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Safaricom 2019/2020
Ericsson
#681 Posted : Wednesday, February 23, 2022 10:39:03 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
Kenya’s Safaricom launches first data center in Ethiopia

Kenyan telecoms operator Safaricom took another step towards commencing its commercial operations in Ethiopia by launching its first data center in the capital, Addis Ababa.

The 100 million U.S. dollar facility was assembled in China by Huawei and Nokia.
It was deployed less than a year after a Safaricom-led consortium, which includes Vodafone and Japan’s Sumitomo, was granted a mobile operating license by the Ethiopian government.

Safaricom chief external affairs and regulatory officer Matthew Harvey hailed the data center’s launch as a significant milestone in the consortium’s efforts to begin operations in Ethiopia in April.

The facility is built on tier three standards and is the size of a shipping container. Tier four is usually the most advanced and is rare.

“The Ethiopian government has affirmed that it intends to allow the consortium to provide digital financial services after establishing an environment that is conducive for competition instead of monopolization by global corporations like Safaricom.”

Safaricom aims to invest more than 8.5 billion U.S. dollars in Ethiopia over the next 10 years.

The launch of the data center, however, is not the only major step the telecoms giant has made in recent times.

“On February 5, the first successful voice call was made using Safaricom’s network with the code ‘07’. Text messaging, internet access, and other network services followed successfully,” Safaricom Ethiopia’s chief technology officer, Pedro Rabacal said.

Safaricom plans to launch two more data centers, another in Addis Ababa and one in Adama and put up more than 7,000 network towers to reach half of Ethiopia’s population of more than 100 million people.

Safaricom also hopes to create 1.5 million job opportunities through multiple supply chains.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#682 Posted : Monday, February 28, 2022 1:00:56 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
https://www.businessdail...-to-share-towers-3731570
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#683 Posted : Thursday, March 10, 2022 6:58:16 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
Safaricom has today announced that M-Pesa has crossed 30 million customers using the service every month in Kenya.
The telco's chief executive Peter Ndegwa announced Thursday that Kenya accounted for more than 30 million of the platform’s 51 million customers across the region.

Mpesa has a market share of 88% of Mobile money 💰customers
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#684 Posted : Friday, March 11, 2022 9:11:52 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
Safaricom has taken employees back to Ethiopia to step up preparations for the commercial launch of its operations on the back of easing tensions.

The telco, which in November last year evacuated its employees from the Horn of Africa country due to armed conflict and civil unrest, now says the staff are back.

“Staff returned early January already and work is progressing well,” said Safaricom Chairman Michael Joseph in response to a query from The Standard.
The staffing removes fears of delay in timelines for the telco, which plans to start Ethiopia operations this year.
It will compete with Ethio Telecom — the only telecommunications firm in the market. Safaricom has up to mid this year to launch its operations based on licence obligations.

It targets to start with 1,000 sites and hit 10,000 sites by 2032 as it pursues a strategy of own and shared sites to expand. It had evacuated its staff at the time a number of countries, including the US, had asked their citizens to leave as Tigrayan rebel forces advanced towards the capital Addis Ababa.
But Ethiopia’s parliament mid last month voted for an early end to a six-month state of emergency in light of improving security conditions in the country. Safaricom Chief Executive Peter Ndegwa had expressed fears in November that the civil unrest would interfere with the launch date.

“Over the next couple of weeks...we will be able to assess the situation and understand if it impacts our ability to launch,” he said then.

Safaricom has already tapped a Sh45.6 billion ($400 million) bridge loan to fund early costs and hopes to break even in the fourth year of operation.

The Safaricom-led consortium which also includes Vodacom and Vodafone—was in May last year granted a telecommunication licence for Ethiopia following a Sh96.9 billion ($850 million) bid.

https://www.standardmedi...ethiopia-ahead-of-launch
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#685 Posted : Friday, March 18, 2022 4:33:56 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
Safaricom is considering turning MPESA into a subsidiary,says Safaricom Chairman Michael Joseph.
No timetable has been set yet for turning the business into a subsidiary.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
My 2 cents
#686 Posted : Friday, March 18, 2022 5:11:17 PM
Rank: Member


Joined: 6/2/2010
Posts: 893
Ericsson wrote:
Safaricom is considering turning MPESA into a subsidiary,says Safaricom Chairman Michael Joseph.
No timetable has been set yet for turning the business into a subsidiary.


