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Mixed fortunes for Safaricom investors five years after IPO

The Safaricom Customer Care Centre on Moi Avenue. Analysts remain bullish about the company’s prospects. FILE

This weekend marks five years since Safaricom was listed at the Nairobi Securities Exchange after selling 10 billion shares to the public.

The event marked a watershed in Kenya’s capital markets and settled the argument whether there was the appetite and cash to support multi-billion-shilling calls.

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