One Africa Media is Kenya’s Biggest Internet Company

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According to World Startup Report (WSR), a community-powered guide for starting a company anywhere in the world, One Africa Media is the biggest internet company in Kenya. One Africa Media was founded by the late Carey Eaton and Justin Clarke. It has received funding from Australian recruitment portal Seek and Tiger Global, a New York-based investment manager.

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This was revealed in their latest “Internet Hall of Fame” report which highlights the 3 biggest Internet companies in 50 countries based on valuation.

Valuation data comes from:

  • Stock market data (highest point in the history of the company was selected)
  • Acquisition value
  • Valuation at the latest round of investment
  • Or as a last resort a guesstimate based on revenues and industry

3 Biggest Internet Companies in Kenya

Company Industry Value Start Date Company Type

1 One Africa Media Search $ 80,000,000

Ksh. 6,880,000,000

2012 Private
2 Mobile Planet SaaS

(Software as a service)

$ 15,000,000

Ksh. 1,290,000,000

2001 Private
3 KopoKopo Payments $ 10,000,000

Ksh. 860,000,000

2010 Private

 

SOURCE: Internet Hall of Fame 2014 by World Startup Report

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