![Turaco, Naivas & M-KOPA Among Africa’s Fastest Growing Companies [Full List]](https://cdn.prod.website-files.com/6038bfe131e18166ff8529be/608bd5c5fec5b02494df92a3_home_24px.png)
News and Analysis
May 12, 2026
The Financial Times has ranked 17 Kenyan firms among the fastest-growing companies in Africa, through a report published on Tuesday, May 18.
Kenya had the second highest number of companies after South Africa, which had 51 companies. Kenya was followed by Nigeria (16), Mauritius (12), and Tunisia (6).
General Printers and Turaco Insurance were the top performers, ranking at positions 13 and 29, respectively. 130 companies in Africa were featured.
According to the Financial Times, Turaco recorded revenue of Ksh963 million (USD 7.46 million), up from Ksh189 million (USD 1.47 million) in 2021.
Founded in 2018, Turaco is headquartered in Kenya and has expanded into Uganda, Ghana, Zambia, Nigeria and Pakistan. The company offers innovative insurance by embedding it into products and services such as phones, bank accounts, and chamas. Through this model, customers get affordable insurance - as low as Ksh50 for a hospital cover.
"Kenya has leapfrogged Nigeria into second place behind South Africa in terms of the number of companies represented, and several big businesses have joined the usual roster of fintechs and start-ups.
"Kenyan businesses improved their collective standing in a wide variety of sectors. Companies making the rankings range from Sun King, a sustainable energy provider, to General Printers, a packaging company, and Naivas, the supermarket chain,” the Financial Times’ report read in part.
Another notable company on the list was M-Kopa, which ranked 62nd on the continent with a growth rate of 192%. Based on the 2024 data used in the ranking, the company had revenue of Ksh53 billion (USD 417 million) and 1,771 employees.
Kenya Airways ranked 67th on the list with a growth rate of 168% and revenue of Ksh180 billion in 2024, up from Ksh80 billion in 2021. As of 2024, the publicly listed company had 4,705 employees.
The national carrier’s ranking was attributed to its turnaround strategy after years of losses.
The other Kenyan companies on the list were Carbacid Investments (76), Fourth Generation Capital Group Ltd (77), Kofisi Hospitality Group (80), and Greenlight Planet - Sun King (83).
KCB Group ranked 94th with an 85% growth rate, while Quickmart ranked 97th with a growth rate of 81%.
Other Kenyan companies in the ranking included Mic Global Risks (105), Impax Business Solutions (107), Kenya Power (115), Naivas (117), Co-op Bank (119), Avenue Healthcare (120), and Craft Silicon (129).
“To be included in the list of Africa’s fastest-growing companies, a company had to have revenue of at least Ksh12 million (USD 100,000) generated in 2021 and revenue of at least Ksh193 million (USD 1.5 million) generated in 2024,” the Financial Times explained.
“The company needed to be independent (not a subsidiary or branch office of any kind) and headquartered in an African country.”
On the continent, the top five fastest-growing companies were Technology Holding for Financial Investments of Egypt, Sabi Holdings of Nigeria, Regulus Investment and Financial Services of Ghana, Haul247 Technology Inc of Nigeria, and Inkomoko Entrepreneur Development Ltd of Rwanda, in that order.
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