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Safaricom 2019/2020
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watesh
#641 Posted : Thursday, August 12, 2021 1:32:06 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 953
Location: Kenya
Ericsson wrote:
Queen wrote:
xtina wrote:
Ericsson wrote:
Ethiopian government clears way for Safaricom to introduce Mpesa


Ethiopia is such a mess right now I am not even sure this is good news. Dead Tigrayans are showing up in Sudan rivers and TPLF is gearing up ready for war. Communication systems in the country have been blocked and there's very little information coming out of that country.


And now the Ethiopian government asks civilians to join the army as fighting escalates. Things are thick.


Ethiopia is about to explode.
The largest ethnic group rebels Oromo liberation defence forces and Tigray people liberation forces have teamed up on a war against the government.


It just keeps getting worse
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Queen
#642 Posted : Thursday, August 12, 2021 6:41:44 PM
Rank: Member


Joined: 11/21/2018
Posts: 561
Location: Britain
watesh wrote:
Ericsson wrote:
Queen wrote:
xtina wrote:
Ericsson wrote:
Ethiopian government clears way for Safaricom to introduce Mpesa


Ethiopia is such a mess right now I am not even sure this is good news. Dead Tigrayans are showing up in Sudan rivers and TPLF is gearing up ready for war. Communication systems in the country have been blocked and there's very little information coming out of that country.


And now the Ethiopian government asks civilians to join the army as fighting escalates. Things are thick.


Ethiopia is about to explode.
The largest ethnic group rebels Oromo liberation defence forces and Tigray people liberation forces have teamed up on a war against the government.


It just keeps getting worse


The predicted 14 Bob loading?
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kawi254
#643 Posted : Thursday, August 12, 2021 7:06:55 PM
Rank: Member


Joined: 2/20/2015
Posts: 464
Location: Nairobi
watesh wrote:
Ericsson wrote:
Queen wrote:
xtina wrote:
Ericsson wrote:
Ethiopian government clears way for Safaricom to introduce Mpesa


Ethiopia is such a mess right now I am not even sure this is good news. Dead Tigrayans are showing up in Sudan rivers and TPLF is gearing up ready for war. Communication systems in the country have been blocked and there's very little information coming out of that country.


And now the Ethiopian government asks civilians to join the army as fighting escalates. Things are thick.


Ethiopia is about to explode.
The largest ethnic group rebels Oromo liberation defence forces and Tigray people liberation forces have teamed up on a war against the government.


It just keeps getting worse


I don't get it why each of Ethiopia's regions had/has it's own army. Like if each Kenyan region (tribe) had it's own guns in 2007 we wouldn't have survived as a nation.
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watesh
#644 Posted : Friday, August 13, 2021 8:35:54 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 953
Location: Kenya
Ericsson wrote:
Queen wrote:
xtina wrote:
Ericsson wrote:
Ethiopian government clears way for Safaricom to introduce Mpesa


Ethiopia is such a mess right now I am not even sure this is good news. Dead Tigrayans are showing up in Sudan rivers and TPLF is gearing up ready for war. Communication systems in the country have been blocked and there's very little information coming out of that country.


And now the Ethiopian government asks civilians to join the army as fighting escalates. Things are thick.


Ethiopia is about to explode.
The largest ethnic group rebels Oromo liberation defence forces and Tigray people liberation forces have teamed up on a war against the government.


If the civil war gets even bigger, the forex shortage and inflation in the country will be immense. Case example South Sudan.
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kmucheke
#645 Posted : Friday, August 13, 2021 7:52:59 PM
Rank: Member


Joined: 3/16/2019
Posts: 313
kawi254 wrote:
watesh wrote:
Ericsson wrote:
Queen wrote:
xtina wrote:
Ericsson wrote:
Ethiopian government clears way for Safaricom to introduce Mpesa


Ethiopia is such a mess right now I am not even sure this is good news. Dead Tigrayans are showing up in Sudan rivers and TPLF is gearing up ready for war. Communication systems in the country have been blocked and there's very little information coming out of that country.


And now the Ethiopian government asks civilians to join the army as fighting escalates. Things are thick.


Ethiopia is about to explode.
The largest ethnic group rebels Oromo liberation defence forces and Tigray people liberation forces have teamed up on a war against the government.


It just keeps getting worse


I don't get it why each of Ethiopia's regions had/has it's own army. Like if each Kenyan region (tribe) had it's own guns in 2007 we wouldn't have survived as a nation.

