👨🏿‍🚀TC Daily — Safaricom briefly hit a trillion-shilling in market cap For the first time since October 2022, Kenya’s largest telecom company, Safaricom, celebrated briefly after it reached a trillion-shilling status. On June 12, the company became a KES 1 trillion ($7.7 billion) company, making it the most valuable company on the Nairobi Stock Exchange (NSE). Safaricom’s high market cap is due to a string of strong financial results and investor confidence. In May 2025, Safaricom posted a record KES 388.7 billion ($3 billion) in revenue and a 10.8% rise in net income. However, Safaricom has since lost its trillion-shilling status. At the close of market on Monday, Safaricom’s market cap had declined to KES 987.61 billion ($7.6 billion). Sign up and read TC Daily 👉 https://techcabal.com/2025/06/17/techcabal-daily-lemfi-finds-its-next-pillar/?utm_source=Whatsapp&utm_medium=Organic+&utm_id=TechCabal+whatsapp