NAIROBI, Kenya, Jul 31 – Safaricom market capitalization has hit the sh1 trillion mark.
Teleco closed the week at an all time high of sh25 days before the General Election.
Safaricom, is now worth more than half of the capital at the Nairobi Securities Exchange.
The historical milestone is a first for a company listed on the NSE.
the firm posted a Sh45.1 billion net profit in the year ended March 31, 2017, representing an 18.3 per cent increase from the previous year.
MPESA was the largest revenue contributor in the period under review growing by 32.7 per cent to Sh55.1 billion driven by 14.6 per cent increase in 30-day active customers to 19 million as well as a 35 per cent growth in monthly usage per customer to 10 transactions per month.