- 1 Top Ten Biggest Companies in Kenya
- 1.1 1. Safaricom Limited Company
- 1.2 2. East Africa Breweries Limited (EABL)
- 1.3 3. Equity Bank
- 1.4 4. Kenya Commercial Bank
- 1.5 5. Corporative Bank of Kenya
- 1.6 6. Kenya Airways Limited
- 1.7 7. British American Tobacco Kenya Limited
- 1.8 8. Standard Chartered Kenya
- 1.9 9. Bamburi Cement
- 1.10 10. Barclays Bank
- 2 Biggest Companies in Kenya Conclusion
Right now, I will take a gander at the biggest companies in Kenya. The economy of Kenya has developed hugely in the ongoing past, making it perhaps the biggest economy in East Africa by GDP.
Hence, companies worldwide have picked Kenya as their base so they can misuse the plentiful open doors in the strong market. Kenyan residents claim a portion of these companies, while others are outside Investments.
Kenya being prolific ground for organizations to flourish has empowered these companies to post noteworthy execution as far as benefits, administration conveyance to their customers and workers.
Not just that, their workers are among the best paid, making the companies the most looked for after by work searchers.
The following is a rundown of 10 biggest companies in Kenya 2020, which can be grouped into five classifications: Private, worldwide, enrolled, new companies, and multinationals.
Likewise, they spend significant time in assembling, transport, money related administrations, correspondence, and cultivating.
Top Ten Biggest Companies in Kenya
Here is a rundown of the ten biggest companies in Kenya as of the year 2020:
1. Safaricom Limited Company
Safaricom is the main versatile system administrator in Kenya.
It was among the main portable system administrators to set up a campsite in Kenya, empowering Kenyans to appreciate the utilization of cell phones.
It was established in 1993 as a branch of the Kenya Posts and Telecommunications Corporation. From that point forward, it has been going by three CEOs. Michael Joseph, the late Bob Collymore and as of now Peter Ndegwa.
Its headquarter is in Westlands Nairobi. It likewise has branches in the vast majority of the urban focuses the nation over.
Its workers are more than 5000 across the nation, and it has likewise put resources into business consequently guaranteeing their clients are all around dealt with.
Safaricom has roughly 29.5 million supporters.
In the year 2019, Safaricom made Ksh. 63.4 Billion Net Profits and its M-Pesa Revenue went up to Ksh. 74 Billion
2. East Africa Breweries Limited (EABL)
EABL, as it is prevalently known, is another large organization in Kenya. Established in 1922 it happens to be among the most established companies in Kenya that have encountered exponential development throughout the decades,
It converged with Tanganyika bottling works to shape East African Breweries Limited. East African Breweries Limited is famously alluded to as EABL.
The organization has branches in different nations, for example, Kenya Tanzania Uganda and South Sudan.
It has some expertise in the creation of lager, spirits, and non-mixed beverages. Its driving image is Tusker
different brands incorporate all sops ale, representative ale, Smirnoff, among others.
Additionally, it subcontracts ranchers to cultivate grain for the organization to get paid an aggregate of KSH 1.2 billion.
In the year 2019, the EABL posted a benefit of sh 11.5b after assessment.
3. Equity Bank
Another huge organization in Kenya is Equity Bank. It isn’t just a money related supplier; it is likewise a venture bank.
With 173 branches countrywide, Equity bank has 38 branches in Nairobi alone.
Equity bank was established in Kenya in October 1984 as an Equity Building Society. Its expectation was and still is to back clients in the low-level of pay.
From its beginning, Equity bank has developed and pulled in acknowledgment both locally and universally.
Its prosperity has opened ways for it to be welcome to global discussions to share its example of overcoming adversity.
Under the stewardship of its CEO, James Mwangi Equity Bank has had the option to enable its clients both socially and monetarily.
In the half-year money related the year 2019, Equity bank posted Ksh 12 billion 9% expansion from the earlier year.
4. Kenya Commercial Bank
Kenya business l bank is another money-related supplier and has its home office in Nairobi.
