Inkomoko, Africa’s leading investor in displacement-affected markets, has grown rapidly. The significant growth results directly from supporting over 120,000 refugees and entrepreneurs across East and Central Africa, leading to revenue increases for its clients and recognition as one of Africa’s fastest-growing companies.
Founded in 2012, Inkomoko has grown from a local initiative into a regional force for economic development.
To date, the organisation has directly invested more than $37.5 million affordable capital, positively impacting more than 1.2 million people across Rwanda, Kenya, Ethiopia, South Sudan, and, most recently, Chad.
Today, Inkomoko achieved a major milestone by ranking 5th among the fastest-growing companies in Africa by The Financial Times.
Julienne Oyler, CEO, said: “Inkomoko’s success and rapid expansion is driven by a model that unlocks market opportunities rather than relying on aid. However, this isn’t just our growth story — it’s our clients’ and the communities we serve.”
In the past three years alone, Inkomoko has served 80,000 new entrepreneurs. However, the need continues to grow across Africa with an increase of 29.2 million displaced-affected persons in this same time period.
Oyler continues; “This recognition from The Financial Times is an honour. The real measure of our success will be how many others join us in this work. Every client we supported last year reminded us that the solutions to our communities’ most pressing problems already exist—they simply need the resources to meet growing demand.”
This is the second time the company has made the prestigious list, rising from 8th place last year. The list, now in its fifth year, evaluates companies based on their compound annual growth rate (CAGR) from 2021 to 2024.
Inkomoko’s growth over this period reflects its entrepreneurial spirit, its deep-rooted commitment to community empowerment, and the effectiveness of its strategy.
For the same period, Inkomoko has bolstered staff numbers by more than 50% to cater to rapid expansion, from 399 in 2023 to more than 840 in 2026.
Operating at the intersection of business support and social impact, Inkomoko delivers services in refugee camps and host communities, providing critical tools and resources to help micro and small enterprises thrive. These efforts are part of a broader mission to break down barriers to economic inclusion.
“Our growth has reinforced what we continue to see across the markets we serve: when refugee and host community entrepreneurs are given access to appropriate capital and business support, they build resilient, growing businesses that create jobs and strengthen local economies. These communities are often overlooked by traditional finance, but represent a compelling long-term investment opportunity with both economic and social returns.” Fatma Nasujo, Vice President of Investments.
In 2025, Inkomoko expanded into Chad, adding a fifth country to its operations.
Looking ahead, the company has pledged to invest $150 million by 2030 to support over 550,000 refugee and host community entrepreneurs across Africa.
This initiative is part of their 2030 strategic plan to expand operations into four additional countries, strengthening economic growth and further deepening its impact across the continent.
Inkomoko is a social impact organization supporting entrepreneurs with refugee status and host communities in displacement-affected markets across East and Central Africa.
Since 2012, the organization has worked to break down the barriers that Forcibly Displaced Persons (FDPs) and underserved entrepreneurs face in accessing capital, training, and market opportunities, enabling them to create thriving businesses that contribute to local economies.
Inkomoko has operations in Rwanda, Kenya, Ethiopia, South Sudan, and Chad, and a growing team of more than 800 staff.
