Safaricom has generated Sh700 billion wealth for its shareholders in the brief time it’s been operational. Today, if the company’s share gains one shilling, a cool Sh40 billion in wealth is created in that very moment
As 2016 draws to a close, the biggest question on the lips of investors is whether the new year will herald the birth of Kenya’s first Decacorn, Safaricom. In Silicon Valley parlance, Decacorn is a company valued at US$10 billion (Sh1 trillion); that is ten times the size of a Unicorn, which is a tech company valued at US$1 billion. If Safaricom hits the Sh1 trillion mark in market capitalisation, the sonic boom will be heard around the world. For a 16-year old company, it is a huge milestone that cements Safaricom’s position as a pace setter not only in technological innovation, but also how a business can become a force for good.
