Twelve Kenyan firms have been ranked among Africa’s fastest-growing companies in 2025, according to the latest report by the Financial Times and data analytics firm Statista. The third annual ranking evaluates 130 companies across the continent based on their compound annual growth rate (CAGR) and absolute revenue growth from 2020 to 2023.
To qualify, companies needed a minimum revenue of $100,000 in 2020 and at least $1.5 million by 2023. The ranking sheds light on Kenya’s diverse and rapidly expanding business landscape, with companies operating in sectors such as electric mobility, fintech, hospitality, agriculture, and retail.
- Roam Electric AB
Rank: 35
Roam leads Kenyan entries with an 86.4% CAGR and 547.8% revenue growth between 2020 and 2023. The company designs and manufactures electric motorcycles and buses for African cities, aiming to reduce emissions and transport costs. Based in Nairobi, Roam focuses on local assembly and job creation, and is expanding operations across the continent.
- TPS Eastern Africa (Serena Hotels)
Rank: 41
A key player in the hospitality sector, TPS Eastern Africa owns and operates Serena Hotels. The company posted 375% revenue growth over the review period, driven by post-pandemic recovery in domestic and international tourism across East Africa.
- M-KOPA Holdings Ltd
Rank: 68
M-KOPA is a fintech company offering pay-as-you-go asset financing for smartphones, solar kits, and other devices. It achieved a 42% CAGR and 187% revenue growth between 2020 and 2023. The firm serves low-income households and has expanded to Nigeria, Ghana, Uganda, and South Africa. It is projected to exceed $500 million in annual revenue by 2025.
- Quickmart
Rank: 79
Quickmart is a retail chain operating across Kenya. The only major retail brand on the list, it signals the sector’s shift toward modern supermarkets. Despite slipping from rank 34 in 2024, Quickmart continues to grow its national footprint, even though at a slower pace.
- Impax Business Solutions Ltd
Rank: 82
Impax provides enterprise software and digital transformation solutions to businesses across East Africa. Its growth highlights rising demand for business automation, ERP systems, and cloud-based platforms among SMEs and corporates.
- Victory Farms Ltd
Rank: 91
Located in Homa Bay, Victory Farms is one of Kenya’s largest aquaculture firms. It focuses on sustainable fish farming to address food security and improve rural livelihoods. The company operates a vertically integrated model from hatchery to distribution.
- East African Business Company Ltd (EABCL)
Rank: 100
EABCL is a major distributor of agricultural inputs including seeds, fertilizers, and crop protection products. The company supports Kenyan farmers by providing reliable access to farm essentials.
- Pan African IX Data Centres Ltd (PAIX)
Rank: 101
PAIX develops and operates carrier-neutral data centers in Africa. In Kenya, the company supports digital infrastructure growth by providing secure and scalable colocation services for internet service providers, cloud companies, and enterprises.
- Kofisi Hospitality Group Ltd
Rank: 110
Kofisi operates premium co-working and flexible office spaces across major African cities. Its growth is tied to rising demand for hybrid workspaces among startups, SMEs, and multinational corporations operating in Kenya.
- KCB Group
Rank: 112
KCB is one of Kenya’s largest banks by asset base. The group has made its first appearance in the ranking, driven by revenue growth across its lending, digital banking, and regional subsidiaries. It operates in seven East African countries.
- Co-operative Bank of Kenya
Rank: 127
Co-op Bank also debuts on the list, recording a 14% revenue increase between 2020 and 2023. The bank serves individuals, businesses, and SACCOs, with a strong focus on cooperative-based banking and digital services.
Jefferson Wachira is a writer at Africa Digest News, specializing in banking and finance trends, and their impact on African economies.