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Safaricom share hits all-time high on Ethiopia bid

Safaricom Plc CEO Peter Ndegwa during the telco's 20-year celebration at the Nairobi Serena Hotel on October 27, 2020. PHOTO | NMG

Photo credit: Diana Ngila | Nation Media Group

By  Victor Juma

Business Editor

Nation Media Group

Safaricom’s #ticker:SCOM share price closed at an all-time high of Sh39.9 on Wednesday as investors rushed to buy on news that the telecoms operator is close to securing an operating licence in Ethiopia.

This pushed the telco’s market value to nearly Sh1.6 trillion – the highest level since the company started trading on the Nairobi Securities Exchange (NSE) on June 9, 2008.

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