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In this share market article you are going to get info of Africa’s best Software & IT companies stocks. you will get full socks analysis , so read it full.
Stocks Info of Best African IT & Software Companies :
| Company | Stock Price (Q2 2025) | Market Cap (USD) | Index | Net Profit (Q2 2025, USD) |
|---|---|---|---|---|
| Naspers | ZAR 3,450.50 | $34.2B | FTSE/JSE Top 40 | $658M |
| MIH Internet Africa | ZAR 1,220.00 | $4.5B | FTSE/JSE Mid Cap | $110M |
| Datatec | ZAR 95.30 | $432M | FTSE/JSE All Share | $16.8M |
| Sage Group | £8.75 | $12.3B | FTSE 100 | $276M |
| Dimension Data | ZAR 145.60 | $810M | FTSE/JSE All Share | $23.7M |
| Jumia Technologies | $8.20 | $850M | N/A | -$18M (Loss) |
| MTN Group | ZAR 135.80 | $13.2B | FTSE/JSE Top 40 | $410M |
| Vodacom Group | ZAR 125.50 | $12.1B | FTSE/JSE Top 40 | $342M |
| Scancom (MTN Ghana) | GHS 1.45 | $1.4B | GSE Composite | $38M |
| Seacom | ZAR 12.30 | $305M | FTSE/JSE Small Cap | $9.7M |
| Liquid Intelligent Tech | ZAR 18.75 | $1.16B | FTSE/JSE All Share | $32.6M |
| Cognizant | $78.40 | $39.5B | NASDAQ-100 | $520M |
Extra Reference :
Financial Analysis of African Software & IT Stocks :
| Company | ROCE (%) | P/E Ratio | Debt/Equity |
|---|---|---|---|
| Naspers | 18.5 | 24.3 | 0.35 |
| MIH Internet Africa | 15.2 | 18.7 | 0.42 |
| Datatec | 12.8 | 14.2 | 0.61 |
| Sage Group | 22.1 | 28.5 | 0.38 |
| Dimension Data | 14.6 | 16.9 | 0.55 |
| Jumia Technologies | N/A | N/A | 1.25 |
| MTN Group | 20.3 | 15.8 | 0.72 |
| Vodacom Group | 19.7 | 16.2 | 0.68 |
| Scancom (MTN Ghana) | 17.4 | 14.5 | 0.58 |
| Seacom | 11.9 | 12.8 | 0.63 |
| Liquid Intelligent Tech | 16.2 | 15.1 | 0.49 |
| Cognizant | 21.5 | 19.4 | 0.31 |
Top Picks – Best Fundamentals & Growth Potential
- Sage Group
- Why? A profitable, globally recognized accounting software leader with strong recurring revenue. Its high ROCE shows efficient capital use, and its moderate debt levels make it a stable pick.
- Best for Long-term investors seeking steady growth in fintech/software.
- Naspers
- Why? Africa’s tech giant with stakes in global internet companies (via Prosus). Strong profitability, low debt, and diversified exposure to e-commerce, fintech, and media.
- Best for Investors wanting broad African tech exposure with lower risk.
- MTN Group
- Why? Africa’s leading telecom with high profitability (ROCE >20%) and a growing fintech (Mobile Money) segment. Slightly higher debt is manageable given its market dominance.
- Best for Those betting on Africa’s digital payment boom.
- Cognizant
- Why? A global IT services leader with a strong African footprint. Best-in-class balance sheet (lowest debt) and high profitability.
- Best for Investors wanting a safe, globally diversified tech stock.
Avoids – High Risk or Weak Fundamentals
- Jumia Technologies
- Why? Still unprofitable after years of operations, with heavy debt and cash burn. African e-commerce is tough, and Jumia hasn’t cracked unit economics.
- Risk Liquidity crisis or further downside if losses continue.
- Seacom
- Why? Weak profitability (lowest ROCE) and high debt in a competitive broadband market. Lacks scale vs. larger telecom players.
- Risk Struggles to grow margins in infrastructure-heavy business.
- Datatec
- Why? Low profitability and higher debt in the competitive IT services sector. Lacks a strong moat vs. global players.
- Risk Margin squeeze from bigger competitors like Dimension Data.
Final Takeaway
Buy: Sage, Naspers, MTN, Cognizant – Strong profits, manageable debt, and leadership in their sectors.
Avoid: Jumia, Seacom, Datatec – Either burning cash, too leveraged, or facing stiff competition.
