Safaricom rising due to the positive news they are bringing on their venture to Ethiopia.

Equity share price unmoved-the dividend payout below the expectations and promise they made to investors.
Profits have been boosted by clawing back provisions made in FY2020,equity is the highest so far of all banks that have reported FY results.

There are many factors that go into share prices on a particular day and time. This is why some folks love technical trading and others like me find it gobbledygook.

I would rather buy for fundamentals and enjoy a drink!

I really like Equity for the future growth at a reasonable price.
Saf can really grow in Ethiopia but the pricing is high and when the Ethiopians see the profits they will find ways of taxing Saf.

Good luck when the Ethiopians see Saf making 20% ROI in $.

Safaricom voice market share now at 70.4% . It's users called for over 14.5 billion minutes

https://www.businessdail...ethiopian-rival-3787830
Safaricom will access the giant network of Ethiopian State monopoly Ethio Telecom allowing the telco to roll out its services across the vast Horn of Africa nation.

This follows an Ethiopian government-backed deal that paves the way for Safaricom to start commercial operations in the market of 110 million people, Safaricom Ethiopia officials now say.

“The deal is very important and critical for our commercial viability and launch. Hopefully (we will launch) soon but we don’t have a date yet,” Safaricom chairman Michael Joseph told the Business Daily.

Under the deal, whose financial terms are yet to be publicly revealed, Ethio Telecom will provide Safaricom Ethiopia with access to cell sites, masts and other active elements such as network roaming.

Local reports said under the agreement Safaricom will use both the US dollar and Ethiopian local currency the Birr as payment currencies for infrastructure access.

“The ratio can be 70/30 for certain infrastructure leases, while it can be 40/60 for others. The main objective is to make certain a return on investment from the infrastructure built with public money,” Mr Balcha said.