Home GENERAL NEWS Top 12 Most Profitable companies in Kenya

Top 12 Most Profitable companies in Kenya

by Victor Matara

This list was made up after calculations and analysis of the annual and quarterly earnings of the companies. The fact remains that competition in Kenya is very stiff but you know that can’t stop businesses from running. Surprisingly, Kenya’s largest Teleco giant; Safaricom is not on this list.

1.  Equity Bank

This is a financial service provider based in Nairobi which offers personal banking, corporate & internet banking services including savings accounts, deposits, debit & credit cards and personal loans. Speaking during the investor briefing and release of its quarter one 2017 results, the Group Chief Executive Officer Dr James Mwangi said that the bank recorded a profit of  Kshs 6.9Bn before taxation in the first quarter of 2017.

2. KCB Bank

This is another financial services provider headquartered in Nairobi, Kenya.  The bank recorded a profit of Sh4.5 billion in the first quarter of 2017.  Its profit decline was attributed to the tough economic environment and the hyperinflation in South Sudan.

3.  SportPesa

This is the largest sports betting platform in Africa.  Its profits were estimated to be 4 billion in the first quarter of 2017.

4. Cooperative Bank

The financial provider experienced a profit decline from 3.4 Billion to 3.2 billion in the first quarter of 2017. The capping of interest rates and currency devaluation were the major reasons for the decline.

5. EABL

The East African Breweries Limited which is controlled by Britain’s Diageo said in a statement that net sales in Kenya were flat which contributed to its profits decline to high taxation.

Others in the list are ;

  • BAT
  • Comcraft Group
  • BIDCO
  • Devki Steel Mills
  •  Commercial Bank of Africa
  • Centum

 

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