Friday, July 11, 2025
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Safaricom races to Sh1 trillion valuation milestone

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.

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