Skip to content
Investment

Safaricom Changes name in compliance with new laws

BY Soko Directory Team · February 28, 2018 08:02 am

Safaricom will no longer be known as Safaricom Limited but Safaricom PLC in compliance with Section 53 of the Companies Act, 2015.

The name was changed with effect from 31st of January, 2018 in a move that will see other companies follow suit to comply with the Act.

Section 53 of the Companies Act states that a company that is both a limited company as well as a public company may only be registered with a name ending with ‘public limited company’ hence, Safaricom is now Safaricom Public Limited Company.

30 years of SIB

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

Trending Stories
Opinion The Man Who Built The Stage For His Own Critics: Why Baba’s Legacy Will Outlive The Noise, The Betrayal, And The Political Season Of Small Men Steve Biko Wafula
Government and Policy A Nation Bleeding: Why the ICC and UN Must Act Against Ruto’s Crimes on Kenyan Youth Soko Directory Team
Opinion When The Flame refuses To Die — Mourning Raila, Carrying His Dream, And Keeping The Fight For Justice Alive Steve Biko Wafula
Government and Policy Signed In The Shadow Of Grief: Eight Laws That Shrink Our Rights—And Why We Must Force Parliament to Undo Them Steve Biko Wafula
Government and Policy Teachers on Edge: How New Policies Are Reshaping the Life and Future of Kenyan Educators Soko Directory Team
Related Articles
Headlines Safaricom Marks Silver Jubilee, celebrating 25 Years of Connecting and Transforming Lives Soko Directory Team
Investment KenGen Publishes Clarification Regarding Its FY25 Results Soko Directory Team
Investment Githurai Onion Vendors deal With Soaring Prices as Profits Shrink Soko Directory Team
Investment African Development Bank and Angola Launch $125 Million Drive Soko Directory Team
Investment Equity Group Champions Africa’s Transformation with 2024 Sustainability Report: A Sustainable World is a Transformed Africa Soko Directory Team
Explore Soko Directory
Banking Blogging Commodity Watch Did you know Entertainment Entrepreneur's Corner Feature Government and Policy Headlines Investment Lifestyle Market News Money Opinion Press Releases Stock Watch Technology
Soko Directory Archives