Demos push Safaricom share price down 17pc as dividend hits Sh48b

Safaricom Chief Finance Officer Dilip Pal, CEO Peter Ndegwa, Chairman, Adil Arshed Khawaja and acting Company Secretary Linda Mesa Wambani during the telco's 16th AGM in Nairobi on July 25, 2024. [File, Standard]

The street protests witnessed across several parts of the country in the past two months have contributed to a 17 per cent drop in the share price of Safaricom.

This has seen East Africa's most profitable company lose more than Sh118 billion in paper value over the past two months.