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 | $9.97 billion |
2. | Equity Group Holdings | $1.17 billion |
3. | East African Breweries | $1.08 billion |
4. | KCB Group | $999 million |
5. | Co-operative Bank of Kenya | $690 million |
6. | Standard Chartered Kenya | $592 million |
7. | I&M Holdings | $412 million |
8. | British American Tobacco | $340 million |
9. | Kenya Electricity Generating Company (KenGen) | $305 million |
10. | Diamond Trust Bank | $226 million |
Safaricom is by far the biggest company in Kenya because it is run efficiently, and their customer service gets better with time.