Central Africa: foreign companies dominate.Most countries in East, Southern and West Africa West Africa A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. have to varying degrees liberalised their economies and so possess companies that are listed on either their own or regional stock exchanges. However, most economic activity in Central Africa is controlled by foreign investors or state owned companies. The upstream From the consumer to the provider. See downstream. (networking) upstream - Fewer network hops away from a backbone or hub. For example, a small ISP that connects to the Internet through a larger ISP that has their own connection to the backbone is downstream from the larger oil industry is the source of most wealth in Gabon Gabon (gäbôN`), officially Gabonese Republic, republic (2005 est. pop. 1,389,000), 103,346 sq mi (267,667 sq km), W central Africa. It borders on the Atlantic Ocean in the west, on Equatorial Guinea and Cameroon in the north, and on Congo , Congo-Brazzaville and Chad Chad (chăd, chäd), Fr. Tchad, officially Republic of Chad, republic (2005 est. pop. 9,826,000), 495,752 sq mi (1,284,000 sq km), N central Africa. and there are no significant listed firms Listed firm A company whose stock trades on a stock exchange, and conforms to listing requirements. in this sector in the region. [ILLUSTRATION OMITTED] Nevertheless, there are some companies in Gabon in particular that have been either fully or partially privatised. Societe d'energie et d'eau du Gabon (SEEG Seeg is a village in the district of Ostallgäu in Bavaria in Germany. ), Gabon Telecom Gabon Telecom SA is the largest telecom company in Gabon. The company manages the country's country code top-level domain, .ga.[1] It operates about 35,000 land lines,[2] and its cellular phone service subsidiary, Libertis, has 200,000 customers. , Societe des Brasseries du Gabon (SOBRAGA), Societe Nationale des Bois BOIS Branch Office Infrastructure Solution (Microsoft) BOIS Business Office Information System BOIS Base Operating Information System BOIS Battlefield Operating Instruction System du Gabon (SNBG) and Societe Gabonaise de Raffinage (SOGARA) are among the most significant. However, even in those sectors that have been liberalised, foreign companies have often taken over or directly purchased equity in the former parastatals from the government. Even Gabon's biggest company, Total Gabon, is a joint venture between French firm Total and the government of Gabon. Initial public offerings (IPOs) have not been a popular option in Central Africa as a whole. That Libreville Libreville (lēbrəvēl`), city (1993 est. pop. 362,400), capital of Gabon, a port on the Gabon River estuary, near the Gulf of Guinea. Primarily an administrative center, it is also a trade center for a lumbering region. , Brazzaville Brazzaville (brăz`əvĭl, Fr. bräzävēl`), city (1984 pop. 585,812), capital of the Republic of the Congo, on Pool Malebo of the Congo River. and other governments in the region have largely failed to open up their economies is perhaps surprising given the opportunities afforded and threats posed by oil revenues. Gabon in particular is threatened by falling oil production, yet politicians across the region have not sought to diversify diversify To acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. their economic bases through liberalisation n. 1. Same as liberalization. Noun 1. liberalisation - the act of making less strict liberalization, relaxation alleviation, easement, easing, relief - the act of reducing something unpleasant (as pain or annoyance); "he asked the nurse . Congo-Brazzaville has been forced to introduce some reforms as the price of support by the World Bank and IMF IMF See: International Monetary Fund IMF See International Monetary Fund (IMF). . Democratic Republic of Congo Congo, river, Africa Congo (kŏng`gō) or Zaïre (zī`ēr, zäēr`), great river of equatorial Africa, c. (DR Congo) is following suit but Chad's recent oil boom is likely to enable the government of that country to avoid embarking on more deep-seated reforms. Given South Africa's dominance, we believe readers will be interested in the performance of sub-Saharan companies excluding South Africa--as shown in the table.
SUB-SAHARAN AFRICA, Excl South Africa
Value in Dollar
Company Name Country terms
1 Pretoria Portland Co Ltd Zimbabwe 4,443,488,810
2 First Bank Nigeria Nigeria 2,619,627,207
3 Nigerian Breweries Nigeria 2,101,909,106
4 Sonatel Cote D'Ivoire 1,760,801,842
5 Zenith Bank International Nigeria 1,686,903,368
6 Union Bank Nigeria Nigeria 1,592,429,380
7 Barclays Bank Kenya Ltd Kenya 1,494,808,454
8 Transnational Corporation Nigeria Nigeria 1,344,265,209
9 United Bank for Africa Nigeria 1,333,297,987
10 East African Breweries Ltd Kenya 1,309,541,053
11 Guinness Nigeria Nigeria 1,188,458,466
12 West Africa Portland Cement Nigeria 1,132,421,241
13 Bamburi Cement Ltd Kenya 1,115,653,381
14 Intercontinental Bank plc Nigeria 1,088,213,858
15 Guaranty Trust Bank Nigeria 1,083,420,362
16 Oceanic Bank Nigeria 1,069,514,914
17 Nestle Nigeria Ltd Nigeria 926,599,108
18 Kenya Electricity Generating Company Kenya 919,299,705
19 Barclays Bank of Botswana Botswana 893,135,561
20 First National Bank of Botswana Botswana 884,633,155
21 Ecobank Nigeria Ltd Nigeria 809,488,747
22 Standard Chartered Bank (Kenya) Ltd Kenya 797,082,942
23 Kenya Airways Ltd Kenya 785,343,184
24 Mauritius Commercial Bank Mauritius 784,252,429
25 Flour Mills Nigeria Nigeria 751,502,544
26 Standard Chartered Bank Botswana Botswana 747,816,358
27 Kenya Commercial Bank Ltd Kenya 687,716,951
28 Benue Cement Company Nigeria 683,293,538
29 IBTC-Chartered Bank plc Nigeria 613,441,664
30 Springbank plc Nigeria 604,830,503
31 Ashaka Cement Nigeria 600,190,270
32 State Bank of Mauritius Ltd Mauritius 514,912,648
33 New Mauritius Hotels Mauritius 509,393,458
34 PZ Industries Nigeria 492,597,197
35 Total Nigeria Nigeria 468,723,562
36 Afribank Nigeria Nigeria 438,726,077
37 Diamond Bank Nigeria 423,809,213
38 Mumias Sugar Co Ltd Kenya 393,727,805
39 Botswana Insurance Holdings Ltd Botswana 377,844,725
40 Access Bank Nigeria plc Nigeria 377,038,965
41 British American Tobacco Kenya Ltd Kenya 374,584,684
42 Unilever Nigeria Nigeria 352,866,760
43 Nigerian Bottling Company Nigeria 349,007,531
44 Skye Bank Nigeria 341,301,984
45 Mobil Oil Nigeria Nigeria 320,846,008
46 Nation Media Group Ltd Kenya 319,078,877
47 First City Monument Bank Nigeria 318,807,223
48 Kenya Power & Lighting Ltd Kenya 305,440,135
49 Sechaba Breweries Botswana 300,268,994
50 Oando plc Nigeria 298,981,567
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