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Morocco dominates the top 10 biggest listed companies in North Africa following the success and expansion of Moroccan businesses, driven by steady growth and an effective pan-African expansion strategy.
According to Africa Business news platform, the first six places have been grabbed by Moroccan companies with largest market capitalization. Attijariwafa bank ($15.6 billion) tops the 2025 list followed by Maroc Telecom ($11 bln), Managem ($6 bln), the Banque Centrale Populaire ($6 bln), Marsa Maroc ($5.7 bln) and TAQA Morocco ($5.6 bln).
Egypt’s Commercial International Bank ($4.9 bln), ranked 7th followed by LafargeHolcim Maroc ($4,6 bln), Moroccan Bank of Africa ($4,4 bln) and Egyptian El Sewedy Electric Company ($3,4bn).
According to experts, Moroccan companies are growing stronger every year. They are actively expanding their presence across Africa, with a focus on various sectors like banking, insurance, retail, and construction.
This expansion is driven by South-South cooperation, where Morocco shares its expertise and experiences with other African nations. The North African Kingdom is also positioning itself as a gateway for international companies, offering a stable environment, attractive investment charter, and strong infrastructure for those looking to enter the African market.
Furthermore, the 2025 ranking of the 500 African Champions, published lately by Jeune Afrique, listed 54 Moroccan companies, including 39 from the private sector, with a combined revenue of $55.9 billion.
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