets across the country. MTN Benin currently employs 293 people. The annual turnover of MTN Benin is US$ 291million (2018 estimate).
360. Alexander Forbes
Alexander Forbes was formerly known as Alexander Forbes Equity Holdings Proprietary Limited before it changed its name to Alexander Forbes Group Holdings Limited in 2014. The company’s headquarters is located in Sandton, South Africa. Alexander Forbes Group Holdings Limited provides integrated retirement, investment, life, and insurance solutions for individuals and businesses in South Africa. The company’s solutions for individuals cover money management, budgeting for financial well-being, savings, investments, retirement, health insurance, and insurance to protect wealth and assets. Its solutions for businesses cover consulting and actuarial services. The annual turnover of Alexander Forbes is US$287million (2018 estimate, equivalent of R4.0 billion).
361. Misr Insurance Company
The company was established in 1934 by the Government of Egypt. Misr Insurance company is an insurer. It provides insurance services and products such as motor insurance, oil, and energy, household insurance, aviation insurance, and fidelity guarantee insurance services. Its headquarters is located in Cairo, Egypt. Its subsidiaries are Misr Insurance Holdings Company, Al-Sharq Insurance company and Allied Arab Assurance Brokerage S.A.E. The company also has a presence in Cameroon, Morocco and Algeria. The annual turnover of the Misr Insurance company is US$431million (2018 estimate, EGP 7.4 billion).
362. Ascendis Health
Ascendis Health is a health and wellness company established in 2008 by Dr. Kastern Weller. The company was listed in the Healthcare sector of the Johannesburg Stock Exchange in 2013. Ascendis Health has four divisions: Ascendis Medical, a provider of private hospitals and dispending doctors; Ascendis Pharma, involved in drug manufacture; a Consumer Brands division, involved in manufacturing products for the Skin & Body, Sports Nutrition and Wellness markets; and the Animal Health division. The company’s headquarters is located in Johannesburg South Africa. Its subsidiaries are Ascendis Pharma (Pty) Ltd, Ascendis Consumer Brands (Pty) Ltd and The Scientific Group (Pty) Ltd. The company has brands such as Bettaway, Junglevites, Manacal 7, Nimue, Solal, Vitaforce. It has a presence in Nigeria, Namibia, Ghana and other countries. The annual turnover of Ascendis Health is US$542million (2018 estimate, equivalent of ZAR7.7 billion) and currently has 7,000 employees on its payroll.
363. Quantum Foods Holdings
Quantum foods holdings manufactures and markets diverse feeds and poultry products. Andre Hugo Muller founded the company in 2013. Its headquarters is located in Wellington, South Africa. The company’s products include farming and Animal Feeds. It distributes products like eggs, day-old pullet, hatching eggs under Bergvlei Chick Brands. It has brands such as Gloves, Mega Eggs, Nulaid, Safe Eggs, Quantum Nest Eggs. The company’s subsidiaries are Quantum Foods (Pty)Ltd, Quantum Food Proprietary Limited and Quantum Foods Mozambique S.A. The annual turnover of Quantum foods holdings is US$287million (2018 estimate, equivalent ot ZAR4.1 million). The company currently has 269 employees on its payroll.
364. Kenya Electricity Generating Company
The Kenyan government established the Kenya Electricity Generating Company in 1959. Its headquarters is in Nairobi, Kenya. Its main power stations are located in Nakuru County. The company is listed on the Nairobi Securities Exchange. It has a subsidiary called Kengen Energy Services (KES) and it has other power sources such as Ngong’s Hills Wind Power Station, Olkario Geothermal, Gitaru Hydro Plant. Also, the annual turnover of Kenya Electricity Generating Company is US$448million (2018 estimate, equivalent to KES 45.3 billion). It currently has 2,482 employees.
365. Bidvest Namibia
This is a business with diverse business lines situated in Angola and Namibia. It is 52% owned by Bidvest Group although it was co-established in 1989 with the Namibian Government. The company is listed on the Namibian Stock Exchange. The company’s operations cover food distribution (of mackerel, oysters, fishmeal, canned pilchards, fish oil, and Omena), freight and logistics, motor retail, products and services. The company’s headquarters is situated in Windhoek, Namibia and it exports its products to South Africa, Nigeria, Egypt and Botswana. The annual turnover of Bidvest Namibia is US$282 million (2018 estimate). It currently has 2,500 employees on its payroll.
