Safaricom share has gained more than Sh160 billion in valuation in the last five trading sessions to lift the Nairobi bourse from a 17-year low caused by the coronavirus pandemic that has triggered a sell-off by foreign investors.
The share was trading at 28.60 on Friday, up 16.7 percent from Sh24.50 on Wednesday, March 25, when the market was at its low point. It had closed Thursday at Sh28.25 a share.
