Safaricom stock follows new M-Pesa investment product launch

Published on 10/08/2026 at 00:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Safaricom stock closed at KES 36.05 on October 7, 2026, down 0.69 percent from KES 36.30. FY2026 profit after tax rose 61.0 percent.

SCOM, KE1000001402, Illustration mit AI erstellt.

Safaricom (ISIN KE1000001402) had a market capitalization of KES 1.4 trillion on October 7, 2026, while its latest product launch broadened the M-Pesa investment platform. The company introduced the Ziidi Shariah Money Market Fund with GulfCap Investment Bank, giving customers access to a Shariah-compliant savings and investment product.

Ziidi expands M-Pesa services

According to The Standard on October 6, 2026, customers can start with KES 100 and add KES 10 through the My OneApp or the USSD service *334#. The fund operates separately from Safaricom's conventional Ziidi Money Market Fund.

TechTrends reported on October 7, 2026, that the conventional Ziidi fund's assets more than doubled to KES 18.7 billion in the year to March 2026. The new fund therefore adds a second investment route to a product that already has measurable scale.

Profit growth supports the valuation

Safaricom's FY2026 financial year ended March 31, 2026, and its profit before tax increased 36.1 percent to KES 126.82 billion from KES 93.21 billion. Profit after tax rose 61.0 percent to KES 73.68 billion from KES 45.76 billion, according to Pergamon in its September 24, 2026 stock note.

The same FY2026 figures show a dividend of KES 2.00 per share, up 66.7 percent from KES 1.20. The comparison matters because Safaricom combines earnings growth with a cash distribution profile, while the Ziidi launch adds another financial-services use case for M-Pesa.

On September 17, 2026, Simply Wall St reported that analysts raised Safaricom's fair value from KES 45.00 to KES 50.00. The update cited lower discount-rate assumptions, higher forecast revenue growth and slightly stronger expected profit margins.

Safaricom stock stays below yearly high

Safaricom stock closed at KES 36.05 on the Nairobi Securities Exchange on October 7, 2026, down 0.69 percent from the prior close of KES 36.30. The session volume was 785,052 shares, and the price stood 9 percent below the 52-week high of KES 39.40 while remaining above the low of KES 26.00.