366. Groupe Benamor
Groupe Benamor was incorporated in 1984 by James Benamor. The company engages in food processing and has its headquarters located in Guelma, Algerie. The products from the company include canned meat, fish and pastries. Its subsidiaries are CAB, Amor Benamor and Mediterranean Mills Company. It exports its products to South Africa, Egypt, Algeria, and Morocco. The annual turnover of Groupe Benamor is US$281million (2018 estimate) and the company currently has 1,028 employees on its payroll.
367. Ciel Textile
The Mauritius government founded the Ciel Textile Company in 1971. The company focuses mainly on the production of textile products. Some of the company’s products are joggers, sweatshirts, fabric, shirts for men and women. The company exports its products to Madagascar, South Africa and Bangladesh. The annual turnover of Ciel Textile is US$655.7million (2018 estimate, roughly MUR 22.61 billion). It manufactures 36 million garments annually, including 15m fine knitwear garments and 16.5m woven garments, from 19 production units (7 in Mauritius, 6 in Madagascar, five in India and one in Bangladesh). The company currently has more than 20,000 employees on its payroll. The company’s headquarters is situated in Ebene, Mauritius and is listed on the Mauritius Stock Exchange.
368. Mauritius Telecom
Mauritius Telecom is a telecommunications company based in Port Louis, Mauritius. It was incorporated in 1992 by the collaboration between the former Overseas Telecommunication Services Limited and the Mauritius Service Limited.The company offers mobile, TV, Internet, Fibre-to-the-Home, content and data services. The company has 1.3 million subscribers and had 2,338 employees on its payroll in 2017. The company’s subsidiaries are MT Properties Limited, Teleservices (Mauritius) Limited and Telecom Plus Limited. Mauritius Telecom’s annual turnover was MUR 10 billion (equivalent to US$290 million) at the end of the 2018 financial year.
369. Orascom Telecom Media & Technologies
Orascom Telecom Media & Technologies was incorporated in 2011 and its headquarters is located in Cairo, Egypt. The company provides GSM, media and technology, and cable business mainly in Egypt although their services extend to other countries like Pakistan, North Korea (officially called the Democratic People’s Republic of Korea), Lebanon, and other parts of Africa. Currently, the company recently diversified its operations to include entertainment, agri-industry, transport and logistics, energy, real estate, and telecom infrastructure. It has 29 employees and an annual turnover of US$112 million (2018 published results).
370. Airtel Uganda
Airtel Uganda was previously known as Celtel Uganda before it changed its name. It was incorporated in 1995 and is the first telecommunication company in Uganda. Its headquarters is located in Kampala, Uganda. Airtel Uganda is the 2nd largest mobile network provider in Uganda, with a 44% share of the 22 million mobile phone users of Uganda (2016 estimate). It operates as a subsidiary of Bharti Airtel Limited. Airtel Uganda provides affordable mobile communication services in Uganda. Its services range from the mobile top up, international roaming, pre and postpaid plans, and data services. Airtel Uganda also provides ringtones, hello tunes, and money transfer services. The annual turnover of Airtel Uganda is US$278 million (2018 estimate).
371. Alf Sahel
Alf Sahel was incorporated in 1999 and it has its headquarters located in Casablanca, Morocco. Alf Sahel is a local company in Morocco which currently has no penetration outside Morocco’s market in terms of subsidiaries, although they export some of their products to the neighboring countries. This company produces and markets animal feeds. It has 500 employees and an annual turnover of US$278 million (2018 estimate).
372. CONOIL
Mike Adenuga founded the Conoil company in 1984 although it had been operating since 1927 under the name Consolidated Oil Nigeria Limited. The company markets refined petroleum products and also manufactures and distributes chemicals and lubricants within Nigeria for both industrial and domestic purposes. It also supplies White petroleum products such as aviation turbine kerosene, grease oil, and motor spirit. It extends its services to production of gas cylinders, gas valves. The annual turnover of Conoil is NGN115billion (2017 estimate). The Conoil head office is located in Lagos, Nigeria and it has 177 employees.
