Tony254
JF-Expert Member
- May 11, 2017
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Safaricom ambayo ina thamani ya takriban dola bilioni kumi imeorodheshwa ya kumi Africa. Kwenye kumi bora, Africa kusini imechukua nafasi karibu zote. Katika mia bora, Kenya ina kampuni nne. Safaricom, Equity bank, Kcb bank na East African breweries Ltd. Tanzania huenda inatapatapa na haina kampuni hata moja kwenye mia bora Africa.
Safaricom now Africa’s tenth most valuable firm
Safaricom now Africa’s tenth most valuable firm
Tuesday, May 19, 2020 8:00
Safaricom has been ranked the 10th most valuable firm on the continent in a ranking dominated by South African companies.
People walk past a Safaricom shop in Nairobi. FILE PHOTO | NMG
By ADONIJAH OCHIENG
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IN SUMMARY
South Africa-based African Business disclosed in a ranking of the continent’s top 250 firms that Safaricom had climbed from position 14 last year.
Only four Kenyan-based firms, including East African Breweries Limited (EABL) #ticker:EABL, Equity #ticker:EQTY and KCB Group #ticker:KCB, were ranked among the top 100 most valuable companies in Africa.
In the ranking, which is based on a firm’s market capitalisation at the end of March, Equity Bank was ranked at position 82, followed by EABL (90) and KCB Group (92).
Safaricom’s market value was placed at $9.96 billion (Sh1.06 trillion) compared to Sh12.74 trillion of South Africa’s technology firm Prosus—which is the continent’s most valuable firm.
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Safaricom and Morocco’s telecom giant, Maroc Telecom, were the only firms outside South Africa ranked in the top 10.
But the East African region is still the continent’s most attractive investment destination based on capital gains, according to the survey.
“Some of Africa’s most attractive investment destinations are found in the East. But this did not stop the region’s share of the Top 250 ranking falling from 21 companies totalling $26.3bn (four percent of total market cap) last year to 17 entries totalling $20.2bn (3.4 percent of the total) this year,” the report notes.
“South Africa’s share of the Top 250 Company ranking continues to slip back because other African markets have been growing more strongly – at least before the crisis hit. South Africa now has 100 companies on the list, down from 109 in 2019,” the report states.
Kenyan firms remain dominant in East Africa. Ugandan firms missed out in the top 100 ranking while Tanzania had two firms—Tanzania Breweries Limited at position 75 and Vodacom Tanzania (98).
Safaricom’s dominance of the Nairobi Securities Exchange (NSE) has hit a new peak after the telecommunication firm’s market valuation exceeded 50 percent of the Sh2.06 billion Nairobi bourse. Safaricom’s valuation of Sh1.1 trillion at close of trading Monday is now 53.3 percent of total investors’ wealth on the NSE Nairobi Securities Exchange,
Safaricom now Africa’s tenth most valuable firm
Safaricom now Africa’s tenth most valuable firm
Tuesday, May 19, 2020 8:00
Safaricom has been ranked the 10th most valuable firm on the continent in a ranking dominated by South African companies.
By ADONIJAH OCHIENG
More by this Author
IN SUMMARY
- African Business disclosed in a ranking of the continent’s top 250 firms that Safaricom had climbed from position 14 last year.
- Only four Kenyan-based firms, including East African Breweries Limited (EABL), Equity and KCB Group, were ranked among the top 100 most valuable companies in Africa.
- In the ranking, which is based on a firm’s market capitalisation at the end of March, Equity Bank was ranked at position 82, followed by EABL (90) and KCB Group (92).
- Safaricom and Morocco’s telecom giant, Maroc Telecom, were the only firms outside South Africa ranked in the top 10.
South Africa-based African Business disclosed in a ranking of the continent’s top 250 firms that Safaricom had climbed from position 14 last year.
Only four Kenyan-based firms, including East African Breweries Limited (EABL) #ticker:EABL, Equity #ticker:EQTY and KCB Group #ticker:KCB, were ranked among the top 100 most valuable companies in Africa.
In the ranking, which is based on a firm’s market capitalisation at the end of March, Equity Bank was ranked at position 82, followed by EABL (90) and KCB Group (92).
Safaricom’s market value was placed at $9.96 billion (Sh1.06 trillion) compared to Sh12.74 trillion of South Africa’s technology firm Prosus—which is the continent’s most valuable firm.
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Safaricom and Morocco’s telecom giant, Maroc Telecom, were the only firms outside South Africa ranked in the top 10.
But the East African region is still the continent’s most attractive investment destination based on capital gains, according to the survey.
“Some of Africa’s most attractive investment destinations are found in the East. But this did not stop the region’s share of the Top 250 ranking falling from 21 companies totalling $26.3bn (four percent of total market cap) last year to 17 entries totalling $20.2bn (3.4 percent of the total) this year,” the report notes.
“South Africa’s share of the Top 250 Company ranking continues to slip back because other African markets have been growing more strongly – at least before the crisis hit. South Africa now has 100 companies on the list, down from 109 in 2019,” the report states.
Kenyan firms remain dominant in East Africa. Ugandan firms missed out in the top 100 ranking while Tanzania had two firms—Tanzania Breweries Limited at position 75 and Vodacom Tanzania (98).
Safaricom’s dominance of the Nairobi Securities Exchange (NSE) has hit a new peak after the telecommunication firm’s market valuation exceeded 50 percent of the Sh2.06 billion Nairobi bourse. Safaricom’s valuation of Sh1.1 trillion at close of trading Monday is now 53.3 percent of total investors’ wealth on the NSE Nairobi Securities Exchange,
