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Safaricom Shares at NSE Drop to Record Low of KSh 24

Safaricom is the Kenyan mobile operator and the largest telecommunications provider in Kenya and the most profitable in East and Central Africa region. It has great services as money transfer,savings and loan applications.

According to post on facebook safaricom shares have dropped below 1 trillion for the first time on Nairobi Security Exchange ( NSE). The shares that traded at Ksh. 38:15 had dropped to Ksh. 24.45 per share.

Due to poor performance,safaricom recorded a paper loss of 82% since the start of the ye Due to inflation problem affecting most countries,this has forced even Central Bank to raise it's interests.

Most companies that rely on Safaricom for their operation have been hardly hit by the inflation problem giving rise to fuel and foodstuffs.

What do you think about Safaricom since everything seems to be dropping? Will we continue using Safaricom just for money transfer? Kindly give your views and share.

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Content created and supplied by: CayPol (via Opera News )

Central Bank Kenyan NSE Safaricom


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