Top 5 biggest black-owned factories in Africa 2024
Top 5 biggest black-owned factories in Africa 2024, ranked by revenue, are:
1. Dangote Group (Nigeria🇳🇬) - Owned by Aliko Dangote, Africa's richest man, the Dangote Group is a multinational conglomerate with interests in cement production, sugar refining, flour milling, and other industries. It has an estimated revenue of over $20 billion.
2. Bidco Africa (Kenya🇰🇪) - Bidco Africa is one of the largest manufacturers of consumer goods in East Africa, producing cooking oil, detergents, soaps, and other products. It has an estimated revenue of over $1 billion.
3. Innoson Vehicle Manufacturing (IVM) (Nigeria🇳🇬) - IVM is Nigeria's first indigenous automobile manufacturing company, producing a range of vehicles including
cars, buses, and trucks. It has an estimated revenue of over $500 million.
4. Econet Wireless (Zimbabwe🇿🇼) - Econet Wireless is one of Africa's leading telecommunications companies, providing mobile phone services, broadband, and related products. It is owned by Strive Masiyiwa and has an estimated revenue of over $400 million.
5. Olam Nigeria (Nigeria🇳🇬) - Olam Nigeria is a subsidiary of Olam International, a leading agribusiness company in Africa. Olam Nigeria is involved in the processing and marketing of agricultural products including cocoa, cotton, and cashew nuts. It has an estimated revenue of over $300 million.
