Safaricom PLC is Kenya’s largest mobile network operator and a dominant force in East African telecom and mobile. Founded in 1997 as a unit of state-owned Telkom Kenya, Safaricom’s ownership structure changed when Vodafone acquired a 40% stake in. By 2008 the Kenyan government sold 25% of its shares in an IPO on the Nairobi Securities Exchange – a landmark offering oversubscribed by over 500%. Today Safaricom is by far the biggest listed company in Kenya, controlling roughly
