Top African Brands Could Lose up to US$60 Billion from COVID-19.

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  • Top 150 most valuable African brands from inaugural Brand Finance Africa 150 2020 ranking stand to lose up to US$60 billion of cumulative brand value following devastating COVID-19 pandemic

  • MTN is Africa’s most valuable brand, brand value US$3.3 billion

  • South African brands dominate the ranking, claiming 87 spots and accounting for 76% of total brand value

  • 19 African countries represented, including 16 Nigerian brands and 9 Moroccan brands

  • Banking, telecoms and insurance sectors most valuable across the continent

  • Kenya’s Senator Lager is Africa’s fastest-growing brand, up to impressive 88%

  • Vodacom is continent’s strongest brand, Brand Strength Index (BSI) score 89.5 out of 100

Top African brands could lose US$60 billion from COVID-19

As the COVID-19 pandemic wreaks havoc on the global economy, Africa’s top 150 most valuable brands could lose up to 12% of brand value cumulatively, a drop of US$60 billion compared to the original valuation date of 1st January 2020.

Top African Brands Could Lose up to US$60 Billion from COVID-19 brandspurng
Top African Brands Could Lose up to US$60 Billion from COVID-19 |

Looking beyond Africa, the value of the 500 most valuable brands in the world, ranked in the Brand Finance Global 500 2020 league table, could fall by an estimated US$1 trillion as a result of the Coronavirus outbreak.

Brand Finance has assessed the impact of COVID-19 based on the effect of the outbreak on enterprise value, compared to what it was on 1st January 2020. Based on this impact on enterprise value, Brand Finance estimated the likely impact on brand value for each sector.

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The industries have been classified into three categories – limited impact (minimal brand value loss or potential brand value growth), moderate impact (up to 10% brand value loss), and heavy impact (up to 20% brand value loss) – based on the level of brand value loss observed for each sector in the first quarter of 2020.

Top African Brands Could Lose up to US$60 Billion from COVID-19 brandspurng1
Top African Brands Could Lose up to US$60 Billion from COVID-19 |

There is no denying that the African market remains immature and fragmented in comparison to its global counterparts. The lack of connectedness between nations across the continent means that brands’ growth is being stifled and they are unable to flourish beyond their home markets. This does pose, however, a great opportunity for African brands to develop in a market ripe for consolidation and M&A.

Jeremy Sampson, Managing Director, Brand Finance Africa

MTN crowned Africa’s most valuable

For the first time, Brand Finance has launched the Africa 150 ranking – a ranking of Africa’s top 150 most valuable and strongest brands.

South Africa’s telco giant MTN has been crowned as the continent’s most valuable brand, despite recording a 1% brand value loss to US$3.3 billion. Over the last year, Africa’s largest mobile operator has celebrated solid profits and impressive subscriber growth, which currently stands at over 250 million across 23 countries.

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As with all big telcos globally, MTN is being squeezed from all sides as OTT messaging apps like WhatsApp are impacting voice and SMS revenue, and challenger brands offer comparable data services at below-market rates, leading to fierce price competition and decreasing margins. However, COVID-19 may be an opportunity for telecoms brands to reverse their fortunes, as Brand Finance predicts a limited overall impact to the sector and even potential for growth as demand surges.

South Africa dominates

MTN is leading the way for South African dominance in the ranking. The entire top 10 are South African brands, and a total of 87 brands feature with a cumulative brand value of US$34.6 billion, equating to 76% of the total brand value in the ranking.

Vodacom (brand value down 8% to US$2.1 billion), First National Bank (down 6% to US$1.6 billion), Absa (down 3% to US$1.5 billion) and Old Mutual (up 16% to US$1.4 billion) complete the top 5.

Only 19 out of the 54 African countries are represented in the ranking. Behind South Africa, Nigeria’s 16 brands account for 7% of the total brand value in the ranking (cumulative brand value US$3.2 billion) and Morocco’s 9 brands account for 5% (cumulative brand value US$2.2 billion).

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Banking, telecoms and insurance take the podium

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When assessing the ranking at a sector level, banking, telecoms and insurance brands are the most valuable with these brands amassing a total value of US$12.5 billion, US$10.4 billion and US$3.8 billion respectively.

South African brands once again dominate the banking sector, five of which are placed within the top 10. The highest-ranked bank outside of the nation is Morocco’s Attijariwafa Bank (down 1% to US$459 million). Despite recording a slight drop in brand value, Morocco’s leading bank has continued to report steady earnings in the face of mixed macroeconomic trends across the nation.

The bank has been negotiating a difficult transition, however, in the Egyptian market following its acquisition of Barclays’ Egypt subsidiary in 2017.

Telecoms brands MTN and Vodacom claim the first and second spot in the overall ranking. The third most valuable telecoms brand – and 12th most valuable in the ranking – is Kenya’s Safaricom with a brand value of US$970 million.

There are nine insurance brands in the ranking, all of which hail from South Africa. Old Mutual is Africa’s most valuable insurance brand with a brand value of US$1.4 billion.

Kenya’s Senator Lager is fastest growing

Senator Lager’s brand value has grown an impressive 88% to US$132 million, making the beer brand the fastest growing brand in this year’s ranking in some way.

