Kenyan companies featured across multiple industries in the Financial Times–Statista Africa’s Fastest-Growing Companies 2025 ranking, placing the country among markets with the most varied sector representation on the list. Roam ranked highest among Kenyan firms at 35th, followed by TPS Eastern Africa Plc in hospitality and travel and M-Kopa Holdings Ltd in financial services.
The spread indicated Kenya’s fastest-growing companies are not concentrated in a single industry. While financial services remains an important contributor, Kenyan entrants also came from manufacturing, retail, agriculture, technology, real estate and healthcare, showing growth across several revenue streams rather than dependence on one segment.
The ranking measures compound annual revenue growth between 2020 and 2023. Kenya placed more than a dozen companies, with growth rates ranging from 10.6% to 86.4%. Roam recorded the highest CAGR among Kenyan firms at 86.4%, followed by TPS Eastern Africa at 68.1%. M-Kopa grew at 42.1%, while Quick Mart and Impax Business Solutions posted growth above 30%. KCB Group Plc reported the largest 2023 revenue figure among Kenyan entrants at about $1.14 billion.
Financial services featured prominently, with M-Kopa, Turaco Inc, KCB Group and The Co-operative Bank of Kenya appearing under fintech, financial services and insurance. Outside banking, manufacturing was represented by Roam, retail by Quick Mart, technology by Impax Business Solutions and Pan African IX Data Centres, agriculture by Victory Farms and East African Business Company, real estate by Kofisi Hospitality Group, and healthcare by The Avenue Group.
Across the continent, the top 10 companies in the ranking were dominated by firms from Nigeria and Southern Africa. Omniretail Inc, a Nigerian IT and software company, ranked first overall with a CAGR of 795.9%, followed by PalmPay Ltd at 583.6% in fintech, financial services and insurance.
Nigeria accounted for four of the top 10 companies. Alongside Omniretail and PalmPay, Remedial Health Inc ranked third with a 339.1% growth rate in pharmaceuticals and cosmetics, while Termii Inc placed tenth in media and telecommunications with a CAGR of 207.8%. These companies reported 2023 revenues ranging from about $3.4 million to $120.2 million, indicating that smaller firms recorded the fastest expansion rates.
Financial services also appeared among the leaders outside Nigeria. Eshandi Financial Services Ltd of Zambia ranked fourth with a 276.4% growth rate, while Paymenow Group of South Africa and Inkomoko Entrepreneur Development Ltd of Rwanda also made the top 10, covering lending, payments and SME-focused platforms.
South Africa contributed three companies to the top tier, spanning fintech and automotive. Paymenow posted a CAGR of 237.8%, while automotive firms Gobid Pty Ltd and Drive24 Pty Ltd recorded growth of 230.8% and 211% respectively. The list also included The Africaworks Group of Companies from Mauritius, ranked fifth, operating in real estate with a 238.3% growth rate.
Jefferson Wachira is a writer at Africa Digest News, specializing in banking and finance trends, and their impact on African economies.