Top 10 Most Valuable Companies In Kenya
Kenya is one of the biggest economy in East Africa and Africa as well. Some of the best valued companies in Africa come from Kenya with Safaricom being the top valued company in Kenya. As of 2022 report that was released last year. Companies and brand on Kenya were featured. The total value of Africa’s top 150 most valuable brands has declined by US$5.5 billion (12%) from US$45.5 billion in 2020 to US$40.0 billion in 2021, according to the latest Brand Finance Africa 150 2021 report.
As of December 2021, Kenya dominated the list with 14 companies in East Africa by market cap. The report noted that Safaricom is the most valuable brand in East Africa and Mauritius, with a market capitalisation of $15.4 billion, accounting for 49% of the market capitalisation of the Top 30 companies.
Here is the list of the top 10 most valuable Kenyan companies.
Top 10 Most Valuable Companies In Kenya
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Safaricom
Kenya’s leading telecommunications service provider with the widest Network coverage, Best data, voice & SMS network, affordable prepaid and postpaid telecommunication services. Safaricom PLC is a listed Kenyan mobile network operator headquartered at Safaricom House in Nairobi, Kenya. By market share, Safaricom is the most profitable company in the Kenya, East and Central Africa region.
The company also runs the largest mobile money tranfer platform namely Mpesa that has proven to be among the most profitable product of the telecommunication company
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Equity Bank
Equity Group is the largest private bank in the region with assets of over Kshs 1.5 trillion (USD 12 billion). It is also the biggest bank in deposits, market capitalization and with a customer base of over 15 million customers. Its rich history and financial muscles had made equity bank to be one of the most valuable companies not only in Kenya but East Africa as well
The Equity Bank Group has over 350 branches, 53,151 Agents, 34,862 Merchants, 725 ATMs, and an extensive adoption of digital banking channels.
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KCB Banks
KCB bank which operates under KCB Group is registered as a non-operating holding company that started operations as a licensed banking institution with effect from January 1, 2016. The bank has over 220 branches spread across Kenya, Tanzania, Sudan, Uganda and Rwanda. KCB is turning its dream of becoming East Africa’s first indigenous full-service regional bank into a reality. with an asset base running into millions of money, KCB Gropu is one of the most valued brand in Kenya
Currently, KCB is seeking deeper partnership with the United Nations Global Compact (UNGC) in the areas of sustainability and support towards small and medium enterprises across East Africa.
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Co-operative Bank
The Co-operative Bank of Kenya is one of the largest Kenyan banks and is also listed on the Nairobi Securities Exchange. The bank serves the banking needs of individuals, co-operative societies and unions, small businesses, Government & public sector and institutions. The bank has four subsidiary companies namely:
Kingdom Securities Limited, a stock broking subsidiary (60% shareholding)
Co-opTrust Investment Services Limited, a fund and investment management subsidiary (100% shareholding)
Co-operative Consultancy Services (K) Limited, a business consultancy and capacity-building subsidiary (100% shareholding)
CIC Insurance Company Limited, a leading composite insurance company in Kenya (21% shareholding)
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ABSA Kenya
At number 5 is Absa bank. Absa bank is another top rated financial institution in Kenya and beyoung that emerged as a nother valuable brand in Kenya. Having been previously ranked at Number 7, Absa bank has grown to take the 5 spot and more is expected from this institution that recently rebrandend from Barclays.
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BAT Kenya
British American Tobacco Kenya plc (BAT Kenya) is part of the British American Tobacco Group (BAT Group), one of the world’s leading multi-category consumer goods companies. The company is known to be among the most valued companies with a good record over the past years.
BAT is Listed on Kenya national securities as a public company and has consistently grown over time.
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StanChart Kenya
Standard Chartered bank Kenya has been in existence in Kenya for over 100 years. Standard Chartered Bank Kenya Limited is regulated by the Central Bank of Kenya. With its rich history, the bank is among the most valued companies in the country.
In the Kenya Bankers Association 2021 Customer Satisfaction Survey, we emerged 1st in the Best Tier 1 category, and 2nd in the Best Overall bank, for Customer Responsiveness and Satisfactory Digital Experience.
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NCBA Kenya
NCBA Bank Kenya, whose full name is NCBA Bank Kenya Plc, is a commercial bank in Kenya. It is licensed by the Central Bank of Kenya, the country’s central bank and national banking regulator.
The new NCBA has harnessed the power of both NIC and CBA to create a bank that brings together the best of both worlds — from cutting edge mobile banking to good old-fashioned relationship management; from scalable business banking to financial services that grow as your business does; from best-in-class choice of products to investment solutions tailored to your specific needs.
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I & M Holding
I&M is one of Kenya’s leading banking groups, with additional operations in Tanzania, Rwanda and Mauritius.
It offers loans and other financial services to individuals, SMEs and local corporates across these countries. In Kenya, its network extends to 42 branches.
Shareholders in the Kenya-based firm include CDC, as well as local and foreign institutional and individual investors.
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Stanbic Kenya
Last but not least is Stanbic Kenya. This is another financial institution that is also considered as one of the most valued companies in Kenya. Stanbic Bank Kenya is Kenya’s sixth largest commercial bank as measured by total assets and is a member of the Standard Bank Group
Stanbic Bank Kenya is a corporate and retail bank licensed by the Central Bank of Kenya to provide banking services in the Kenyan economy.
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