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Mobile giant Safaricom’s valuation hit Sh1 trillion at the close of trading at the Nairobi Securities Exchange (NSE) on Friday, becoming the first company to do so in the history of the 63-year-old bourse.
Analysts hailed the achievement of the firm, which is only 16 years old and started trading at the NSE in 2008 but has for the last five years been the most valuable company in the country.
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