Ethiopia practices ethnic federalism courtesy of Meles Zenawi. Each unit of the federal government is defined and segregated by ethnicity. South Sudan also practices something similar.
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watesh
#646 Posted : Friday, August 13, 2021 9:32:56 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 953
Location: Kenya
Ericsson wrote:
Queen wrote:
xtina wrote:
Ericsson wrote:
Ethiopian government clears way for Safaricom to introduce Mpesa


Ethiopia is such a mess right now I am not even sure this is good news. Dead Tigrayans are showing up in Sudan rivers and TPLF is gearing up ready for war. Communication systems in the country have been blocked and there's very little information coming out of that country.


And now the Ethiopian government asks civilians to join the army as fighting escalates. Things are thick.


Ethiopia is about to explode.
The largest ethnic group rebels Oromo liberation defence forces and Tigray people liberation forces have teamed up on a war against the government.


Central Bank of Ethiopia has asked all commercial banks to temporarily suspend providing loans backed by collateral.

Lenders ordered to also freeze disbursement of approved loans.

— Bloomberg
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Ericsson
#647 Posted : Sunday, September 26, 2021 12:08:20 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,636
Location: NAIROBI
https://africa.businessi...cations-ethiopia/78b4ejg
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#648 Posted : Sunday, October 17, 2021 10:20:54 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,636
Location: NAIROBI
Safaricom HY results release is on 10 November 2021 at 7:30am
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#649 Posted : Saturday, October 30, 2021 9:19:25 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,636
Location: NAIROBI
https://www.businessdail...aricom-ethiopia-3598662

Though license fee of $850mn or ksh.92bn has already been paid
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#650 Posted : Tuesday, November 09, 2021 12:44:41 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,636
Location: NAIROBI
Phttps://www.businessdailyafrica.com/bd/corporate/companies/safaricom-evacuates-staff-ethiopia-amid-unrest-3612454

Safaricom has evacuated some of its employees from Ethiopia because of armed conflict and civil unrest in what could disrupt the firm’s operations in the populous nation.

Safaricom, whose consortium aims to start operations in Ethiopia next year, got the employees out of the country on Wednesday and Friday.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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xtina
#651 Posted : Wednesday, November 10, 2021 9:45:25 AM
Rank: Member


Joined: 6/26/2008
Posts: 384
Ericsson wrote:
Phttps://www.businessdailyafrica.com/bd/corporate/companies/safaricom-evacuates-staff-ethiopia-amid-unrest-3612454

Safaricom has evacuated some of its employees from Ethiopia because of armed conflict and civil unrest in what could disrupt the firm’s operations in the populous nation.

Safaricom, whose consortium aims to start operations in Ethiopia next year, got the employees out of the country on Wednesday and Friday.


USG is also delaying the release of USD 500 million to Safcom because of that whole mess. Things are thick and it keeps getting worse.
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Ericsson
#652 Posted : Thursday, November 11, 2021 12:26:26 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,636
Location: NAIROBI
HY Results;
Service revenue grew by 16.9% to ksh.138.43bn
Profit before tax ksh.54.68bn
Profit after tax ksh.37.05bn

Mpesa Revenue grew by 45.8% to ksh.52.3bn
Voice Revenue grew by 3.2% to ksh.41.5bn
Messaging revenue declined by 18.3% to ksh.5.87bn
Mobile data revenue grew by 6.3% to ksh.23.6bn
Fiber to the home revenue grew by 22.9% to ksh.2bn
Fiber to the building revenue grew by 15.8% to ksh.2.9bn

As at 30 September 2021 borrowing stood at Ksh.77bn of which ksh.43bn is for the Ethiopia venture.Safaricom took a one year bridge facility of USD400mn to finance the Ethiopia venture.The company is seeking to term out the bridge facility through a long term debt arrangement so as to manage working capital requirements in the short term and minimize currency risk for the dollar loans.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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kmucheke
#653 Posted : Thursday, November 11, 2021 1:20:34 PM
Rank: Member


Joined: 3/16/2019
Posts: 313
Ericsson wrote:
HY Results;
Service revenue grew by 16.9% to ksh.138.43bn
Profit before tax ksh.54.68bn
Profit after tax ksh.37.05bn

Mpesa Revenue grew by 45.8% to ksh.52.3bn
Voice Revenue grew by 3.2% to ksh.41.5bn
Messaging revenue declined by 18.3% to ksh.5.87bn
Mobile data revenue grew by 6.3% to ksh.23.6bn
Fiber to the home revenue grew by 22.9% to ksh.2bn
Fiber to the building revenue grew by 15.8% to ksh.2.9bn

As at 30 September 2021 borrowing stood at Ksh.77bn of which ksh.43bn is for the Ethiopia venture.Safaricom took a one year bridge facility of USD400mn to finance the Ethiopia venture.The company is seeking to term out the bridge facility through a long term debt arrangement so as to manage working capital requirements in the short term and minimize currency risk for the dollar loans.

