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Article: Kenya tops, despite earlier turbulence.(Eastern Africa)(Survey)
- Article from:
- African Business
- Article date:
- April 1, 2009
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As last year, Kenya dominates our regional survey of the Top 50 companies in East Africa with 28 of the listed companies. The country is far from overcoming the political problems caused by last January's well-documented conflict, while the economic stagnation of the 1990s continues to leave its imprint on the largest Kenyan companies; yet, in the absence of strong competition from private firms in resurgent Tanzania and Uganda, Kenya retains its historic domination of the East African business scene.
Safaricom is the biggest company in Eastern Africa this year, with market capitalisation of $1.5bn. Following its initial public offering (IPO) in April 2008, the ...