Safaricom's valuation has outshone the combined capitalisation of nine of the biggest firms at the Nairobi Securities Exchange (NSE).
The telecommunication giant has been valued at Sh719 billion which is Sh29 billion more than the combined market caps of institutions such as East Africa Breweries Limited (EABL), Standard Chartered, Barclays Bank of Kenya, Equity Bank, KCB, BAT Kenya, Co-operative Bank, KenGen and Bamburi Cement.
Safaricom has remained at the top of the NSE for the last one year according to the Nairobi Securities Exchange (NSE).
EABL is the second largest listed firm, with a valuation of Sh170 billion, and no other firm has hit the Sh100 billion mark.
Equity Bank is valued at Sh97 billion while BAT Kenya is fourth at Sh85 billion. KCB takes the fifth slot with a valuation of Sh81.3 billion.
Standard Chartered (Sh61.8 billion), Co-operative Bank (Sh59.2 billion), Bamburi (Sh56.3 billion), Barclays (Sh44.3 billion) and KenGen (Sh35.3 billion) complete the top ten.