Kenya is a wealthy country with Lots top business,however there are some few identified companies which make huge profits on daily basis.. including
Safaricom is the leading mobile network provider in Kenya. Safaricom’s consistent innovation in the communication sector has greatly contributed to its success and growth over the past decade.
The giant telco has over 39 million users across the country who have endorsed its services such as M-Pesa and M-shwari which continue to grow the company’s overall bottom line.
This has made Safaricom the most profitable company in Kenya with a net worth of over Sh1.1 trillion. The company made a cool Sh65 billion in the 2018/19 financial period.
This is one of the leading commercial banks in Kenya in terms of value, service delivery, and profit-making.
The bank started as a SACCO in Muranga . The lender now has 173 branches across the country, and 38 of them operate within Nairobi.It does not only provide financial services to Kenyans but also to the whole of East Africa Community including Uganda, Rwanda, Tanzania, and South Sudan.
Currently, the company’s net-worth is Sh158 billion. Its significant success has been recognized globally to the extent of being invited to international forums.
Kenya Commercial Bank is one of the oldest companies in Kenya, with over 250 branches serving over 16 million customers.KCB extended its operations Tanzania, Uganda, Burundi, Rwanda, and South Sudan.
In 2018, the Bank took over the running of the insolvent Chase Bank which later turned to SBM Bank and became the appointed receiver manager of crippled Mumias Sugar Company. It also took over National Bank.
KCB’s total assets stand at Sh746.51 billion ($7.46 billion) as per the lender’s financial statements
4. Bidco Africa.
Bidco Africa, previously Bidco Oil Refineries Limited (BORL), is a multinational consumer goods company headquartered in Thika, Kenya subsidiaries and distributorships across 17 countries in East Africa, Central Africa, and Southern Africa.
Its products include edible oils, fats, margarine, laundry bars and detergents, personal care products, animal feeds and most recently, Food and Beverages.
Bidco Africa owns over 40 brands and is the largest producer and marketer of consumer goods in the region and over 25,000 employees.
5. Kenya Pipeline Company.
It is a state firm that transports, stores, loads and dispenses petroleum products.KPC uses its value chain to gain competitive advantage in a tight business environment.
The firm’s competitive basis is based on the fact that the company has heavy investment in infrastructure and that the company enjoys government support as the investment arm of government.
As Treasury went through a rough patch, the government turned to parastatals to help ease the burden by releasing extra cash from their coffers — as a special dividend.
Kenya Pipeline Company (KPC) became the first parastatal to hand over its cash by paying Sh5 billion to Treasury.
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More