By Nina Mulamba
With over 23 million subscribers, Ksh. 160 Billion in revenue and an investment of over Ksh. 33 Billion on infrastructure in the 2014/2015 financial year, Safaricom has been named the ‘Best Managed Company in Kenya’ by leading market analysts.
Euro money Magazine awards its Best Managed Companies ranking based on a survey of market analysts at leading banks, consultancy firms and research institutes around the world.
As a well-respected global business publication, Euro money has been writing about macro-economics and global bank, equity and debt since 1969. Polling for this year’s awards took place on 26th February- 3rd July.
The annual survey rewards companies with the most convincing and coherent business strategies, ranking them by region, by industry and country. The criteria used to nominate the top five listed company in each main survey category include mind market strength, profitability, growth potential, quality of management and earnings.
Respondents are asked to nominate the top five listed companies in each of the main survey categories, bearing in mind market strength, profitability, growth potential, quality of management and earnings.
Respondents were asked to nominate the top three listed companies in each of the following categories: most convincing and coherent business strategy, best system of corporate governance, most accessible senior management, most transparent financial accounts, best for shareholder value, most useful and informative website, most improved performance and best newly listed company.
Safaricom has a business strategy that cuts across most thriving sectors. The firm provides voice, data, TV, financial services and enterprise for a range of subscribers ranging from small businesses to the government using a variety of platforms.
It is the biggest Telco in East and Central Africa, with over 23 million subscribers, providing over 300,000 touch points for its customers and offering over 100 different products under its portfolio.