Safaricom PLC’s Deal Of The Decade Soars It’s Share Price On Ethiopian License As It’s CEO Becomes The Most Watched CEO On The Continent
By Steve Biko Wafula / Published May 26, 2021 | 5:50 pm KEY POINTS
Safaricom PLC shareholder s paper wealth rose by KES 90.1 billion on Tuesday.
Safaricom closed at a record average of Sh41.75 from Friday’s Sh39.50, giving it a market value of Sh1.67 trillion
The rally has taken Safaricom PLC’s share price gain to 45.5 percent over the past 12 months
Nairobi (SokoNews): Safaricom PLC shareholder’s paper wealth rose by KES 90.1 billion on Tuesday as investors rushed to buy the company’s shares after it was awarded a license to enter Ethiopia’s underserved telecoms market. Bringing the NSE alive, something that has been alien to the markets.