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Safaricom share hits all-time high on Ethiopia bid

Safaricom share hits all-time high on Ethiopia bid Thursday April 29 2021 Safaricom Plc CEO Peter Ndegwa during the telco s 20-year celebration at the Nairobi Serena Hotel on October 27, 2020. PHOTO | NMG By VICTOR JUMA Summary A total of 11 million shares worth Sh441.7 million changed hands at a price of between Sh39 and an all-time high of Sh40.2. Foreign investors were net buyers of the telco’s shares, according to a report by stockbroker AIB-AXYS Africa. Besides news of the possible Ethiopia entry, some investors are also buying Safaricom’s shares in anticipation of the release of its full-year results, which will feature the declaration of a dividend.

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