Safaricom stake in Kenyan economy rises to Sh543bn

A Safaricom Shop in Nairobi. FILE PHOTO | NMG

Telecoms operator Safaricom #ticker:SCOM deepened its contribution to the Kenyan economy in the year ended March 2018, having grown its value chain by Sh57 billion to Sh543 billion, the company’s latest annual sustainability report says.

The latest report says Safaricom’s economic activities sustained nearly 897,372 jobs, bucking the trend in corporate Kenya that saw many businesses freeze employment or send hundreds of workers home as profitability fell in a tough economic environment.

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Note: The results are not exact but very close to the actual.