It was enlisted by the national bank of Kenya as a business bank and bragged an all-out 250 branches in Kenya alone.
KCB Bank Kenya was established in 1896 by KCB Group as a part of the National Bank of India in Mombasa.
After freedom, the legislature of Kenya obtained 60% shareholding to make it the larger part Kenyan.
In 1970 the Government of Kenya took over responsibility for bank henceforth renaming it Kenya Commercial bank gathering.
Its essential administrations incorporate giving advances, home loans, and investment funds for the two people and corporates.
5. Corporative Bank of Kenya
Another monetary organization, the Corparative Bank of Kenya, is additionally among the biggest companies in Kenya.
Authorized as a business bank of Kenya, the bank has a huge nearness in the entire nation.
In 1965 the Corporative Bank was enlisted under the Co-usable Societies Act. Also, in 2008 it got useful and was fused in the Company Act.
It runs three backups, Kingdom Securities Limited, Co-operation Trust Investment Services Limited, and Insurance Agency Limited.
In the main portion of the year 2019, the co-usable bank posted a benefit of Ksh 10.44 billion.
6. Kenya Airways Limited
Kenya Airways is the main aircraft in Kenya. It was established in 1977 and has developed from that point forward.
The carrier is claimed both openly and secretly while the Kenyan government possesses the biggest offer.
It’s home office area at the Jomo Kenyatta Airport, and it is from this air terminal that it flies to more African nations than some other aircraft.
It additionally interfaces Africa to the remainder of the world. Just as of late, it has added to its goals a non-stop trip to the United States of America.
It has been enduring monetarily and henceforth posts misfortunes, yet the administration has set up measures to restore it.
7. British American Tobacco Kenya Limited
Otherwise called BAT, British American Tobacco is additionally the biggest organization in Kenya.
It has practical experience in the assembling of cigarettes for both household and fare used.
It started its activities in Kenya in 1907 and has from that point forward experienced hearty development consequently turning into the pioneer in cigarette fabricating.
8. Standard Chartered Kenya
Standard Chartered Kenya is a monetary establishment that has been authorized by the national bank of Kenya, which is the controller of national banking.
Starnchart Kenya is an auxiliary of the British worldwide monetary organization. The organization is well known for the Stanchart Marathon that happens every year.
It is the most established budgetary organization in Kenya, having been opened in 1911.
As of now, it has 32 branches situated in various pieces of Kenya.
9. Bamburi Cement
Odds are the floor in your home or office is produced using concrete from the Bamburi Cement. Bamburi Cement makes it to the rundown of the biggest companies in Kenya.
The organization is situated in the limestone-rich seaside area, and the organization produces concrete for a fare to different nations.
Built-up in 1951, the organization began its tasks in 1954. Its base camp is in Nairobi, Kenya, and utilizes more than 800 individuals.
Bamburi Cement creates great items, that is the reason it can fare to different nations. Its essential customers in Africa are Comoros, Madagascar, Sri Lanka, Congo, and Seychelles.
10. Barclays Bank
As of late, the Barclays Bank has undergown change that saw it change its name to Absa Bank. Up to that point, Barclays Bank has offered monetary types of assistance for over 100 years.
During this period, the bank has developed to 120 branches and 234 ATMs countrywide.
Like different banks, it likewise offers versatile banking and every minute of everyday call focus to guarantee consumer loyalty consistently.
The essential administrations gave by the bank incorporate; Mastercards, individual banking, corporate, venture banking, riches, and speculation the board.
Biggest Companies in Kenya Conclusion
The rundown above is of the biggest companies in Kenya however different companies fall right now.
Companies, for example, the Nation media gathering, Britam, Total Kenya Cocacola Kengen, and ICEA Lion Group are companies that shape the economy of Kenya.
They hold a fundamental part of the nation’s financial security. Kenya appreciates harmony, making it a perfect spot for business development.
Likewise, the companies are controlled by capable regulatory structures whose basic role is to guarantee that their profitability is kept up.