373. MARIDIVE & OIL SERVICES
Mardive and Oil Services was incorporated by Capt. Issa Eleish, Mr. Magdy Zeid and Mr. Maged Nadim in 1978 as a Free Zone Joint Stock company in Port Said. Its headquarters is located in Alexandria, Egypt and is the largest company in Egypt providing offshore marine and oil services. Maridive & Oil Services with the help of its subsidiaries offers a wide range of services from gas to oil exploration. It also has production companies which function in areas of construction, maintenance, supply and transport of materials. It has over 60 units across the Mediterranean Sea, Latin America, the Red Sea, and the Caspian Sea. It currently has over 2000 employees. The annual turnover of Mardive and Oil Services is c. US$208million (2018 estimate).
374. UAC of Nigeria
UAC of Nigeria traces its roots to the Royal Niger Company (RNC) which received its Royal Charter from the British Government between 1672 and 1750 and has been operating under different names until 1973. The United African Company was founded in 1879 to merge four companies carrying out the operations of the RNC: Alexander Miller Brother & Company, Central African Trading Company Limited; James Pinnock and West African Company Limited. In 1881 the National African Company was floated to raise funds to acquire all the assets of the United Afgrican Company. 1900 it was called the Southern Nigeria Protectorate. After being merged with the Northern Nigeria Protectorate which was loss-making it became the Colony and Protectorate of Nigeria. Currently, UAC of Nigeria is one of the most enduring and recognizable companies in Nigeria due to its diversity in operations from food and beverages, logistics, paint to real estate investments. Some of its subsidiaries include popular brands such as Mr. Biggs, Supreme Ice cream, Grand Groundnut Oil. It has 2,136 employees and an annual turnover of US$220million (2018 estimate, equivalent to N78.7 billion).
375. Total Petroleum of Ghana
Total Petroleum of Ghana was formerly known as Mobil Oil of Ghana. It was incorporated in 1981. It is a subsidiary of the global Total Group. Total Petroleum of Ghana offers the distribution of oil products mainly for aviation, mining operations, building, and transport sector. Its main products are diesel, lubricants, gasoline, and bitumen. It also produces insecticides and some car care products. Total Petroleum of Ghana has 864 employees and an annual turnover of US$273million (2018 estimate).
376. Maurel & Prom Gabon
Maurel & Prom Gabon specializes in the exploration and production of hydrocarbons. It was founded in 1831 as an operating of shipping lines between West Africa and France. The company is based in Libreville, Gabon. Maurel& Prom Gabon operates as a subsidiary of Etablissements. It has 538 employees and an annual turnover of €355million (2018 estimate). The Group generates most of its business in Africa through the exploitation of onshore assets already developed (Gabon and Tanzania) and a significant stake (21.37%) in Seplat, a leader of indigenous operators in Nigeria.Maurel& Prom Gabon has its head office located in Gabon.
377. Delta Holding
Delta Holding is a company with five business segments. These segments include construction and maintenance of urban transportation and furnishing infrastructure (roads, highways, urban streets, port platforms, airport runways), manufacturing of metal and mechanical installations (street lights, pylons, frameworks, metal joints, hydro-mechanical barrier equipment), environmental service (execution of projects and production of equipment for use in purification, irrigation, potable water distribution, and wastewater treatment networks), manufacturing of chemical and gas products (ethyl alcohol, paints, diluents, medical and industrial gases) and real estate development and sales. The company’s head office is located in Casablanca, Morocco. It has an annual turnover of US$272million (2018 estimate).
378. Centrale Automobile Cherifienne
Centrale Automobile Cherifienne (CAC) was incorporated in 1929 and its headquarters is located in Casablanca, Morocco. CAC is privately owned and it engages in the distribution of passenger cars, vans, spare parts, and accessories. CAC imports Volkswagen, Audi, Skoda, Porshe and Bentley vehicles; and has showrooms for Volkswagen, Audi, Skoda, Porshe and Bentley vehicles. As of 2017, it distributed 17,000 vehicles. CAC has 400 employees and an annual turnover of US$270million (2018 estimate). CAC has a presence in the major cities of the Kingdom of Morocco, through its network of independent dealers in Agadir, Marrakech, El Jadida, Safi, Rabat, Kenitra, Fez, Meknes, Tangier, Oujda, and Nador.
