Safaricom record rally lifts NSE to an 11-month high

safaricom plc


Business Daily | by Patrick Alushula


The Safaricom share yesterday touched a new all-time of Sh35.10, pushing the combined wealth of investors at the Nairobi bourse to levels last seen 11 months ago and brightening prospects of recovery from Covid-19-induced price plunges.

The jump in the Safaricom share from Tuesday’s Sh34.90 continues a rally that set in from the beginning of the year, after the Central Bank of Kenya (CBK) ended a waiver on fees for transferring up to Sh1,000 on the M-Pesa platform…

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