Dangote Group Tops Forbes List Of West African Companies

FORBES AFRICA conducted an extensive study of the Top 25 Listed Companies in West Africa. The ranking of these companies was determined by a weighted average of four criteria: market capitalization, turnover, net profit and assets.

It’s not like Aliko Dangote needed any further justification. The man is now a regular on the Forbes list of the world’s richest men (wort $11.2 billion as at March 2012.) Now, Forbes Africa, in collaboration with ABN Productions has named his company Dangote Group as the top rated West African company.

At a dinner event hosted in Lagos, Forbes Africa presented its list of top 25 companies in the West African capital market which comprises of the Nigerian Stock Exchange, Ghanaian Stock Exchange and the Abidjan-based Bourse Regionale des Valeurs Mobilieres SA (Regional Securities Exchange SA) or BRVM.

Othar companies featured include: Nigeria Breweries Plc, Zenith Bank Plc, First Bank Plc, Nestle Nigeria, Flour Mills, Guaranty Trust Bank Plc and Ecobank.