Safaricom: The giant at a glance
By Steve Mbego | May 3rd 2019
- It is only telecommunications company listed on the Nairobi Securities Exchange.
- Kenyan government owns 35 per cent of the telco, South Africa's Vodacom 35 per cent and Britain's Vodafone 5 per cent and the rest by the public.
- Is the most profitable company in East Africa and the most valuable company on the NSE with a market capitalization of Sh1.6trn.
- In 2018, the firm generated Sh250.96b in revenues posting a net profit of Sh63.4b.
- Safaricom's Sh63.4b profit overshadows that of Kenya’s top three banks combined in 2018 trading. [Kenya Commercial Bank (Sh24b); Cooperative Bank (Sh18.2) and (Equity Sh15.8b).
- In 2018, the company’s biggest source of revenue was from outgoing voice calls (Sh95.9 billion) and MPesa (74.99b).
- It generated Sh38.69b from mobile data and Sh8.19b from fixed data revenue.
- With a total revenue of Sh250.96b, Safaricom can fund Nairobi County which has been allocated the largest share of county funds in the current fiscal year at Sh15.8 billion, 15.9 times.
- Safaricom can fund Elgeyo Marakwet County, which has the least county funds allocation this year at Sh4.1 billion, 61.2 times.
- The telco is a major contributor to the revenues of the Government and remitted Sh98.13b in duties, taxes and license fees in 2018, which totals to Sh698.52b since its inception.
- Statistics released today put its subscribers at 31.8 million.
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