Safaricom has been offered a path to enter the Ethiopian market after Addis Ababa issued a timetable for the auction of two new telecoms licences.

Ethiopia said last week that it plans to award the permits by April next year and firms keen on bidding have until November 22 to show interest, opening the country’s telecoms market to foreign investment for the first time.

Safaricom has expressed interest in either buying a stake in State-owned Ethio Telecom, which is up for sale, or setting shop in the country from scratch.

Michael Joseph, Safaricom's interim CEO, said last week that the Nairobi bourse-listed telecom operator was consulting on the bidding process even after earlier talking of plans to acquire a stake in Ethio Telecom.

"We don’t know at this stage. We will decide after the consultation period," Mr Joseph said in reference to next month’s deadline.

https://www.businessdail...27520-145njxe/index.html

HY2020 will be released tomorrow and Sylvia looked very confident on her interview yesterday on KTN.

Stay tuned my friends

HY Profit before tax up 13.3% to ksh.51.32bn
Profit after tax at ksh.35.7bn

What are the indications on share price? 30 smashed today are we moving past 31 come monday?

Its going to be interesting to see what happens from now on and how much higher it goes as we near the historic high. Im sure there is a sudden drop in share price waiting around the corner too, wonder when..