Safaricom Reveals Number of Kenyans Owning Shares in Telecom Giant

Safaricom has disclosed details of its shareholder distribution, revealing that two major investors control nearly three-quarters of the telecommunications company’s total issued shares.

According to the company’s 2025 Annual Report and Financial Statements, Safaricom had 533,549 shareholders holding a combined 40.06 billion ordinary shares as of March 31, 2025.

The report highlights the significant concentration of ownership in the telecommunications giant, despite hundreds of thousands of Kenyans and other investors holding shares in the company.

Vodafone Kenya Limited emerged as the largest shareholder, with 16 billion shares representing approximately 40 per cent of the company’s total issued shares.

The National Treasury was the second-largest shareholder, holding 14,022,572,580 shares, equivalent to approximately 35 per cent.

Combined, the two major shareholders controlled 30.02 billion shares, representing 74.93 per cent of Safaricom’s total shareholding.

The remaining 25.07 per cent was distributed among institutional investors, individual shareholders and other entities.

The report further revealed that 351,094 shareholders held between one and 1,000 shares each, making them the largest category by number of investors.

Another 160,420 shareholders owned between 1,001 and 10,000 shares, while 19,400 investors held between 10,001 and 100,000 shares.

Interestingly, only 12 shareholders fell within the category of investors holding between 100 million and one billion shares.

Collectively, they controlled approximately 2.61 billion shares.

The figures demonstrate how ownership of the telecommunications company is distributed between major institutional investors and thousands of smaller shareholders.

Safaricom remains one of the most prominent companies listed on the Nairobi Securities Exchange, attracting considerable attention from local and international investors.

The disclosure also comes amid ongoing discussions surrounding the government’s proposed partial divestiture of its stake in the telecommunications giant, a development that has generated considerable public and political debate.

https://peopledaily.digital/business/safaricom-reveals-number-of-investors-holding-billions-of-shares?fbclid=IwdGRjcAVgE7dleHRuA2FlbQIxMQBwZG9mBXNydGMGYXBwX2lkDDM1MDY4NTUzMTcyOAABH1hOJEoPtUzQIGCXkvZdmXCTvxMYCeovvLxU8DQcHLfEL9PyrraufCWJedj__aem_HDiteJKJGFqhJXF52dhnbA

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