Kenyan tech firms drop off in top ranking of Africa’s fastest growing companies

The Digital Financial Services Association of Kenya (DFSAK) Chairman Kevin Mutiso addressing participants at Fairmont Norfolk Hotel in Nairobi on March 19, 2024.

Photo credit: File | Nation Media Group

Kenyan technology companies dropped off from a top ranking of Africa’s fastest growing firms, reflecting the troubled growth of techies that are mostly startups.

According to an analysis of historical data from the Financial Times list of fastest growing companies on the continent, Kenyan techies have been knocked off the perch by local firms in other sectors, including manufacturing, hospitality and agriculture.

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Note: The results are not exact but very close to the actual.