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Data provided by Bloomberg

2025 Definitive List Group II

The methodology for this group is identical to the methodology for Group I, except that the entities evaluated were the divisions of companies, such that the divisions themselves have standalone revenue of $100 million or more, or a market cap of $150 million or more. The women running these divisions must have a title that clearly demonstrates that they are the chief executive with profit and loss responsibility for the division. 

Andronicca Masemola

Chief Executive Officer: Barloworld Equipment Southern Africa
Barloworld Ltd

Johannesburg Stock Exchange (JSE)
$1.4 billion USD Revenue
$1.2 billion Market Cap
South Africa

Rosemary Oduor

General Manager, Commercial Service & Sales
Kenya Power & Lighting Ltd

Nairobi SE (NSE)
$1.4 billion USD Revenue
$186 million Market Cap
Kenya

Fhulu Badugela

CEO – Rest of Africa
MultiChoice Group

Johannesburg Stock Exchange (JSE)
$1.3 billion USD Revenue
$2.9 billion Market Cap
South Africa

Christine Wu

Chief Executive: Everyday Banking
Absa Group Ltd

Johannesburg Stock Exchange (JSE)
$875 million USD Revenue
8.75 billion Market Cap
South Africa

Yasmin Masithela

Interim Chief Executive: Corporate and Investment Banking
Absa Group Ltd

Johannesburg Stock Exchange
$635 million USD Revenue
South Africa

Thais Cavinatto

Country Director
Zambian Breweries PLC

Lusaka Securities Exchange (LuSE)
$530 million USD Revenue
Zambia

Zulfa Abdurahman

Acting Managing Director: Old Mutual Investments
Old Mutual Ltd

Johannesburg Stock Exchange
$470 million USD Revenue
South Africa

Liezel Holmes

Managing Director: Grains
Tiger Brands Ltd

Johannesburg Stock Exchange
$462 million USD Revenue
South Africa

Kerry Cassel

CEO – Mobility Solutions & Head: Innovation and Technology
Motus Holdings Ltd

Johannesburg Stock Exchange
$310 million USD Revenue
South Africa

Chioma Mang

Regional Head, East Bank
United Bank for Africa PLC

Nigerian Exc
$200 million USD Revenue
Nigeria

Bunmi Agagu-Adu

Managing Director, Eterna Industries Limited
Eterna PLC

Nigeria Stock Exchange (NSE)
$192 million USD Revenue
Nigeria

Chantal Umutoni Kagame

Chief Executive Officer, Mobile Money Rwanda Limited
MTN Rwandacell PLC

Mobile Money Rwanda

Rwanda Stock Exchange (RSE)
$181 million USD Revenue
Rwanda

Mariam Cassim

CEO: Vodacom Financial and Digital Services
Vodacom Group Ltd

Johannesburg Stock Exchange
$175 million USD Revenue
South Africa

Butsi Tladi

Chief Executive Officer – Corporate
Alexander Forbes Group

Johannesburg Stock Exchange (JSE)
$160 million USD Revenue
South Africa

Sally Ann Jackson

Managing Director – MRP Home
Mr Price Group Ltd

Johannesburg Stock Exchange
$159 million USD Revenue
South Africa

Hina Nagarajan

President, Africa
Guinness Ghana Breweries Ltd

Ghana Stock Exchange (GSE)
$141 million USD Revenue
Ghana

Pearl Nkrumah

Executive Director, Retail & Digital Banking
Access Bank Ghana Ltd

Ghana Stock Exchange (GSE)
$118 million USD Revenue
Ghana

Kerrin Land

Managing Director: Personal Finance and Wealth Management
Old Mutual Ltd

Johannesburg Stock Exchange
$98 million USD Revenue
$2.9 billion USD Market Cap
 
South Africa

Hélène Echevin

Chief Executive Officer
C-Care Group (CIEL)

SEM – Stock Exchange of Mauritius
$80 million USD Revenue
$300 million USD Market Cap

Mauritius

Prabashini Moodley

Managing Director: Old Mutual Corporate
Old Mutual Ltd

Johannesburg Stock Exchange
$62 million USD Revenue
$2.9 billion USD Market Cap
South Africa

Charlotte Amanquah

Head, Commercial Banking
Ecobank Ghana PLC

Ghana Stock Exchange (GSE)
$47 million USD Revenue
$165 million USD Market Cap
Ghana

See Group III of the 2025 Definitive List of Women CEOs