Top 5 Biggest Black-Owned Factories in Africa 2024

Africa is home to some of the most innovative and successful black-owned factories, driving economic growth and development across the continent.

Here are the top 5 biggest black-owned factories in Africa, ranked by revenue:

1. Dangote Group (Nigeria) – $20 Billion

The Dangote Group, owned by Aliko Dangote, Africa’s richest man, is a multinational conglomerate with interests in cement production, sugar refining, flour milling, and other industries. With an estimated revenue of over $20 billion, the Dangote Group is the largest black-owned factory in Africa.

2. Bidco Africa (Kenya) – $1 Billion

Bidco Africa is one of the largest manufacturers of consumer goods in East Africa, producing cooking oil, detergents, soaps, and other products. With an estimated revenue of over $1 billion, Bidco Africa is a leading player in the region’s fast-moving consumer goods sector.

3. Innoson Vehicle Manufacturing (IVM) (Nigeria) – $500 Million

IVM is Nigeria’s first indigenous automobile manufacturing company, producing a range of vehicles including cars, buses, and trucks. With an estimated revenue of over $500 million, IVM is a pioneer in Africa’s automotive industry.

4. Econet Wireless (Zimbabwe) – $400 Million

Econet Wireless is one of Africa’s leading telecommunications companies, providing mobile phone services, broadband, and related products. Owned by Strive Masiyiwa, Econet Wireless has an estimated revenue of over $400 million, making it a significant player in the continent’s telecoms sector.

5. Olam Nigeria (Nigeria) – $300 Million

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. With an estimated revenue of over $300 million, Olam Nigeria is a major player in Africa’s agricultural sector.

These black-owned factories are driving economic growth, creating jobs, and contributing to Africa’s development. They are a testament to the innovation and entrepreneurial spirit of African business leaders.

<p>The post Top 5 Biggest Black-Owned Factories in Africa 2024 first appeared on Dandaro Online.</p>