Safaricom Hits a Record Sh630bn Valuation. If it Were a Country, This is Where it Ranks in Africa

Posted: March 20, 2015 in Opinion, Technology
Tags: , , ,

Safaricom has set a new record after its market value rose to Sh635 billion at the Nairobi Securities Exchange (NSE), at the close of business on Thursday.

That was a Sh5 billion gain from the Sh630 billion it had set on Wednesday and the trend may continue. Shares were trading at an all time high of Sh15.85.

With that Market Capitalization, Safaricom is larger than the next 3 biggest firms on the NSE combined.

Number two on the list is EABL with a market capitalization of Sh248 billion, followed by Equity at Sh190 billion and KCB at Sh183 billion. These 4 companies are more than half the entire NSE.

Now, how does Safaricom compare to the GDPs of African countries?

If Safaricom was a country, it would be a healthy number 36 in Africa, just below Rwanda.

Here’s a table from Wikipedia.

1  Nigeria 594.257
2  South Africa 341.216
3  Egypt 284.860
4  Algeria 227.802
5  Angola 131.407
6  Morocco 112.552
7  Sudan 70.030
8  Kenya 62.722 Revised to $53.40 billion[8]
9  Ethiopia 49.857
10  Libya 49.341
11  Tunisia 49.122
12  Tanzania 36.620 Revised to $41.33 billion[9]
13  Ghana 35.475
14  Ivory Coast 33.963
15  DR Congo 32.665
16  Cameroon 32.163
17  Uganda 26.086 Revised to $24.69 billion[10][11]
18  Zambia 25.611
19  Gabon 20.675
20  Mozambique 16.590
21  Botswana 16.304
22  Senegal 15.881
23  Chad 15.841
24  Equatorial Guinea 15.396
25  Congo 14.114
26  Zimbabwe 13.739
27  Burkina Faso 13.382
28  Mauritius 12.720
29  Mali 12.043
30  Namibia 11.982
31  South Sudan 11.893
32  Madagascar 11.188
33  Benin 9.237
34  Niger 8.290
35  Rwanda 8.002
36  Safaricom 6.91
37  Guinea 6.770
38  Sierra Leone 5.411
39  Togo 4.838
40  Malawi 4.408
41  Mauritania 4.286
42  Eritrea 3.870
43  Swaziland 3.842
44  Burundi 3.037
45  Lesotho 2.458
46  Liberia 2.073
47  Cape Verde 1.975
48  Central African Republic 1.731
49  Djibouti 1.582
50  Seychelles 1.473
51  Guinea-Bissau 1.040
52  The Gambia 0.918
53  Comoros 0.722
54  São Tomé and Príncipe 0.362
55  Somalia
56  Sahrawi Arab Democratic Republic

*Wikipedia figures

Well, as big as these figures may be, lets not forget that Apple has a market capitalization of nearly $800 billion and recently just announced first quarter profits of $18bn. If it were an African country, it would essentially be the wealthiest.

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