As of December 24, 2025, the Nairobi Securities Exchange (NSE) experienced a record year, surpassing market cap highs and establishing itself as one of the strongest financial markets in Sub-Saharan Africa. In 2025, the NSE’s total market capitalization climbed significantly, breaching the KSh 3 trillion mark at its peak, thanks to solid corporate earnings, improved market policies, and investor confidence.
Leading the charge in market cap growth, Safaricom stood out with a remarkable performance, contributing to around one-third of the NSE’s total value. The company’s market capitalization reached an impressive KSh 1.1 trillion, showing its dominance in the Kenyan market.
Here’s a look at the Top 10 Most Valuable Listed Companies in Kenya by market capitalization as of December 24, 2025:
Top 10 Most Valuable Companies in Kenya (2025)
- Safaricom PLC (SCOM)
- Market Cap: KSh 1.11 trillion
- Price: KSh 27.95
- Equity Group Holdings Limited (EQTY)
- Market Cap: KSh 248.12 billion
- Price: KSh 65.75
- East African Breweries Plc (EABL)
- Market Cap: KSh 211.16 billion
- Price: KSh 270.00
- KCB Group PLC (KCB)
- Market Cap: KSh 200.84 billion
- Price: KSh 63.75
- Co-operative Bank of Kenya Limited (COOP)
- Market Cap: KSh 139.05 billion
- Price: KSh 23.80
- NCBA Group PLC (NCBA)
- Market Cap: KSh 136.74 billion
- Price: KSh 83.00
- Absa Bank Kenya Plc (ABSA)
- Market Cap: KSh 124.93 billion
- Price: KSh 23.70
- Standard Chartered Bank Kenya Limited (SCBK)
- Market Cap: KSh 113.36 billion
- Price: KSh 300.00
- Stanbic Holdings Plc (SBIC)
- Market Cap: KSh 77.98 billion
- Price: KSh 197.75
- I&M Group Plc (I&M)
- Market Cap: KSh 70.11 billion
- Price: KSh 42.50
Market Performance Highlights
- The NSE had a strong performance in 2025, largely driven by Safaricom’s dominance, as it continued to contribute significantly to the overall market capitalization.
- Equity Group and EABL also made notable strides, with substantial market caps and strong stock performances.
- Kenya Power was among the top performers, posting a substantial profit increase, which also led to a strong rally in its stock price.
The overall market capitalization of the NSE ended 2025 at KSh 2.903 trillion, a significant jump from the previous year. This remarkable growth was bolstered by positive corporate earnings reports and strategic policies set by the NSE aimed at increasing market participation, with a target of reaching 9 million retail investors by 2029.
Top Performers
Among the best-performing stocks, Sameer Africa led with a 453% increase in share price, followed by Uchumi Supermarkets (+353%), and Home Afrika (+250%). Other strong performers included NSE Plc, Kenya Power, and KenGen, all benefiting from renewed investor confidence and impressive company recoveries.
As the market heads into 2026, the performance of these top companies and others is expected to continue driving growth in the NSE, offering a solid investment environment for both local and international investors.
Conclusion
Kenya’s stock market saw exceptional growth in 2025, with Safaricom leading the way as the most valuable company. Other notable companies like Equity Group, EABL, and KCB also displayed robust performance, while smaller companies like Sameer Africa recorded impressive gains. With a favorable outlook for 2026, the NSE continues to be a key player in Africa’s financial landscape.
