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Data provided by Bloomberg

2026 Definitive List Group I Methodology

Africa.com analyzed 1,538 companies listed on the 25 African stock exchanges. Of the 1,538 companies, Africa.com screened for those with revenue of $100 million or more, which yielded a list of 484 companies. This data was provided by Bloomberg. Africa.com then reviewed the public websites of the 484 companies to identify female chief executives. The team of Africa.com researchers examined the list of these women to determine those who held the title of chief executive officer, managing director, or president, and conducted a review to confirm that these executives had bottom-line, profit and loss responsibility for their companies. This group of women is identified as Group One on the List.

Mary Vilakazi

Chief Executive Officer
FirstRand Ltd

Johannesburg Stock Exchange
$8.58 billion USD Revenue
South Africa

Mpumi Madisa

Chief Executive Officer
Bidvest Group

Johannesburg Stock Exchange
$6.97 billion USD Revenue
South Africa

Mpumi Madisa

Chief Executive Officer
Kumba Iron Ore Ltd:

Johannesburg Stock Exchange
$4.35 billion USD Revenue
South Africa

Jeanette Marais

Group Chief Executive Officer
Momentum Group Ltd

Johannesburg Stock Exchange
$4.06 billion USD Revenue
South Africa

Naziha Belkeziz

Chairman & CEO
Banque Centrale Populaire

Casablanca Stock Exchange
$2.87 billion USD Revenue
Morocco

Dr. Adaora Umeoji, OON

Group Managing Director & CEO
Zenith Bank PLC 

Nigerian Stock Exchange
$2.83 billion USD Revenue
Nigeria

Bertina Engelbrecht

Chief Executive Officer
Clicks Group Ltd

Clicks Group Ltd

Johannesburg Stock Exchange
$2.64 billion USD Revenue
South Africa

Felicia Msiza

Chief Executive Officer
Raubex Group Ltd

Johannesburg Stock Exchange
$1.15 billion USD Revenue
South Africa

Jane Karuku

Group Managing Director & CEO
East African Breweries

Nairobi Stock Exchange
$995.19 million USD Revenue
Kenya

Ruth Zaipuna

Managing Director and Chief Executive Officer
NMB Bank Plc

Dar es Salaam Stock Exchange
$856.51 million USD Revenue
Tanzania

Sylvia Mulinge

Chief Executive Officer
MTN Uganda Ltd

Uganda Securities Exchange
$845 million USD Revenue
Uganda

Yemisi Edun

Managing Director
FCMB Group Plc

Nigerian Stock Exchange
$741.44 million USD Revenue
Nigeria

Nneka Onyeali-Ikpe

Managing Director & CEO
Fidelity Bank Plc

Nigerian Stock Exchange
$654.19 million USD Revenue
Nigeria

Ramasela Ganda

Group Chief Executive Officer
Zeda Ltd

Johannesburg Stock Exchange
$589.29 million USD Revenue
South Africa

Michelle Kiplin

Managing Director
Tanzania Breweries Ltd

Dar es Salaam Stock Exchange
$562.66 million USD Revenue
Tanzania

Dorette Neethling

Acting Chief Executive Officer
Adcock Ingram Holdings Ltd

Johannesburg Stock Exchange
$537.49 Million USD Revenue
South Africa

Nasim Devji

Group Chief Executive Officer
Diamond Trust Bank Kenya Ltd

Nairobi Securities Exchange
$533.94 million USD Revenue
Kenya

Abena Osei-Poku

Managing Director
Ecobank Ghana PLC

Nigerian Stock Exchange
$477.12 million USD Revenue
Nigeria

Pakinam Kafafi

Chief Executive Officer
Taqa Arabia Co

Egyptian Exchange
$429.68 million USD Revenue
Egypt

Marie-Joséphine Sidibé

Managing Director
Société Multinationale de Bitume

Bourse Régionale des Valeurs Mobilières
$377.76 million USD Revenue
Cote d’Ivoire

Agnes Jazza

Chief Executive Officer
FMB Capital Holdings PLC

Malawi Stock Exchange
$348.16 million USD Revenue
Malawi

Jalila Mezni

Co-Founder and Group CEO
Societe d’Articles Hygieniques (SAH Group)

Bourse de Tunis
$344.45 million USD Revenue
Tunis

Zanele Matlala

Chief Executive Director
Merafe Resources Ltd

Johannesburg Stock Exchange
$311.49 million USD Revenue
South Africa

Faith Mukutu

Chief Executive Officer
Zambeef Products Plc

Lusaka Stock Exchange
$307.11 million USD Revenue
Zambia

Lamia Tazi

Chief Executive Officer
Société de Thérapeutique Marocaine S.A

Casablanca Stock Exchange
$283.23 million USD Revenue
Morocco

Dr. Owen Omogiafo, OON

President and Group CEO
Transnational Corp of Nigeria

Nigerian Stock Exchange
$280.24 million USD Revenue
Nigeria

Mukwandi Chibesakunda

Chief Executive Officer
Zambia National Commercial

Lusaka Stock Exchange
$273.27 million USD Revenue
Zambia

Keabetswe Pheko-Moshagane

Managing Director
Absa Bank Botswana Ltd

Botswana Stock Exchange
$219.21 million USD Revenue
Botswana

Val Nichas

Chief Executive Officer
SPUR Corp Ltd

Johannesburg Stock Exchange
$212.74 million USD Revenue
South Africa

Catherine Lesetedi

Group CEO
Botswana Insurance Holdings Ltd

Gaborone Stock Exchange
$205.87 million USD Revenue
Botswana

Thais Cavinatto

Managing Director
Zambian Breweries PLC

Lusaka Stock Exchange
$204.62 million USD Revenue
Zambia

Valdene Reddy

Group Chief Executive
JSE Ltd

Johannesburg Stock Exchange
$189.77 million USD Revenue
South Africa

Dalia Khorshid

Group CEO
Beltone Holding

Egypt Stock Exchange
$176.47 million USD Revenue
Egypt

Temwani Simwaka

Chief Executive Officer
NBS Bank Ltd

Malawi Stock Exchange
$169.04 million USD Revenue
Malawi

Prof. Dr. Hend El Sherbini

Group Chief Executive Officer
Integrated Diagnostics Holdings (IDH)

Egypt Stock Exchange
$165.71 million USD Revenue
Egypt

Ethel Emma-Uche

Managing Director
Bralirwa SA

Rwanda Stock Exchange
$165.17 million USD Revenue
Rwanda

Jackie van Niekerk

Chief Executive Officer
Attacq Ltd

Johannesburg Stock Exchange
$159.05 million USD Revenue
South Africa

Njilan Senghore

Managing Director
Trust Bank Ltd/Gambia

Ghana Stock Exchange
$134.95 million USD Revenue
Ghana

Mercy R. Ndoro

Group Chief Executive
Dairibord Holdings Ltd

Zimbabwe Stock Exchange
$126.75 million USD Revenue
Zimbabwe

Mercy R. Ndoro

See Group II of the 2026 Definitive List of Women CEOs