As the global economy keeps growing, so are companies around the world; Kenyan companies included. In the recent past we have witnessed Kenyan companies rising to the occasion in competing with their counterparts from advanced economies. Some companies have seen their value grow steadily, thereby ranking as the most valued in Kenya. Market capitalization is the market value of a publicly traded company’s outstanding shares, which is equal to the share price multiplied by the number of shares outstanding.
Here are the top 10 most valuable companies in Kenya.
Rank | Company | Market cap |
1. | Safaricom | $15 billion |
2. | Equity Group Holdings | $1.99 billion |
3. | KCB Group | $1.49 billion |
4. | East African Breweries | $1.29 billion |
5. | Co-operative Bank of Kenya | $751 million |
6. | Absa Bank Kenya | $646 million |
7. | Standard Chartered Bank Kenya | $566 million |
8. | British American Tobacco Kenya | $442 million |
9. | NCBA Group | $427 million |
10. | I&M Holdings | $354 million |
Safaricom is by far the biggest company in Kenya because it is run efficiently, and their customer service gets better with time.