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
- BREAKING NEWS | Burkina Faso: Ouagadougou officially severs diplomatic relations with France
- EBID and Taraba State Seal Landmark USD 268 Million Financing to Power Industrial, Agricultural and Energy Transformation
- Awarding of UEMOA Excellence Awards to Journalists in Dakar, on the sidelines of FIPE-UEMOA
- Cameroon Airports accelerates its entry to the BVMAC to finance its transformation
- At the FIPE-UEMOA, experts raise concerns about obstacles to the implementation of the AfCFTA
- Ivory Coast prepares the labeling of five new products to unite producers, processors, and exporters
- Key rates: the dilemma of the BCEAO-BEAC tandem facing a BCE ready to react again
- Ivory Coast: Microfinance net assets up 11% as of March 31, 2026
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