Safaricom PLC is a listed Kenyan mobile network operator headquartered at Safaricom House in Nairobi, Kenya. It is the largest telecommunications provider in Kenya, and one of the most profitable companies in the East and Central Africa region. The company offers mobile telephony, mobile money transfer, consumer electronics, ecommerce, cloud computing, data, music streaming, and fibre optic services. It is most renowned as the home of MPESA, a mobile banking SMS-based service. Safaricom controls approximately 64.5% percent of the Kenyan market as at 2020 with a subscriber base estimated at approximately 35.6 million. In terms of voice market and SMS market share Safaricom controls 69.2% and 92.2% respectively. Safaricom was formed in 1997 as a fully owned subsidiary of Telkom Kenya. In May 2000, Vodafone Group PLC of the United Kingdom acquired a 40% stake and management responsibility for the company. In 2008, the government offered 25% of its shares to the public through the Nairobi Securities Exchange. Safaricom was ranked as Africa’s Best Employer, 67th in the World by the Forbes Global 200 list of World’s Best Employers. In March 2018, Safaricom was ranked as the #1 company to work for in the annual BrighterMonday Best 100 Companies to Work for in Kenya according to career professionals and job seekers. As of 2020, Safaricom employed over 4,500 people permanently and over 1900 people on contract. 75 per cent of the company’s employees were based in Nairobi, the Headquarters, with the remainder based in other big cities like Mombasa, Kisumu, Nakuru and Eldoret, in which it operates retail outlets. It has nationwide dealerships to ensure customers across the country have access to its products and services. Safaricom had its IPO in 2008.

Nairobi Securities Exchange – NSE







 Safaricom Plc 




CPI & Inflation Rate-KNBS

September 20236.8135.32
August 20236.73134.02
July 20237.28134.15
June 20237.88134.01
May 20238.03133.01
April 20237.90131.83
March 20239.19131.18
February 20239.23130.13
January 20238.98129.29
December 20229.06128.99
November 20229.48128.31
October 20229.59127.86
September 20229.18126.73
August 20228.5125.58
July 20228.3125.05
June 20227.9124.22
May 20227.1123.12
April 20226.47122.17
March 20225.56120.14
February 20225.08119.13
January 20225.39118.64
December 20215.73118.27
November 20215.8117.2
October 20216.45116.67
September 20216.91116.08
August 20216.57115.71
July 20216.55115.45
June 2021