Safaricom Plc, Kenya’s largest telecommunication and East Africa’s most profitable company reported a 17.5 per cent decline in share price or $978.7 million attributed to the ongoing anti-government protests which started mid June. The company told shareholders during the annual general meeting on Thursday, that the protests were partly to blame for the declining share…...
Trending
- Abdou Souleye Diop, Forvis Mazars in Morocco: “no consulting profession is called to disappear in the strict sense of the term…”
- UEMOA: 161 credit institutions approved by the end of 2025
- Electricity: 7% decrease in Taqa Morocco’s consolidated profit in 2025
- Egypt relaunches its “citizen bond” to attract domestic savings
- Horus Investment Capital strengthens its pan-African positioning at GBM Africa 2026
- UMOA Securities: Investors rush for Ivorian paper
- Ivorian fintech FeexPay strengthens its presence in Africa with an alternative to payment terminals
- Royal Air Maroc inaugurates a new direct route with Brussels
Kenya’s largest telco Safaricom loses $978.7 million on protests
© DR
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com