USD 1bn = (approx) KES 100bn so the "Ksh 99.99bn +1" it is.

What's nuts is that Safcom is 45%-ish of the total value of the NSE.
If the "zombies" are eliminated then Safcom is close to 50%.

Michael Joseph has never left.

As with MJ, He will linger on in an advisory role and Thanks to Akina Shiru/Shiku He will never leave

Safaricom’s incremental dividend payouts have returned the entire capital of the company’s owners and left them with an additional Sh101.2 billion, highlighting the enormous returns enjoyed by the telco’s long-term investors.

The Nairobi Securities Exchange(NSE)-listed firm went public On June 9, 2008 at an offer price of Sh5 or an aggregate value of Sh200 billion.

Last week’s declaration of a total dividend of Sh74.92 billon for the year ended March took Safaricom’s cumulative payouts to Sh301.2 billion since the initial public offering (IPO).

The company’s upcoming dividend represents a compound annual growth rate of 30.52 per cent from the Sh4 billion it paid for the year ended March 2009.

“The board remains committed to investing in the business and continuing our strong record for paying progressive dividends each year,” Safaricom said when announcing its results last week, adding that its balance sheet remains strong.

https://www.businessdail...2190-157k46rz/index.html

30 August