379. Juhayna Food Industries
Juhayna Food Industries engages in the production, manufacture, processing, and packaging of dairy products and its derivatives, cheeses, fruit juices, drinks, frozen and food materials, and agriculture products in Egypt. The company produces plain and flavored milk, yoghurt, fruit pulps, and concentrates, specialty drinks, and cooking creams under the Juhayna brand. It also operates dairy farms and reclaims land for the cultivation of fruits/cattle feed and other agricultural crops. The company started its business operation in 1983 and its head office is located in Giza, Egypt. The annual turnover ofJuhayna FoodIndustries is US$270million (2018 estimate).
380. Groupe CFAO Cote d’Ivoire
CFAO Motors Côte d’Ivoire is the Ivorian subsidiary of CFAO Automotive, the largest automobile network in Africa. CFAO Automotive provides vehiche sales and after-sales services through 213 dealerships in 36 African countries and seven French territorities (French Guiana, Reunion and Vietnam). CFAO Automotive is a division of CFAO Group, a multinational reseller of manufactured goods, founded in 1887 by Frédéric Bohn. 80% of global CFAO sales comes from Africa. CFO Group employs 15,000 employees worldwide and has annual sales of €4.2 billion. CFAO Motors Côte d’Ivoire started business operations in 1973 and it is the exclusive Ivoirian distributor for a set of globally renowned brands: Citroën, Peugeot, Toyota, Mitsubishi, Yamaha, Suzuki, JCB and Bridgestone. CFAO Motors Côte d’Ivoire also distributes the entire range of Bridgestone tires. CFAO Motors Côte d’Ivoire serves most of the country from its branches in Abidjan and dealership at San Pedro, providing customers with a responsive and reliable service. It has an annual turnover of US$268million (2018 estimate).
381. Amni International Petroleum Development Company
Amni International Petroleum Development Company Limited is an independent indigenous oil and gas exploration and production company in Nigeria. It owns platforms, pipelines, and offshore terminal infrastructure in Nigeria and Ghana. The company was incorporated in 1993 and its head office is located in Lagos, Nigeria. It has an annual turnover of US$267million (2018 estimate).
382. Entreprise Nationale de Grands Travaux Pétroliers (ENGTP)
Entreprise Nationale de Grands Travaux Pétroliers (ENGTP) is a subsidiary of the Algerian oil company, Sonatrach. It specializes in the field of design and construction of industrial facilities for production, processing, transport, and distribution of hydrocarbons. The company was founded in 1980. ENGTP has 1000 employees and an annual turnover of US$267million (2018 estimate).
383 Industrial Promotion Services West Africa
Industrial Promotion Services of West Africa was incorporated in 1965. It mainly deals with infrastructures and industry development in the specific countries where it operates. In addition, it focuses on managing local capabilities. Industrial Promotion Services West Africa also has a presence in Germany, France, South Africa, Ghana, and Tanzania. Its annual turnover is US$266million (2018 estimate).
384. Groupe CFAO Cameroun
Groupe CFAO Cameroun started business operation around 1973. Its main objective is to sell utility vehicles and provide after-sales services. In Cameroon, it operates within several prominent cities such as Douala, Garoua, Yaounde, and Bafoussam. Its headquarters is located in Bonaberi, Cameroun. Groupe CFAO Cameroun has 9,973 employees and an annual turnover of US$265million (2018 estimate). CFAO Cameroun is part of CFAO Group, a multinational reseller of manufactured goods, founded in 1887 by Frédéric Bohn. 80% of global CFAO sales comes from Africa. CFO Group employs 15,000 employees worldwide and has annual sales of €4.2 billion.
