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    BREAKING NEWS
    $1.1 Billion Senegal’s postponed Ndayane Deep Waterport to be Constructed in Coalition with DP World
    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development
    $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa’s established Broadband Coverage by 2030
    Nigeria Launches National Domestic Payments Card Program
    In Guinea-Bissau, ECOWAS Parliament held a 3 Day Seminar on the Adoption of a Single Currency for Member African States
    $30 Billion has been pledged by the African Development Bank and Development Partners to Finance Food and Farming in the Next Five Years
    $7.9 Billion in Exports glid in 2021 from the East African Community (EAC) Bloc to Africa amidst the Novel Corona Virus (COVID -19) Consequence
    President William Ruto of Kenya has Urged fellow African Rulers to address on Agribusiness beyond Production to Value Addition and Manufacturing
    Africa’s Economic Growth to Outpace Global Forecast in 2023-2024, AfDB Report
    Growers in Uganda to succeed from Nigeria’s AFEX’s Tech-Enable Products having expanding its Products Exchange Business in Nigeria’s AFEX from Kenya

    Tanzania Yielded TBL Plc and Vodacom Tanzania Plc as the Two Businesses on the Roster of Africa’s 100 Sizably Efficient Companies

    Posted On 21 May 2020
    By : New Africa Business News, Staff Correspondent
    Comments: 9

    By Abdul Rahman Bangura–

    Africa’s Map
    Photo Credit: Depositphotos

    NEW AFRICA BUSINESS NEWS (NABN) 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.

    New Africa Business News
    Africa’s Fastest Growing Global Newspaper. Forward www.newafricabusinessnews.com

    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.

     

     

    Invest in Modern Africa
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    Africa President of the year 2020
    Start Voting for Africa President of the year 2020. Nomination Starts February 01 & Ends December 15/ 2020. Please Submit your Nominee’s Name, Country, Brief Reason for the Nomination. Please Limit Submission to 100 words and One Submission per Person. Email all Nomination to info@newafricabusinessnews.com  .Africa President of the year will be announced January 01/ 2021. New Africa Business News. Africa’s Most Read and Fastest Growing Global Newspaper.  www.newafricabusinessnews.com

     

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    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

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    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

     

     

     

     

    Current Outbreak of Coronavirus (COVID-19) Disease- Coronavirus advisory information, World Health Organization & United States, Centers for Disease Control and Prevention

    Coronaviruses (CoV) are a large family of viruses that cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV). A novel coronavirus (nCoV) is a new strain that has not been previously identified in humans.

    Coronaviruses are zoonotic, meaning they are transmitted between animals and people.  Detailed investigations found that SARS-CoV was transmitted from civet cats to humans and MERS-CoV from dromedary camels to humans. Several known coronaviruses are circulating in animals that have not yet infected humans.

    Common signs of infection include respiratory symptoms, fever, cough, shortness of breath and breathing difficulties. In more severe cases, infection can cause pneumonia, severe acute respiratory syndrome, kidney failure and even death.

    Standard recommendations to prevent infection spread include regular hand washing, covering mouth and nose when coughing and sneezing, thoroughly cooking meat and eggs. Avoid close contact with anyone showing symptoms of respiratory illness such as coughing and sneezing. Source- WHO

    Websitewho.int/emergencies
    Coronavirus Q&A, World Health Organization
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    Coronavirus condition overview, World Health Organization
    Websitewho.int/health-topics
    United States, Centers for Disease Control and Prevention
    cdc.gov/coronavirus/2019-ncov 

    About the Author
    New Africa Business News Staff Correspondent
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    9 Comments

    1. Francis May 21, 2020 at 3:05 am Reply

      Great companies. Business is transforming Africa. Go New Africa business we are fan of this great newspaper. Francis, Mozambique.

      • New Africa Business News, Staff Correspondent May 21, 2020 at 3:17 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Magarida May 21, 2020 at 3:10 am Reply

      We are following your great online newspaper on Facebook. Keep it going. Magarida.

      • New Africa Business News, Staff Correspondent May 21, 2020 at 3:17 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Rosemary May 21, 2020 at 3:30 am Reply

      Thank you to your great reporters. We love your reporting. Africa Africa, we are Africa. Rosemary, Lagos, Nigeria.

      • New Africa Business News, Staff Correspondent May 21, 2020 at 3:34 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Freddie May 21, 2020 at 3:48 am Reply

      I have being reading and following this newspaper. Thank you. Freddie, Paris, France.

      • New Africa Business News, Staff Correspondent May 21, 2020 at 5:12 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Michelle May 21, 2020 at 5:10 pm Reply

      You guys I like to tell you, I love this paper. Love ya. Lusaka, Zambia. Michelle.

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