Firms -Blue chip companies that are raking in billions in profits every month can be countable but Kenya alone has some.
These are entities which have grabbed the market and utilized any little chance they found hence dominating the industry.
Some of these established private businesses include:
Kenya Commercial bank which was established in 1896 is now claimed to be one of the respectable financial institutions with branches almost all over. For instance, in Kenya it has 250 branches spread in every main town.
Its total assets are currently valued at sh 400 billion with customers’ deposits estimated at sh 250 billion.
Secondly, Safaricom Limited Inc is a giant Telco which has remained steadily dominant in the market and by now it has managed to launch several products in line with its communication business. It is so far the richest Telco (Mobile operator) in the country with services that range from Electronic, fiber, money transfer (M-PESA) etc.
Safaricom’s annual turnover has been impressive for along time and has managed to employ staff that it pays well.
On this list is also Equity Bank – a financial institution which started as a mere local microfinance savings group and which later transformed into a fully-fledged bank now estimated to have assets valued at sh 300 billion.
Currently, its shareholding value is at sh 6 billion with background check showing that its initial client base had only 50,000 customers. This has however grown fast to over 14 million customers.