385. Airtel DRC
Airtel DRC is a mobile telecommunication company operating in the Democratic Republic of Congo. The company began operations in 2000 as a GSM mobile services provider. Airtel DRC is a subsidiary of Airtel Africa, a holding company for Indian telecommunications giant Bharti Airtel. Airtel Africa operates in Chad, the Democratic Republic of the Congo, and Republic of the Congo, Gabon, Ghana, Kenya, Malawi, Madagascar, Niger, Nigeria, Rwanda, Seychelles, Tanzania, Uganda, and Zambia. Airtel DRC provides 2G GSM services over the 900 MHz band, and in May 2013 launched a 3G UMTS network over the B1 (2100 MHz) band providing voice and HSPA+ data services up to 21 Mbps. The annual turnover of Airtel DRCis US$ 265million (2018 estimate).
386. Groupe Industriel des Productions Laitieres
Groupe Industriel des Productions Laitiereswas established in 1998. Its headquarters is located in Algeria and it has approximately 20 production plants within Algeria. The company specializes in the production of milk, butter, cheese, yogurt, and ice creams. Currently, it has more than 5,000 employees and its annual revenue is US$263million (2018 estimate).
387. Press Corporation Plc
Press Corporation Plc, a publicly listed company in Malawi, operates in the real estate, energy, retail and consumer products, financial services, and telecommunications sectors in Malawi. The company provides a range of information and communications technology-based products and services, including voice, automatic credit loading, toll-free, data and Internet, web host, and business mail services to residential and business customers. The company was founded in 1961 and its head office is located in Blantyre, Malawi. Press Corporation has 136 employees and an annual turnover of US$262million (2018 estimate, equivalent to 230 billion Malawi Kwachas).
388. Office du Commerce de la Tunisie
Office du Commerce de la Tunisie is commonly known as OCT. It is a government-owned company. Its headquarters is situated in Tunis, Tunisia. It produces hot drinks such as tea and coffee, sweets, rice, sugar, and home appliances. It also deals with commercialization of commodities. Currently, Office du Commerce de la Tunisie do not have any subsidiaries in other parts of the world although it exports some of its products and also imports some products to assist in the production process. Its annual turnover is US$269million (2018 estimate).
389. Engen DRC
Engen is an oil company. It focuses on the downstream refined petroleum products market and related businesses. Engen markets approximately 500 petrochemical products.Its headquarters is situated in Kinshasa, DRC. Engen DRC has 3625 employees and an annual turnover of US$263million (2018 estimate).
390. PZ Cussons Nigeria
The company was formerly known as Paterson Zochonis Industries Plc before it changed its name to PZ Cussons Nigeria Plc in September 2006. PZ Cussons Nigeria Plc started business operations in 1899 and its headquarters is located in Ikeja, Nigeria. PZ Cussons Nigeria Plc is a subsidiary of PZ Cussons Plc. PZ Cussons Nigeria Plc manufactures and markets various consumer products and home appliances in Nigeria. It offers personal care products, such as Premier Cool Deo Antiseptic soaps, hand hygiene products under the Carex brand and baby range products under the Cussons brand. It has 1,318 employees and an annual turnover of US$258million (2018 estimate).
391. Peermont Global
Peermont Global was incorporated in 1995 and currently has its headquarters located in Johannesburg, South Africa. It is an award-winning hospitality, gaming, and entertainment company. It has 93 hotels and resorts, and 15 casinos in Southern Africa. It only operates in South Africa, Botswana, and Malawi. It has an annual turnover of US$258million (2018 estimate) and currently has 249 employees on its payroll.
392. Chirano Gold Mine
Chirano Gold Mine is owned by the Toronto-based Kinross Gold Corporation which has a 90% stake in the company and the Ghanaian government with a 10% state in the company. Chirano began production in 2005. Kinross Gold acquired the mine in 2010 through a US$7.1 billion takeover of Red Back Mining. It has a workforce of approximately 400 people with an annual turnover of US$258million (2018 estimate). Its headquarters is located in Ghana.
393. Jubilee Holdings
Jubilee insurance company was established in 1937 in Mombasa Kenya as the first incorporated insurance company. In 1968 it moved its headquarters to Nairobi. Jubilee Holdings is a certified investment company. A good number of its subsidiaries focus on long term insurance with a few subsidiaries like Tsavo power investing in other fields like the energy sector. In 2018, it had approximately 1,428 employees and a turnover of US$257million.
