TOP 50 MOST PROFITABLE COMPANIES IN KENYA

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 of Sh4.5 billion  in the first quarter of 2017.  Its profit decline was attributed to 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 ;

6. BAT 

British American Tobacco plc is a British multinational tobacco company headquartered in London, United Kingdom. It is the largest publicly traded tobacco company in the world. Wikipedia
 
 
Stock price: BATS (LON) 3,839.55 GBX +39.55 (+1.04%)
25 May, 17:07 GMT+1 - Disclaimer
Headquarters: London, United Kingdom
CEO: Nicandro Durante (1 Mar 2011–)
Revenue: 20.29 billion GBP (2017)
Subsidiaries: Bentoel Group, Reynolds American, Souza Cruz

7. Comcraft Group

 

8. BIDCO

Bidco Africa, previously Bidco Oil Refineries Limited, is a multinational consumer goods company headquartered in Thika, Kenya with subsidiaries and distributorships across 16 countries in East Africa, Central Africa, and Southern Africa. Wikipedia
 
 
Founder: Bhimji Depar Shah
Founded: 1970
Number of employees: 1,800 (2017)
Headquarters: Thika
Area served: Africa
Key person: Vimal Shah
Type of business: Privately held company

9. Devki Steel Mills (Devki Group of companies)

Devki Group of Companies has developed under the visionary leadership of Mr Narendra Raval, EBS, (Guru) over more than 3 decades. Beginning as a small trader of steel in the Gikomba area of Nairobi, Kenya, Devki Group has diversified into manufacturing of Steel, Roofing Sheets, Cement and providing aviation services, all of which operate through independent companies viz Devki Steel Mills Limited, MaishaMabati Mills Limited, National Cement Company Limited and Northwood Agencies Limited, which command their own brand image (Devki, Maisha, Simba) and market share in their respective segment of industry and market. Devki Group is poised to generate and supply electricity from both coal based and geothermal based sources through independent companies viz Devki Energy Company Limited and SosianMenengai Geothermal Power Limited

10. Commercial Bank of Africa

Commercial Bank of Africa is a financial services provider headquartered in Nairobi, Kenya, the largest economy in the East African Community. CBA is licensed by the Central Bank of Kenya, the central bank and national banking regulator. Wikipedia
 
 Headquarters: Upper Hill, Nairobi, Kenya
Number of employees: 1,104 (2015)
Total assets: 2.166 billion USD (KES:215.6 billion, 2015)
Founded: 1962
Key people: Desterio Oyatsi (Chairman), Isaac Awuondo (Managing Director)
Parent organization: Commercial Bank of Africa Group
Subsidiaries: Commercial Bank of Africa (Tanzania),

11. Centum Investments

Centum Investments, commonly known as Centum is a public East African investment company. It operates as an affiliate of the Kenyan government-owned

Centum is East Africa's leading investment company listed on the Nairobi Securities Exchange and Uganda Securities Exchange.

 

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