As we move into 2026, the Nairobi Securities Exchange (NSE) has experienced a remarkable rise in its total market capitalization, with several key companies leading the way. The NSE reached multiyear highs in 2025, driven by strong corporate results and the implementation of new market strategies. The market capitalization briefly surpassed KSh 3 trillion in late 2025, compared to KSh 2.54 trillion in mid-2025 and below KSh 2 trillion in early 2025.
At the heart of this growth is Safaricom, which accounts for about one-third of the NSE’s total value, with a market capitalization of KSh 1.1 trillion by December 24, 2025. The performance of other major companies, such as Equity Group, East African Breweries, and KCB Group, has contributed to the market’s overall impressive growth, reflecting the optimism around Kenya’s corporate sector.
Here’s a look at the Top 10 Most Valuable Listed Companies in Kenya based on their market capitalization at the close of business on December 24, 2025:
- Safaricom PLC (SCOM) – KSh 1.11 trillion | Price: KSh 27.95
Safaricom, Kenya’s telecommunications giant, maintains its dominance in the market with a market cap surpassing the KSh 1 trillion mark. - Equity Group Holdings Limited (EQTY) – KSh 248.12 billion | Price: KSh 65.75
Equity Group has continued to post strong financial results, expanding its footprint across East Africa. - East African Breweries PLC (EABL) – KSh 211.16 billion | Price: KSh 270.00
As a major player in the beverage sector, EABL has shown solid growth despite market volatility. - KCB Group PLC (KCB) – KSh 200.84 billion | Price: KSh 63.75
KCB Group continues to be one of Kenya’s most trusted financial institutions, with a diverse portfolio of services. - Co-operative Bank of Kenya Limited (COOP) – KSh 139.05 billion | Price: KSh 23.80
Co-op Bank remains a key player in Kenya’s banking sector, expanding its customer base with digital innovations. - NCBA Group PLC (NCBA) – KSh 136.74 billion | Price: KSh 83.00
NCBA has seen growth following strategic mergers and a solid performance in the financial sector. - Absa Bank Kenya PLC (ABSA) – KSh 124.93 billion | Price: KSh 23.70
Absa Bank has demonstrated a strong market position with its robust customer service and innovative banking solutions. - Standard Chartered Bank Kenya Limited (SCBK) – KSh 113.36 billion | Price: KSh 300.00
SCBK remains a top financial player in Kenya, offering a range of services from retail to corporate banking. - Stanbic Holdings PLC (SBIC) – KSh 77.98 billion | Price: KSh 197.75
Stanbic continues to enjoy a solid reputation with a growing presence in Kenya’s corporate and retail banking sector. - I&M Group PLC (I&M) – KSh 70.11 billion | Price: KSh 42.50
I&M Group completes the list, with impressive earnings and a growing presence in East Africa.
Key Takeaways:
- The NSE market capitalization surpassed KSh 3 trillion in late 2025, driven by stellar performances from major companies.
- Safaricom, Equity Group, and EABL remain the top three most valuable companies, with Safaricom continuing to lead the charge with a market capitalization of over KSh 1 trillion.
- Other companies, like KCB, Co-operative Bank, and Stanbic, have also posted significant gains.
Best Performing Stocks in 2025
The stock market also saw massive gains across various sectors, with Sameer Africa, Uchumi Supermarkets, and Home Afrika leading the pack. Some stocks saw over 100% growth, driven by improved financial results and corporate restructuring.
In particular, Sameer Africa led the way with an incredible 453% increase in share price, followed by Uchumi Supermarkets (+353%), and Home Afrika (+250%).
This remarkable performance has attracted increased investor interest, helping to drive the NSE to new heights. The overall growth of the NSE market value by KSh 1 trillion and the near KSh 3 trillion market capitalization heading into 2026 showcases the resilience and profitability of Kenya’s corporate landscape.
Conclusion:
The growth of the Nairobi Securities Exchange in 2025 has been remarkable, with a clear uptrend in both investor wealth and corporate valuations. As we head into 2026, investors will be keenly watching these companies, with Safaricom continuing to lead the market in terms of value and influence.
