MTN The Most Admired And Most Valuable African Brand
21 November 2014
At the official launch at the Nairobi Stock Exchange, Brand Africa announced the 2014 Brand Africa 100, a ranking of the most admired and most valuable brands in sub-sahara Africa. In a list dominated by electronics (17%), beverages (14%), auto manufacturers (14%), apparel (12%) and telecommunications (10%), pan-African telecommunicaitons giant, MTN, topped the African list as the most valuable and most admired African brand. Valued at over $5.4bn MTN is the only African brand valued over a billion dollars. Apple, at $105bn replaced Samsung as the most valuable non-African brand, while Coca Cola retained its position as the most admired non-African brand in Africa. Coca-Cola toppled Nokia as the overall most admired brand in Africa, while MTN moved up a spot in the admiration ranks among Africans.
Non-African brands have continued to set the pace, commanding 77 of the 100 entries in the most admired brands and 99% of the value. While African brands have retained a similar number of brands among the most admired (23 in 2014 compared to 24 in 2013) and African brands have not lost any value year to year ($11bn), their brands have not gained any market share and their worth has declined in relative terms (from 2% of total value in 2013 to only 1%).
South Africa, with 11 of the 23 African brands, remains the most dominant branding nation, accounting for 91% of the value of the brands. Kenya at 5% and Nigeria at 3% round off the top 3 which make up 99% of the value of African brands.
The most admired regional brands are MTN (Southern Africa), Glo (West Africa), Tusker (East Africa) and Marsavco (Central Africa). The most valuable regional brands are MTN (Southern Africa), Dangote (West Africa), Safaricom (East Africa) and Marsavco (Central Africa).
The most admired African nations mentioned spontaneously by Africans were Nigeria (West Africa), Kenya (East Africa) and South Africa (Southern Africa).
“While non-African brands understandably dominate African brands in value because of their sheer volumes, historical admiration and investment, that African brands remain competitive among the most admired brands bodes well for the future of African brands,” Says Thebe Ikalafeng, Founder and Chairman of Brand Africa and Chairman of Brand Finance Africa. “As African economies grow and Africans become wealthier and grow their brand building capacity, the demand for indigenous brands or non-African brands that are built on African insights will prosper. It’s an appetizing opportunity for Made in Africa brands.”
“The Nairobi Securities exchange congratulates all the winners of the 2014 Most Admired and Most Valuable African Brands, specifically our local listed firm East African Breweries (Tusker). We urge other local companies to continue reinforcing their brands, strengthening Kenya’s position as East and Central Africa’s financial services hub.”
Established in 2011, Brand Africa 100® measures and ranks the brands that consumers admire and their corresponding value. Brand Africa 100® was developed by Brand Africa in partnership with Brand Finance plc, the world’s leading independent valuation consultancy, and TNS, the globally respected consumer knowledge and information company, supported by Geopoll, the leading mobile survey platform with a database of nearly 200m users in emerging markets, to create a unique index and ranking that recognizes the most admired and valuable brands in Africa.
The 2014 Brand Africa 100 is based on a survey among a representative sample of eight countries, covering the major sub-Saharan Africa (SSA) regions to establish the base top 100 most admired brands. These countries, Ghana and Nigeria (West Africa; Kenya, Tanzania and Uganda (East Africa); DRC (Central Africa) and Mozambique and South Africa (Southern Africa). Collectively, these countries represent 51% (477m) of SSA population and 67% ($1,065 trillion) of Africa’s GDP. Their countries’ brands are also often the dominant brands with a dominant influence and consumer base within their regions.
The Brand Africa 100® is published annually by African Business magazine. The 2014 Brand Africa 100 – Africa’s Best Brands full results and detailed analysis will be available in the December issue of African Business, which will be on sale globally from the 24th November.