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Africa's largest companies by revenue
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obiero
#11 Posted : Friday, February 09, 2018 10:54:10 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,251
Location: nairobi
FRM2011 wrote:
FRM2011 wrote:

I didn't know we have our own "Fortune 500". Safaricom ranked no.62. Kenya managed 10 entries into the list.

Full report. Pg.62

https://psv4.userapi.com...5cgjjBAUJ_zgP0W6pDwu5Ho


Unless people are opening different reports, this one is based on revenues. And KQ are second in Kenya after Safaricom.

The only true problem that KQ had apart from cartels was the high financial costs which were tackled hard by the restructuring..

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lochaz-index
#12 Posted : Monday, February 12, 2018 10:46:52 AM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Wow! Steinhoff made it all the way to no.3 on account of fudging books. Some work that must have been.
The main purpose of the stock market is to make fools of as many people as possible.
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Mseto binti
#13 Posted : Wednesday, February 14, 2018 11:57:35 AM
Rank: Member

Joined: 3/9/2012
Posts: 144
obiero wrote:
FRM2011 wrote:
FRM2011 wrote:

I didn't know we have our own "Fortune 500". Safaricom ranked no.62. Kenya managed 10 entries into the list.

Full report. Pg.62

https://psv4.userapi.com...5cgjjBAUJ_zgP0W6pDwu5Ho


Unless people are opening different reports, this one is based on revenues. And KQ are second in Kenya after Safaricom.

The only true problem that KQ had apart from cartels was the high financial costs which were tackled hard by the restructuring..


@Obiero... the high financial costs you refer to are related to assets or human capital?
I found meaningful work🤓
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Ericsson
#14 Posted : Wednesday, February 14, 2018 12:00:40 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,811
Location: NAIROBI
Mseto binti wrote:
obiero wrote:
FRM2011 wrote:
FRM2011 wrote:

I didn't know we have our own "Fortune 500". Safaricom ranked no.62. Kenya managed 10 entries into the list.

Full report. Pg.62

https://psv4.userapi.com...5cgjjBAUJ_zgP0W6pDwu5Ho


Unless people are opening different reports, this one is based on revenues. And KQ are second in Kenya after Safaricom.

The only true problem that KQ had apart from cartels was the high financial costs which were tackled hard by the restructuring..


@Obiero... the high financial costs you refer to are related to assets or human capital?


High financial costs was related to interest payments on loans
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Metaur
#15 Posted : Monday, May 06, 2019 11:44:35 AM
Rank: New-farer

Joined: 2/12/2019
Posts: 58
This is all rich countries of African continent, for sure it's good to have, but there are lof of smaller and really poor countries. Of course there is good life in Morrocco, South Africa, Nigeria, Kenya, even Egypt and so on. Good to see some progress on that list anyway.
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NewMoney
#16 Posted : Monday, May 06, 2019 3:38:16 PM
Rank: Member

Joined: 3/1/2019
Posts: 170
Location: Nairobi
Ebenyo wrote:
Ericsson wrote:
The list/ranking is on market capitalisation



i thought its on revenues.Market cap haina maana.



I would think the market cap would reflect more accurately the value of companies across of industries.

Some industries with huge revenues have very low margins and vice versa
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