Eleven Kenyan companies have been named in the Financial Times’ annual list of the fastest growing companies in Africa, led by Cooperative Bank, M-Kopa, Quickmart Supermarket and KCB Group.
The annual ranking, compiled by the Financial Times in partnership with research firm Statista, ranked companies based on compound annual revenue growth between 2020 and 2023.
Co-operative Bank reported a 12.3 per cent growth in net profit to Sh21.6 billion for the nine-month period ended 30th September 2025. The bank went on to announce a surprise first-ever interim dividend of Sh1.00 per share.
The lender’s net interest income jumped 22.8 per cent to Sh45.3 billion, forming the bulk of the Sh67.4 billion total operating income.
The interim dividend declaration capped another strong year for Cooperative Bank, extending a decade-long growth run that has seen profits jump by 150 per cent since 2015, when the bank earned just Sh8.62 billion.
Other Kenyan companies ranked on the list include KCB Group, M-Kopa, Victory Farms, KOfisi, Serena Hotels, Quickmart Supermarkets, PAIX Data Centres, Roam Electric, Impax Business Solutions Ltd and East African Business Company Ltd.
This ranking edition featured 130 companies from across Africa, with South Africa and Nigeria dominating the list and accounting for more than half of the ranked firms.
Kenya’s presence stands out among smaller African economies and ranks alongside Mauritius and Morocco as one of the strongest contributors outside Africa’s two largest economies.
Fintech and technology-driven businesses remain central to the list across the continent, accounting for nearly 40 per cent of all ranked firms.
“These businesses[technology-driven businesses] scale faster because they require less capital than asset-heavy sectors such as manufacturing,” the report reads.
