Equity Bank, founded in 1984 as a building society, is currently the largest bank in Africa by customer numbers with 8.4m clients. The bank is 24.5% owned by Helios Investment Partners Holdings, and it has a strong regional presence, operating in Kenya, Uganda, Rwanda and Tanzania. Equity Bank...
Real estate development in Kenya has historically been financed by a mixture of bank financing and the developer’s own equity. Such lending is usually limited to about 60% of the total project cost, with the developer having to raise the other 40%. The situation is further exacerbated by the developer’s inability to draw down the project’s debt before its own equity has...
Kenya Airways (KQ) is the largest airline in East Africa by seat capacity, and the fourth largest in Africa behind market leaders South African Airways, Ethiopian Airlines and EgyptAir. It is currently managed through a public-private partnership with the government of Kenya holding 29.8%,...
Kenya Power is a monopoly player in Kenya’s energy sector. Its core business activities include the transmission, distribution and retail of electricity purchased in bulk from Kenya Electricity Generating Company (KenGen, 70%) and independent power producers (IPPs, 30%). The company is...
Safaricom is the leading mobile network operator in Kenya with 68% market share of total mobile subscribers in the country. It controls 79% of voice traffic and 96% of mobile text messages. The company is the largest listed entity on the Nairobi Securities Exchange by market capitalisation,...
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