The beer brand was established by alcohol giant Diageo in 2012 when emerging economies posed a real opportunity for growth and developed economies were becoming saturated. Since its inception, Senator Lager has become popular amongst workers – some of whom have switched to the brand from homemade alternatives – due to its very low prices.

Brewed by East African Breweries, the brewer has benefitted from a more stable business environment over the last year, as well as an increase in production capacity. Sales of Senator rose by a third over the previous year, which has helped to offset some of the difficulties that both Diageo and East African Breweries are encountering as a result of higher taxes in Kenya.

Vodacom is continent’s strongest

In addition to measuring overall brand value, Brand Finance also evaluates the relative strength of brands, based on factors such as marketing investment, customer familiarity, staff satisfaction, and corporate reputation. According to these criteria, Vodacom (down 8% to US$2.1 billion) is the strongest brand in Africa, with a Brand Strength Index (BSI) score of 89.5 out of 100 and a corresponding AAA brand strength rating.

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Brand Finance’s global brand monitor study showcased a clear improvement in Vodacom’s brand investment metrics – place, price, products and promotion. All of which were considerably stronger than main rival MTN. Vodacom has committed to a 34% price cut its in-data services following an agreement with the Competition Commission, after criticism that it was exploiting its market dominance.

This price cut is no doubt going to bolster the brand’s already burgeoning subscriber base, which is currently growing on average by a staggering 67,000 a day.

Vodacom is currently working with the nation’s health department to send COVID-19 alerts to its 44 million customers. Furthermore, the brand is providing subscribers with free access to premium health and education websites.

No truly Pan-African brands exist, with even the highest performing brands in the ranking often only operating out of their home countries and therefore finding themselves a complete unknown across the continent and globally. It is no surprise that South Africa is by far the most represented economy in the ranking, with 87 brands featuring, which account for 76% of the total brand value.

Declan Ahern, Valuation Director, Brand Finance London

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Top African Brands Could Lose up to US$60 Billion from COVID-19. - Brand SpurTop African Brands Could Lose up to US$60 Billion from COVID-19. - Brand Spur

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Top African Brands Could Lose up to US$60 Billion from COVID-19. - Brand SpurTop African Brands Could Lose up to US$60 Billion from COVID-19. - Brand Spur

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Four 12 Year Old Students To Tackle Hong Kong’s Longest Trail to Raise Funds for The Child Development Centre (CDC) for Children with Special...

HONG KONG SAR - Media OutReach - 9 March 2021 - From 27 to 29 March 2021, four secondary school students will challenge themselves to complete the longest trail in Hong Kong - the 100km MacLehose trail. Their aim is to raise essential funds for The Child Development Centre (CDC), a non-profit organisation that supports children with special educational needs. Please support and donate to this cause at

Top African Brands Could Lose up to US$60 Billion from COVID-19. - Brand Spur Top African Brands Could Lose up to US$60 Billion from COVID-19. - Brand Spur

Jack, Jaden, Gabriel, and Martin are year-12 students at an international school in Hong Kong. The hike they will complete is not only daunting in length, but also challenging due to the elevation of 5,053 metres. The students chose the CDC as the sole beneficiary as Jack's younger sister previously attended an early intervention programme there. "This organisation (the CDC) is very close to Jack's heart, as he has a younger sister with Down's Syndrome, and understands the difficulties that families face when raising and educating special needs children to reach their full potential, which is something that every child deserves.

"Money donated to the CDC will go towards programme and service expenses, allowing them to aid even more families, and provide even better care with their top notch teaching specialists and therapists. Furthermore, it is no doubt that under the current COVID-19 pandemic, non-profit organisations like this will be impacted the most, so any money donated will be especially helpful now more than ever. We would really appreciate your support on our journey and cause!"

Dr. Yvonne Becher, the Chief Executive of the CDC, expressed her gratitude to the students for organising this meaningful event, "we are grateful for Jack's and his team's initiative, and are glad that the CDC's work is being recognised and has created such positive value to families throughout the years. Hope everyone can also feel the love and faith that Jack has for his sister, and spread the positive energy to many other children with additional needs in our society."

Top African Brands Could Lose up to US$60 Billion from COVID-19. - Brand Spur Top African Brands Could Lose up to US$60 Billion from COVID-19. - Brand Spur

Based on each child's needs, the CDC's multidisciplinary team offers services such as assessments, early intervention programmes, speech therapy, occupational therapy, and targeted support programmes addressing social skills, sensory processing, attention, behaviour, early literacy and numeracy, and more. The CDC is also committed to supporting parents and professionals through counselling services, outreach screening, and child development training.

This press release is distributed by The Child Development Centre and supported by Media OutReach Newswire

About The Child Development Centre:

Igniting Learning Journeys - One Child at a Time

The Child Development Centre (CDC) is a non-profit education, assessment and therapy provider for children of early childhood age (0 - 8) with a wide spectrum of additional learning or developmental needs. We envision that every child will succeed in their unique learning journey and are missioned to provide quality learning experiences for the individual child and empower their families. The CDC is one of only two government-supported Early Education and Training Centres (EETCs) in Hong Kong which provide programmes and services in both English and Chinese, serving more than 400 children per year.

Address: 4/F, Prime Mansion, 183-187 Johnston Road, Wan Chai, Hong Kong

T 3462 2875 | F 2849 6900 |

Top African Brands Could Lose up to US$60 Billion from COVID-19. - Brand Spur
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