Safaricom Limited's headquarters, Nairobi. The company’s stock has risen 10 per cent in the first two weeks of the year to Tuesday’s average closing price of Ksh29 ($0.28), adding to the 40 per cent it gained in 2017. PHOTO FILE | NMG
Safaricom shares have rallied to an all-time high, nearly touching the Ksh30 ($0.29) mark in Tuesday's trading, which values the telecommunications company at a whopping Ksh1.2 trillion ($11.7 billion).
The company’s stock has risen 10 per cent in the first two weeks of the year to Tuesday’s average closing price of Ksh29 ($0.28), adding to the 40 per cent it gained in 2017.