50 Kenyan firms listed in Inspiring African Companies by London Stock Exchange

London, UK, Apr 2 – Fifty companies operating in Kenya have been named in London Stock Exchange’s inaugural ‘Companies to Inspire Africa’ report. 

Collectively, Kenyan companies make up 14 percent of the total number of companies in the report, one of the highest concentrations of high-growth companies in Africa.

Kenyan companies included in the list include Cellulant, D.light, Craft Silicon, Shop Soko and Bit Pesa.

Almost half of the Kenyan companies operate in innovative industries, with 14 companies in the renewable energy space and 11 in technology and telecoms

The report identifies 343 companies from 42 African countries as the continent’s most exciting and dynamic small businesses.

The companies delivered impressive average compound annual growth rate (revenue) of 16 percent over a 3 year period 2013-2015.

West Africa companies top the list with 31 percent of companies in the list, closely followed by East Africa with 26 percent and Southern Africa with 22 percent.

South Africa, Kenya and Nigeria are the countries with the most companies in the publication, each represented by over 50 companies.

“For the first time ever, we have identified hundreds of Africa’s most inspirational and dynamic private companies. The report demonstrates the huge role that small and medium-sized enterprises are playing as the driving force behind African economies: developing skills, creating high-quality jobs and delivering growth,” said Xavier Rolet, Chief Executive, London Stock Exchange.

Companies included in the report will be celebratedat an event in Nairobi on 12 May.

The report was produced in partnership with African Development Bank Group, CDC Group and PwC who contributed their expertise to the report, and is sponsored by Citi, Diamond Bank and FTI Consulting.