Safaricom Plc

About the Company

Safaricom is Kenya's largest company by market capitalisation, a dominant telecoms provider, and the creator of M-Pesa — the world's most successful mobile money platform. Founded in 1997 and listed on the NSE in 2008, Safaricom controls 65% of Kenya's mobile subscribers and processes billions of dollars in M-Pesa transactions annually. In 2022, Safaricom led a consortium to launch operations in Ethiopia, Africa's second-most- populous country. As of December 2025, Vodacom Group (South Africa) agreed to acquire an additional 20% stake for $2.1 billion, raising its ownership to 55% and taking majority control.