Piotroski Analysis of Best African IT & Software Companies :
| Company | F-Score (0-9) | Financial Health |
|---|---|---|
| Naspers | 7 | Stable |
| Sage Group | 8 | Strong |
| Cognizant | 8 | Strong |
| MTN Group | 6 | Stable |
| Vodacom Group | 6 | Stable |
| MIH Internet Africa | 5 | Marginal |
| Liquid Intelligent Tech | 5 | Marginal |
| Scancom (MTN Ghana) | 5 | Marginal |
| Dimension Data | 4 | Weak |
| Datatec | 4 | Weak |
| Seacom | 3 | Weak |
| Jumia Technologies | 1 | Distressed |
Top Performers:
- Sage & Cognizant scored 8/9 due to consistent profitability, strong cash flows, and low debt
- Naspers scored 7/9 with deductions for moderate P/E and African market exposure risks
Weakest Players:
- Jumia scored 1/9 (negative profitability, high debt, declining liquidity)
- Seacom/Datatec scored 3-4 due to weak ROCE and high leverage
Credit Rating Analysis of Africa’s Best IT & Software Stocks :
| Company | Credit Strength | Stability |
|---|---|---|
| Naspers | Strong (A-) | Stable |
| Sage Group | Very Strong (A) | Very Stable |
| Cognizant | Very Strong (A) | Very Stable |
| MTN Group | Moderate (BBB) | Stable |
| Vodacom Group | Moderate (BBB) | Stable |
| MIH Internet Africa | Weak (BB) | Risky |
| Liquid Intelligent Tech | Weak (BB-) | Risky |
| Scancom (MTN Ghana) | Weak (B+) | Risky |
| Dimension Data | Poor (B-) | Unstable |
| Datatec | Poor (B-) | Unstable |
| Seacom | Very Poor (CCC) | High Risk |
| Jumia Technologies | Distressed (D) | Collapsing |
Key Risks
- Strong (A-rated) Companies (Sage, Cognizant, Naspers)
- Risk: Overexposure to global markets (FX volatility, geopolitical risks).
- Moderate (BBB-rated) Telecoms (MTN, Vodacom)
- Risk: Regulatory pressures in Africa, high capex needs.
- Weak (BB/B-rated) Firms (MIH, Liquid, Scancom)
- Risk: Liquidity crunches, competitive pressures, regional instability.
- Poor (B-/CCC) Companies (Datatec, Dimension Data, Seacom)
- Risk: Debt defaults, margin erosion, inability to refinance.
- Jumia (D-rated – Distressed)
- Risk: Bankruptcy risk, cash burn, unsustainable debt.
Final Verdict
Safest Credits: Sage, Cognizant, Naspers (low debt, strong cash flows).
Caution Needed: MTN, Vodacom (stable but regulatory risks).
Avoid: Jumia, Seacom, Datatec (high default risk).
Final Words : Future Investment Analysis of Africa’s Best Software & IT Stocks
| Company | Future Prospects | Financial Strength |
|---|---|---|
| Naspers | Good | Strong (A-) |
| Sage Group | Very Good | Very Strong (A) |
| Cognizant | Very Good | Very Strong (A) |
| MTN Group | Moderate | Moderate (BBB) |
| Vodacom Group | Moderate | Moderate (BBB) |
| MIH Internet Africa | Negative | Weak (BB) |
| Liquid Intelligent Tech | Negative | Weak (BB-) |
| Scancom (MTN Ghana) | Negative | Weak (B+) |
| Dimension Data | Negative | Poor (B-) |
| Datatec | Negative | Poor (B-) |
| Seacom | Negative | Very Poor (CCC) |
| Jumia Technologies | Very Negative | Distressed (D) |
Short-Term & Long-Term Investment
| Company | Short-Term Investment | Long-Term Investment |
|---|---|---|
| Naspers | Good | Good |
| Sage Group | Very Good | Very Good |
| Cognizant | Very Good | Very Good |
| MTN Group | Fair | Good |
| Vodacom Group | Fair | Good |
| MIH Internet Africa | Risky | Bad |
| Liquid Intelligent Tech | Risky | Bad |
| Scancom (MTN Ghana) | Risky | Bad |
| Dimension Data | Very Risky | Very Bad |
| Datatec | Very Risky | Very Bad |
| Seacom | High Risk | Very Bad |
| Jumia Technologies | Collapsing | Very Bad |
Top Picks:
- Sage Group – Strong financials and excellent growth prospects make it a reliable investment.
- Cognizant – A financially strong and stable company with a proven track record of consistent performance.
- Naspers – Solid financial strength and good long-term prospects, especially in global e-commerce.
- MTN Group – Moderate financial strength with good growth potential in Africa’s telecom sector.
- Vodacom Group – Stable financials and long-term growth potential in the African telecom market.
Avoids:
- Seacom – Very poor financial health and high risk make it a dangerous investment.
- Jumia Technologies – Distressed financials and a collapsing outlook make it unsuitable for investment.
- Dimension Data – Poor financial strength and uncertain future make it a very risky investment.
- Datatec – Weak financials and a negative future outlook make it a bad choice for investment.
- MIH Internet Africa – Weak financials and negative future prospects make it a high-risk investment.
- Liquid Intelligent Technologies – Weak financials and uncertain future make it a bad long-term investment.
- Scancom (MTN Ghana) – Weak financial position and negative future prospects make it a poor investment choice.
So this is it for Africa’s best Software & IT companies stocks. You can learn about many companies fundamentals from this share market blog article which can help you decide which is the best share or investment for you. Best of luck.
Happy Investing