394. New Mauritius Hotel
New Mauritius Hotelwas founded in 1952, and it is headquartered in Curepipe, Mauritius. New Mauritius Hotel is one of the most famous and the oldest Hotel group in Mauritius. With the support of its subsidiaries, it operates in different segments namely: tour operations, hotel operations, property development, and Airline and Inland Catering. It has its subsidiaries in other African countries like South Africa, Mauritius, Seychelles, and Morocco. It also operates outside Africa in countries like Italy, France and the UK. It had approximately 5,000 employees with a turnover of US$256million in 2018.
395. Times Media Group
Steve Strickbine founded the Times Media Group in 1997. Currently, it has several subsidiaries that carry out its operations. Times Media Groupis a digital and print media company operating in the Phoenix and Tucson metro markets. It serves both South Africans and the international community. Its headquarters is located in Johannesburg, South Africa. It sells over 1.1 million copies of its print media (newspapers and magazines) and provides a service to millions of online readers every month. Times Media Group has 3,200 employees and an annual turnover of US$255million (2018 estimate).
396. Seplat Petroleum Development Company
Seplat Petroleum Development Company is an oil and gas company. It explores, develops, and produces oil and gas in Nigeria. It operates a portfolio of assets in the Niger Delta region, including a 45% interest in the OML 4 that covers an area of 267 square kilometers; a 45% interest in OML 38 that covers an area of 2,094 square kilometers; and a 45% interest in OML 41 that covers an area of 291 square kilometers. Seplat Petroleum Development Company Plc was founded in 2009 and is based in Lagos, Nigeria. The company currently has a labour force of 408 workers. Its turnover is US$254million (2018 estimate).
397. Office National Des Telecommunications
Office National Des Telecommunications commonly known as ONATEL SA was founded in February 1987. Its headquarters is located in Ouagadougou, in Burkina Faso – the capital of the Mossi kingdoms (11th Century to 19th Century). It is a leading mobile telecommunications services provider within Burkina Faso. It offers a wide range of products and services like provision of data and internet services, mobile money transfer services and a dialer network. It is a subsidiary of Itissalat Al-Maghrib. It has over 1,200 employees and recorded a turnover of US$ 253million at the end of the 2018 financial year.
398. Soc. d’ Exploitation de Ports- Marsa Maroc
Soc. d’ Exploitation de Ports- Marsa Maroc was incorporated in 2006. Its headquarters is located in Casablanca, Morocco. This Moroccan-based company provides marine port services. Its services include cargo handling, storage facilities, logistics and a wide range of ship services. It operates in several ports within Morocco. It has approximately 4,500 employees, who help in the daily operation of the company. It recorded a turnover of US$ 252million at the end of the 2018 financial year.
399. Ciments de l’Atlas
Ciments de l’Atlas was founded in 2007. Its headquarters is located in Sidi Maarouf, Casablanca, Morocco. This company has two cement plants, namely: Ben Ahmed plant and Beni Mellal plant. All these plants have a capacity of producing 1.6 million tonnes of cement from each plant every year. The company manufactures and distributes cement, clinker, granulate, and concrete ready for use. Some of its subsidiaries offer air cargo services. It has approximately 400 employees and a turnover of US$ 252million (2018 estimate).
400. Zambia Sugar
Zambia Sugar Plc operates as an agricultural and sugar manufacturing company in Zambia. The company operates through Cane Growing and Sugar Production segments. It produces raw and refined sugar under the Whitespoon brand name to local consumer markets and industrial customers; and specialty sugars and syrups. The company also sells molasses: to farmers to be used as an animal feed supplement; an ingredient in the manufacture of yeast; a dust suppressant on gravel/dirt roads; and fertilizers, as well as for sugar cane fields. It also exports its products. The company is headquartered in Mazabuka, Zambia. Zambia Sugar Plc is a subsidiary of Illovo Group Holdings Limited. It has 2,002 permanent employees and 5,093 seasonal employees who help during peak sessions. It had a turnover of US$250million in 2018.