The Ogooué Mining Company (Comilog) ranks 109th in the Top 500 of the continent’s first companies, published by Jeune Afrique in its July 2020 publication. The first Gabonese company to appear in this ranking, the mining company is de facto the first company on the national level, according to the criteria adopted by the pan-African magazine.
Jeune Afrique has just published the second 2020 edition of its ranking of the top 500 companies on the continent, in its July publication. According to Jeune Afrique, this classification takes into account companies legally present on the continent, holding companies and their subsidiaries. “All of the financial statements come from a reliable, identifiable source, which is certified by listed companies,” said the Pan-African weekly. The magazine also specifies that companies that do not prepare consolidated accounts, like those that do not publish accounts, are absent from this ranking.
“The figures relate to the financial year ended at the end of the 2018 financial year (…) For companies closing their accounts during the year, the rule is as follows: until March 31, 2019, the figures appear in years 2018. For the others, the performances of the previous year are presented, ”explained Jeune Afrique. The ranking is thus dominated by Sonatrach (Algeria), with a turnover of 39 billion dollars, while the first Gabonese company arrives at 109th place.
It is the Ogooué Mining Company (Comilog), which achieved a turnover of 741 billion FCFA in 2018. The company led by Léod-Paul Batolo jumped nine places compared to to 2019, where she was ranked 118th. Second company in this ranking, Total Gabon, which appears in 156th place, with a turnover of 545 billion CFA francs in 2018. Like its predecessor, the oil company gained seven places compared to 2019. The National Top 3 is completed by the Société de raffinage du Gabon (Sogara), which ranks 314th (-6 places) among the top 500 companies on the continent.
The other Gabonese representatives of this top 500 are the Gabon Energy and Water Company (SEEG, 345th), Ceca Gadis (372nd), Arise (416th), the Société des brasseries du Gabon (Sobraga, 437th), Tullow Gabon (464e) and Gabon Telecom (492e).
