Safaricom of Kenya Rises Most in 3 Weeks on Higher Revenue Bets
The stock gained 3.5 percent to 3 shillings by 11:39 a.m. in Nairobi, the biggest advance since Oct. 11. Safaricom will announce its earnings for the six months through September on Nov. 9, the company said yesterday.
“We are expecting good results out of the company,” Amos Odero, a senior equities dealer at Nairobi-based Genghis Capital Ltd., said by phone today. “Subscribers numbers are up and things are looking positive on the data side.”
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