Big companies in Kenya may not be hiring, in fact they are firing, but what many cannot see is the undercurrent of several high growth startups creating high quality jobs. Fifty companies operating in Kenya have been named in London Stock Exchange’s inaugural ‘Companies to Inspire Africa’ report.
This group of Startups that represent the future of Kenya actually account for 14 percent of the total number of companies in the report, one of the highest concentrations of high-growth companies in Africa.
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.
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The companies delivered impressive average compound annual growth rate (revenue) of 16 percent over a 3 year period 2013-2015. You may be looking for a job with the wrong companies, those companies with big names are actually firing people.
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.
The mentioned startups included in the report will be celebrated at 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.
Company Sector Location Website
Acorn Group Industry Kenya http://acorngroupafrica.com/
Azuri Technologies Limited Renewable Energy Kenya http://www.azuri-technologies.com/
BBOXX Kenya Limited Renewable Energy Kenya, Rwanda http://www.bboxx.co.uk/
BitPesa Technology & Telecoms Kenya
Bridge International Academies Consumer Services Kenya, Uganda, Nigeria http://www.bridgeinternationalacademies.com/
Brookside Dairy Limited Consumer Services Kenya, Tanzania, Uganda http://www.brookside.co.ke/
Cellulant Financial Services Kenya www.cellulant.com
Chandaria industries Consumer Services Kenya www.chandaria.com
Craft silicon Technology & Telecoms Kenya www.craftsilicon.com
Cross Boundary Energy Renewable Energy Kenya, South Africa, Mali www.crossboundaryenergy.com
d.light Renewable energy Kenya http://www.dlight.com/
Davis & Shirtliff Ltd Industry Kenya, Zambia, Uganda, Tanzania, Rwanda, Ethiopia www.davisandshirtliff.com
Eaton Towers Technology & Telecoms Uganda, Ghana, South Africa, Kenya http://eatontowers.com/
Envirofit Renewable Energy Kenya, Ghana, Nigeria www.envirofit.org
Factor(E) Ventures Technology & Telecoms Kenya www.factoreventures.org
Future Pump Kenya Limited Renewable Energy Kenya http://futurepump.com/
Globeleq Industry Cameroon, Kenya, South Africa
Globology Other Uganda, Kenya www.globology.biz
Gro Intelligence Technology & Telecoms Kenya
Java House Consumer Services Kenya www.javahouseafrica.com
Kenya Highland Seed Co. Limited Agriculture Kenya N/A
Kiboko Holdings Limited Consumer Services Kenya, Mauritius, Uganda, Burundi, Rwanda, Tanzania http://www.kibokogroup.com/
Kisima Farms Limited Agriculture Kenya N/A
Komaza (Novastar, Kenya) Agriculture Kenya http://www.komaza.com/company/
Kopo Kopo Technology & Telecoms Kenya, Sierra Leone http://kopokopo.com/about/
Landmark Africa Other Nigeria, South Africa, Ivory Coast, Tunisia, Kenya http://landmarkafrica.com/
Lendable Financial Services Kenya www.lendablemarketplace.com
Maarifa Education Holdings Consumer Services Kenya http://www.maarifaeducation.com/
Mentor Management Limited Industry Kenya http://www.mmlea.com/
Micro-Energy Credits Renewable Energy Kenya http://microenergycredits.com/
M-Kopa Renewable Energy Kenya http://www.m-kopa.com/
M-LAW SERVICES Technology & Telecoms Kenya www.mlawservices.com
Mount Kenya Gardens Limited Agriculture Kenya http://www.mtkenyagardens.co.ke/
One Degree Solar Renewable energy Kenya http://onedegreesolar.com/index.html
Penda Health (Novastar, Kenya) Healthcare & Pharma Kenya N/A
Poa Technology & Telecoms Kenya http://poa.co.ke/
Porini Ltd Consumer Services Kenya https://www.porini.com/
Redavia Renewable energy Kenya, Tanzania www.redaviasolar.com
Sanergy (Novastar, Kenya) Renewable Energy Kenya http://saner.gy/
Sendy Limited Technology & Telecoms Kenya www.sendyit.com
Shop Soko Consumer Services Kenya https://shopsoko.com/
SunCulture Renewable energy Kenya www.sunculture.com
Suntransfer Kenya Investment Limited Renewable Energy Kenya http://suntransfer.com/
Telkom Kenya Technology & Telecoms Kenya http://www.orange.co.ke/en/
UAP Holdings (now UAP Old Mutual Group) Financial Services Kenya www.uap-group.com
Umati Capital Limited Financial Services Kenya www.umaticapital.com
VAELL Kenya Financial Services Kenya http://www.vaell.com/
Village Industrial Power Renewable energy Kenya www.villageindustrialpower.com
Wananchi Technology & Telecoms Kenya http://wananchi.com/
Western Seed Co. Limited Agriculture Kenya N/A