
2026 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 is provided by Bloomberg.
Group One on the List was derived after the Africa.com research team reviewed the public websites of the 484 companies to identify females who hold the title of chief executive officer, managing director, or president. The research team then used publicly available information to confirm that these executives had bottom-line, profit and loss responsibility for their companies. Two additional groups of women were selected through a similar process.
Group Two on the List was derived by reviewing the same 484 listed companies, and identifying division heads who run divisions of these companies with divisional revenue of $100 million or more. In other words, these divisions, if they were stand along companies, meet the same criteria as Group One. We then review these divisions of these companies to identify females who are the chief executives of $100 million revenue or more in listed companies.
Group Three on the List consists of Africa Region Head or Africa Country Head of global, publicly listed corporations listed on any global exchange with global revenue exceeding $5 billion.
