Safaricom now valued at record high

Safaricom’s share price hit a new all-time high of Sh20 yesterday, lifting the telecommunications firm’s market value to a record Sh801.3 billion.

The share price rally on the Nairobi Securities Exchange (NSE) is driven by the telecom operator’s announcement on Tuesday last week of a special dividend of Sh0.68 per share, amounting to Sh27.5 billion, payable to shareholders on its register as of September 2.