Quote:
Betting is now the second-largest business line by revenue under M-Pesa’s payments and betting unit after consumer-to-business (C2B), which generated sales of Sh5.1 billion in the six months to September.


Kenyans place Sh83.2bn M-Pesa bets in six months
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My 2 cents
#654 Posted : Friday, November 12, 2021 1:45:49 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,059
kmucheke wrote:
Ericsson wrote:
HY Results;
Service revenue grew by 16.9% to ksh.138.43bn
Profit before tax ksh.54.68bn
Profit after tax ksh.37.05bn

Mpesa Revenue grew by 45.8% to ksh.52.3bn
Voice Revenue grew by 3.2% to ksh.41.5bn
Messaging revenue declined by 18.3% to ksh.5.87bn
Mobile data revenue grew by 6.3% to ksh.23.6bn
Fiber to the home revenue grew by 22.9% to ksh.2bn
Fiber to the building revenue grew by 15.8% to ksh.2.9bn

As at 30 September 2021 borrowing stood at Ksh.77bn of which ksh.43bn is for the Ethiopia venture.Safaricom took a one year bridge facility of USD400mn to finance the Ethiopia venture.The company is seeking to term out the bridge facility through a long term debt arrangement so as to manage working capital requirements in the short term and minimize currency risk for the dollar loans.

Quote:
Betting is now the second-largest business line by revenue under M-Pesa’s payments and betting unit after consumer-to-business (C2B), which generated sales of Sh5.1 billion in the six months to September.


Kenyans place Sh83.2bn M-Pesa bets in six months


If only that same enthusiasm by the youth could be carried across into the NSE we would have a more vibrant capital market
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Ericsson
#655 Posted : Friday, November 12, 2021 2:03:37 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,636
Location: NAIROBI
My 2 cents wrote:
kmucheke wrote:
Ericsson wrote:
HY Results;
Service revenue grew by 16.9% to ksh.138.43bn
Profit before tax ksh.54.68bn
Profit after tax ksh.37.05bn

Mpesa Revenue grew by 45.8% to ksh.52.3bn
Voice Revenue grew by 3.2% to ksh.41.5bn
Messaging revenue declined by 18.3% to ksh.5.87bn
Mobile data revenue grew by 6.3% to ksh.23.6bn
Fiber to the home revenue grew by 22.9% to ksh.2bn
Fiber to the building revenue grew by 15.8% to ksh.2.9bn

As at 30 September 2021 borrowing stood at Ksh.77bn of which ksh.43bn is for the Ethiopia venture.Safaricom took a one year bridge facility of USD400mn to finance the Ethiopia venture.The company is seeking to term out the bridge facility through a long term debt arrangement so as to manage working capital requirements in the short term and minimize currency risk for the dollar loans.

Quote:
Betting is now the second-largest business line by revenue under M-Pesa’s payments and betting unit after consumer-to-business (C2B), which generated sales of Sh5.1 billion in the six months to September.


Kenyans place Sh83.2bn M-Pesa bets in six months


If only that same enthusiasm by the youth could be carried across into the NSE we would have a more vibrant capital market

Not to the NSE but to vote out the current crop of mpigs,governors and senators then the future will be bright for kenya.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#656 Posted : Monday, November 15, 2021 1:05:22 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,636
Location: NAIROBI
Safaricom led consortium has signed a deal with China's Huawei for network infrastructure construction for Safaricom Ethiopia.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#657 Posted : Tuesday, November 16, 2021 12:54:00 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,636
Location: NAIROBI
https://www.businessdail...times-to-sh76bn-3619028

That debt will surpass $1bn or ksh.112bn soon
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Queen
#658 Posted : Monday, November 22, 2021 1:38:59 PM
Rank: Member


Joined: 11/21/2018
Posts: 561
Location: Britain
37 bob prints. A falling knife. I speak in code.
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Sir invest
#659 Posted : Monday, November 22, 2021 2:05:48 PM
Rank: Member


Joined: 8/19/2015
Posts: 124
Anyone with the inside information on what is happening at Safaricom??
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Queen
#660 Posted : Monday, November 22, 2021 2:08:29 PM
Rank: Member


Joined: 11/21/2018
Posts: 561
Location: Britain
Sir invest wrote:
Anyone with the inside information on what is happening at Safaricom??


There is no inside information, everything is in the public domain. After Safaricom entered the Ethiopian market, civil strife happened.
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