Safaricom retains top position as East Africa's most valuable firm
Safaricom remains the top company in East Africa, according to a survey on Africa’s top 250 companies by South Africa’s 'African Business Magazine'. PHOTO | FILE
What you need to know:
A survey on Africa’s top 250 companies by South Africa’s African Business Magazine had 17 East African companies valued at $20.2 billion (3.4 per cent of total market capitalisation of the companies surveyed).
Kenya had 11 companies in the top 250 companies on the continent, three less than last year, and with their combined market capitalisation dropping to $16 billion from $21 billion.
Tanzania lost one entry from last year and was down to four companies, with Uganda remaining the same at two entries.
