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Safaricom rallies to $0.24 on dividend deadline

Safaricom CEO Bob Collymore. The telecoms operator becomes first listed company in Kenya to touch the Ksh1 trillion mark in market valuation during trading. PHOTO | FILE | NATION

Kenya's telco giant Safaricom shareholders have enjoyed a Ksh214 billion ($2bn) gain in their wealth this year after the telco’s share hit a new all-time high of Ksh25($0.24) on Friday.

The share price rally on the Nairobi Securities Exchange (NSE) saw the telecoms operator become the first listed company in Kenya to touch the Ksh1 trillion ($9.6bn) mark in market valuation during trading.

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