Kenyan companies are making waves on the continental stage, with several being named among Africa’s fastest-growing enterprises in the 2025 Financial Times-Statista ranking. The prestigious list, compiled by the Financial Times in collaboration with German data firm Statista, ranks businesses across Africa based on their compound annual growth rate (CAGR) and revenue expansion between 2020 and 2023.
Leading Kenya’s representation is Roam, an electric vehicle (EV) start-up based in Nairobi, which came in at position 35. The company, known for assembling electric buses and motorbikes, recorded a remarkable CAGR of 86.4% and a 547.8% increase in revenue, reflecting the growing demand for sustainable mobility solutions in the region.
Also featured prominently is TPS Eastern Africa PLC, the Nairobi Securities Exchange-listed firm behind the Serena Hotels chain, which ranked 41st with a 68.1% CAGR and a 35.1% revenue increase. Fintech firm M-Kopa, renowned for its asset-financing solutions, followed at position 68, boasting a 42.1% CAGR and 186.9% growth in revenue.
Retail chain Quickmart secured 79th place, driven by a 33.9% CAGR and 139.9% revenue growth, highlighting the expansion of Kenya’s retail sector amid increasing consumer demand.
Other Kenyan entries include Impax Business Solutions (82), aquaculture firm Victory Farms (91), East African Business Company (100), and Pan African IX Data Centres (101). Co-working space provider Kofisi ranked 110th, while major lenders KCB Group and Co-operative Bank were listed at positions 112 and 127, respectively.
To qualify for the ranking, companies needed a minimum revenue of $100,000 (Ksh.12.9 million) in 2020 and $1.5 million (Ksh.194 million) in 2023. Despite the extensive research, the FT noted that the list is not exhaustive, as some firms declined to disclose financial data.
This year’s list was largely dominated by South African and Nigerian companies, with fintechs accounting for nearly 20% of all entries, reflecting the sector’s dominance in Africa’s innovation and growth story.
