Tanzania Yielded TBL Plc and Vodacom Tanzania Plc: As the Two Businesses on the Roster of Africa’s 100 Sizably Efficient Companies
By Abdul Rahman Bangura–
NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- The South Africa-based African Business unveiled in a hierarchy of the continent’s lid 250 corporations that, TBL Plc and Vodacom Tanzania Plc are the two extensively expensive companies in the country. At the continental level, TBL Plc has been indexed 75th while Vodacom Plc stance at 98th.
The scales, which are founded on corporations demand capitalization at the end March, also positioned the Tanzania Cigarette Company as the 105th most valuable company in Africa while NMB Bank Plc posture on 134th whereas Tanzania Portland Cement Company Limited winds up the list of the country’s five most valuable firms on African Business’ list.
TBL Plc’s market value was placed at $1.396 billion (about Sh3.2 trillion) while Vodacom’s market value stands at $827 million (about Sh1.9 trillion). TCC’s market value prevailed at $738 million (about Sh1.7 trillion) while NMB Bank Plc came fourth in Tanzania, 10th in East Africa and 134th in Africa with its market value of $508 million (about Sh1.2 trillion).
Tanzania Portland Cement comes fifth in Tanzania and 19th in East Africa, with a market value of $170 million (about Sh390 billion). In East Africa, Kenya’s Safaricom is the largely expensive company. The telecommunication corporation reaches 10th in Africa on a catalog that is overwhelmed by South African businesses.
Three other Kenyan corporations, which also have undertakings in Tanzania, have made it to the record of Africa’s top 100 firms. They include: East African Breweries Limited (EABL), Equity and KCB Group. Equity Bank was rated at 82nd, heeded by EABL (90) and KCB Group (92). Safaricom’s market value was placed at $9.96 billion (Sh22.8 trillion).
In East Africa, Kenya soared the list, bringing a total of thirteen top companies in a list of twenty. Tanzania has five while Uganda has only two. Apart from EABL, Equity and KCB Group, other top Kenyan firms include: Co-operative Bank Of Kenya, Standard Chartered Kenya, I&M Holdings, British American Tobacco, Kenya Electricity Generating, Diamond Trust Bank, NCBA (Formerly NIC Group), Jubilee Holdings and Britam Holdings.
In Uganda, the two top firms are: British American Tobacco and Stanbic Bank Uganda. South Africa dominated the top ten list, producing eight of the continent’s ten most valuable companies.
The firms and their market values in receptacles include: NEWProsus ($119.141 billion), Naspers (($62.259 billion), Financière Richemon ($28 billion), Anglo American ($22.618 billion), Anglo American Platinum ($13.048 billion) and Firstrand ($12.553 billion). The list also includes: Vodacom Group ($12.483 billion), Morocco’s Maroc Telecom ($11.082 billion), Standard Bank Group ($10.122 billion) and Kenya’s Safaricom ($9.966 billion).
In stints of heightened share of the whole, three North African markets of Morocco, Tunisia and Egypt achieved the tremendous gains, boosting the cumulative number of firms in the hierarchy to eighty three, up from seventy in 2019.
Tunisia has seven more companies bringing its total to twelve, after plummeting from seven in 2018 to five in 2019. Morocco has expanded four to reach thirty firms on the schedule and Egypt has augmented two to reach forty one.
In terms of companies on the top 250 list, Egypt and Morocco came second and third ranked after South Africa, as in 2019.
For New Africa Daily News Abdul Rahman Bangura Reports, Africa Correspondent