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Safaricom ranked the tenth most valuable firm in Africa, see how other Kenyan companies ranked

By Njange Maina
Tuesday, May 19th, 2020
From left: Safaricom PLC chairman Nicholas Ng’ang’a, chief executive Peter Ndegwa and chief financial officer Sateesh Kamath chat after the announcement of Safaricom’s 2020/21 financial year results at the Michael Joseph Centre in Nairobi. Photo/PD/ALICE MBURU
In summary
    • South Africa based companies dominated the top ten with eight companies. Morocco-based telecom and Kenya's Safaricom were the only non-South African among the top ten.

Kenya's leading telecom, Safaricom Plc has ranked tenth in the top 250 companies in Africa 2020, according to African Business Magazine.

South Africa based firms dominated the top ten with eight companies. Morocco-based telecom and Kenya's Safaricom were the only non-South African among the top ten.

With a market capitalisation of US$9.96b (Sh1.06 trillion), Safaricom jumped from number 14 in last year's ranking.

Other Kenya Based Companies

Other Kenyan companies that featured in the ranking were Equity Group, East African Breweries, KCB group, Cooperative bank, Standard Chartered, British American Tobacco, Ken Gen, Diamond Trust Bank and NCBA(formerly NIC).

Equity Group ranked number 82. It jumped four positions from last year(86) with a market share value of US$1.16 billion(Sh147.74 billion).

East African Breweries fell from 84 to position 90, still maintaining its rank within the top 100 with a market capitalisation of USD$ 1.08 billion(Sh 134.83 billion).

KCB Group, the owning company of Kenya Commercial Bank(KCB) hopped from position 98 to 92 with a market capitalisation of US$ 999 million(Sh 134.80 billion).

Cooperative bank ranked as Kenya's fifth and Africa's 110th with a market value of US$690 million(Sh 77.153 billion).

Standard Chartered Kenya jumped 30 positions from 150 last year to 120 with its total market value of US$592 million(Sh61.316 billion).

I&M holdings ranked as Kenya's seventh most valuable company with a market capitalisation of US$ 412 million(Sh 42.374 billion). The company jumped from 200 last year to 158.

British American Tobacco ranked as Kenya's eighth most valuable company and Africa's 178. With a market capitalisation of US$340 million(Sh35.02 billion), the company maintained its last year's position.

Electricity generating company KenGen was Kenya's ninth most valuable and public listed company with a total value of US$305 million(Sh32.313 billion). KenGen rose from 231 last year to 190 in the list of Africa's most valuable companies.

Diamond Trust Bank and NCBA featured as 225 and 228 consecutively in the list.

The ranker relied on the latest financial statements posted by the companies and other rankings by financial reasearcher Bloomberg.

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