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Safaricom to buy a bank?
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Mastermind
#1 Posted : Wednesday, January 25, 2012 3:36:49 PM
Rank: Veteran

Joined: 1/25/2012
Posts: 1,624
Location: Langley
Safaricom ltd is set to buy a small bank. Anyone to confirm the news?
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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slykat
#2 Posted : Wednesday, January 25, 2012 5:14:42 PM
Rank: Member

Joined: 2/20/2007
Posts: 359
That would be quite something. Investment income from Mpesa funds, Mpesa loans, Mpesa payroll sevices, Mpesa trading account and Mpesa savings.......

Now, what's your source?
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hisah
#3 Posted : Wednesday, January 25, 2012 5:50:14 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Wow! That would be something for mpesa bank. And it would also piss off most bankers... smile

Then a CFCI de-merger for Mpesa bank. Then the rally smile
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Impunity
#4 Posted : Wednesday, January 25, 2012 6:46:58 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
hisah wrote:
Wow! That would be something for mpesa bank. And it would also piss off most bankers... smile

Then a CFCI de-merger for Mpesa bank. Then the rally smile


smile smile
Portfolio: Sold
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Cde Monomotapa
#5 Posted : Wednesday, January 25, 2012 6:48:03 PM
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Joined: 1/13/2011
Posts: 5,964
Terrible idea.
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Cde Monomotapa
#6 Posted : Wednesday, January 25, 2012 6:51:11 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
Terrible idea.

Macro-economically. Also, is this an admission that they can't live off their core bizness? I'd be selling this thing.
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GGK
#7 Posted : Wednesday, January 25, 2012 7:42:41 PM
Rank: Member

Joined: 11/21/2006
Posts: 608
Location: Ruiru
Makes little sense.
They should just stick to telecom and sort out congestion issues.
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mlennyma
#8 Posted : Wednesday, January 25, 2012 8:12:10 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Core business of what??the way forward for companies is diversification if you dont want to be faced out by competition,or u will be left holding a monkey...insurance companies do real estate,musc does power and many more examples.
"Don't let the fear of losing be greater than the excitement of winning."
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marshalliah
#9 Posted : Thursday, January 26, 2012 9:23:56 AM
Rank: Member

Joined: 10/10/2009
Posts: 52
the core business while starting was providing calling services.if they remained in their core business which is voice segment, we would have no mpesa. While introducing internet services, it was still no core business, but has succeded. Core business is an outdated concept of running businesses and should be left to the industrial revolution. We are in a new age, where core business doesn't matter, as long as ventures are breaking even and are being driven by innovation.

Who knows the core business of google anymore?
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2012
#10 Posted : Thursday, January 26, 2012 9:44:16 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Cde Monomotapa wrote:
Terrible idea.


I think so to. This is a hectic service they can outsource cheaply.

BBI will solve it :)
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  | | Edit by user: Thursday, January 26, 2012 10:20 AM | Reason: Not specified
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