Top 5 Biggest Black-Owned Factories in Africa 2024

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

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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

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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

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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

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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

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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>