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Safaricom MALI.
Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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the deal wrote:NewMoney wrote:the deal wrote:Looks good on paper but in reality it's not...like someone said...in which high liquid asset will Safcom invest to achieve the 10% p.a? If they partner with a firm like CIC they can definitely do it. CIC has been offering over 9% consistently on the money market fund so 10% is definitely doable with a few extra T&C. Or safcom can setup a similar organization to whatever CIC uses in the back office and save some costs How is CIC doing? The 10% p.a is just a bait... Bait? They've been consistent over many years... Clarify 'bait'.. Link perhaps? For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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the deal wrote:It's a tragedy...good thing we have jailed the culprits...assets and bank accounts frozen...too bad we dont have the death penalty...small countries like Namibia are vulnerable to state capture... Not necessarily so. Look at small (population) countries like Singapore and Denmark vs Nigeria, RSA and Kenya. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 3/30/2009 Posts: 56
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Angelica _ann wrote:So where will they invest the money. Asking for a friend.  Is it true that the 'bank' behind it is Safaricom SACCO?
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Rank: New-farer Joined: 1/4/2019 Posts: 69 Location: Nairobi
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10% is quite a big promise... They should probably wait for businesses to finish responding to the interest cap changes before committing
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Njunge wrote:If it's what I am thinking, it will be a game changer with huge potential of driving banks and saccos under.......before then, anyone with details and launching date? ussd *230# from your phone and follow details. Towards the goal of financial freedom
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Rank: Member Joined: 12/8/2006 Posts: 104
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Ebenyo wrote:Njunge wrote:If it's what I am thinking, it will be a game changer with huge potential of driving banks and saccos under.......before then, anyone with details and launching date? ussd *230# from your phone and follow details. It's a good tech initiative, but will probably exacerbate the money markets. Mid and lower tier banks and microfinances will find it harder to attract deposits, leading to a rise in lending rates. Not sure what the contracts behind the product is in order to better anticipate market responses.
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Rank: Member Joined: 2/20/2007 Posts: 767
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winmak wrote:the deal wrote:NewMoney wrote:the deal wrote:Looks good on paper but in reality it's not...like someone said...in which high liquid asset will Safcom invest to achieve the 10% p.a? If they partner with a firm like CIC they can definitely do it. CIC has been offering over 9% consistently on the money market fund so 10% is definitely doable with a few extra T&C. Or safcom can setup a similar organization to whatever CIC uses in the back office and save some costs How is CIC doing? The 10% p.a is just a bait... Bait? They've been consistent over many years... Clarify 'bait'.. Link perhaps? Its bait for sure. You need to be an investor to know. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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peep wrote:Angelica _ann wrote:So where will they invest the money. Asking for a friend. Is it true that the 'bank' behind it is Safaricom SACCO? Bank at the back-end likely to be NCBA and/or KCB. Life is short. Live passionately.
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Rank: Member Joined: 3/1/2019 Posts: 170 Location: Nairobi
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sparkly wrote:peep wrote:Angelica _ann wrote:So where will they invest the money. Asking for a friend. Is it true that the 'bank' behind it is Safaricom SACCO? Bank at the back-end likely to be NCBA and/or KCB. Agree... Safaricom sacco does not have any products that can offer such returns at the scale that this would need. Just because Safaricom sacco has that brand name on it does not mean they are related at all, I understand it's a very small (relatively) independent operation with little to no ties with safcom company itself
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