The value of Safaricom at the Nairobi bourse has dipped below the Sh1 trillion mark on foreign investors’ flight in the wake of rate hikes in the US.
The telco was yesterday valued at Sh979.60 billion after its share price dipped to Sh24.45 from a high of Sh38.15 at the start of the year, translating to a paper loss of Sh548.9 billion over the period.
