Retail investors bought an additional 51.9 million shares of Safaricom valued at Sh890 million at the current price in the 15 months to June 2023, taking advantage of the telco’s falling share price and a willingness by foreign investors to let go of the stock.
The company’s shareholder register as of June shows that the category of investors holding between one and 100,000 shares accounted for 1.166 billion shares, up from 1.114 billion in March 2022.