More like they are being made to by CBK.
Ericsson
#687 Posted : Monday, March 21, 2022 10:08:01 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
Safaricom Ethiopia;

As we continue to build a new network in Ethiopia, investments in infrastructure and strategic partnerships are being prioritized to ensure high-speed internet access is made available to all homes & businesses across the country to enable a Digital Ethiopia.
“We are proud to be partnering with the EEU to achieve this. Through this win-win partnership, we are empowered with the right tools to continue building the network backed by solid infrastructure & support from the public sector,” Anwar Sousa,CEO Safaricom Ethiopia.

Together with Ethiopian Electric Utility (EEU) we have signed a three-year pole lease agreement, to enable aerial fibre installation through the existing poles infrastructure in Addis Ababa and across the country. Aerial cabling is easier to repair and deploy across the country.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#688 Posted : Tuesday, March 22, 2022 11:10:23 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,811
Location: Nairobi
Instead of reducing taxes on M-Pesa charges, GoK wants Safaricom to lower M-Pesa charges.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
My 2 cents
#689 Posted : Tuesday, March 22, 2022 12:48:29 PM
Rank: Member


Joined: 6/2/2010
Posts: 893
VituVingiSana wrote:
Instead of reducing taxes on M-Pesa charges, GoK wants Safaricom to lower M-Pesa charges.


If taxes are a % of the levies, doesn't the reduction in MPESA charges translate to decreased collected taxes.
My 2 cents
#690 Posted : Tuesday, March 22, 2022 12:50:25 PM
Rank: Member


Joined: 6/2/2010
Posts: 893
What a strange market we have.

Safaricom - In the news, Govt to reduce MPESA charges - stock price rises.
Equity - In the news, bumber profits - stock price shrugs it off. Unchanged.
Ericsson
#691 Posted : Tuesday, March 22, 2022 2:27:33 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
My 2 cents wrote:
What a strange market we have.

Safaricom - In the news, Govt to reduce MPESA charges - stock price rises.
Equity - In the news, bumber profits - stock price shrugs it off. Unchanged.


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.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#692 Posted : Wednesday, March 23, 2022 9:22:53 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,811
Location: Nairobi
My 2 cents wrote:
VituVingiSana wrote:
Instead of reducing taxes on M-Pesa charges, GoK wants Safaricom to lower M-Pesa charges.


If taxes are a % of the levies, doesn't the reduction in MPESA charges translate to decreased collected taxes.

Do you trust GoK not to increase the excise taxes on the lower charges?
Winner: GoK

Lower charges may spur more volumes but lower margins for Safcom. GoK ends up with the same amount.
Loser: Safcom shareholders
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#693 Posted : Wednesday, March 23, 2022 9:32:00 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,811
Location: Nairobi
My 2 cents wrote:
What a strange market we have.

Safaricom - In the news, Govt to reduce MPESA charges - stock price rises.
Equity - In the news, bumber profits - stock price shrugs it off. Unchanged.
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.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#694 Posted : Friday, March 25, 2022 11:26:39 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
VituVingiSana wrote:
My 2 cents wrote:
What a strange market we have.

Safaricom - In the news, Govt to reduce MPESA charges - stock price rises.
Equity - In the news, bumber profits - stock price shrugs it off. Unchanged.
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.


Ksh.25bn pre tax profit is not too much to ask or that will raise eyebrows from Ethiopians.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#695 Posted : Saturday, March 26, 2022 11:54:19 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,811
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
My 2 cents wrote:
What a strange market we have.

Safaricom - In the news, Govt to reduce MPESA charges - stock price rises.
Equity - In the news, bumber profits - stock price shrugs it off. Unchanged.
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.


Ksh.25bn pre tax profit is not too much to ask or that will raise eyebrows from Ethiopians.
Good luck when the Ethiopians see Saf making 20% ROI in $.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#696 Posted : Wednesday, March 30, 2022 4:09:36 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
Safaricom & Gulf African Bank launch Halal Pesa, a Shari’ah-compliant mobile financing solution. Customers accessing financing through the service will receive the amount requested in full with a repayment period of 30 days at a 5% commodity Murabaha margin.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#697 Posted : Wednesday, March 30, 2022 4:10:46 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
Safaricom voice market share now at 70.4% . It's users called for over 14.5 billion minutes
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#698 Posted : Monday, April 11, 2022 12:31:55 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
https://www.businessdail...or-ethiopia-unit-3775072
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#699 Posted : Thursday, April 21, 2022 12:29:49 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
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.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#700 Posted : Friday, April 22, 2022 10:20:27 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,811
Location: Nairobi
Ericsson wrote:
Safaricom & Gulf African Bank launch Halal Pesa, a Shari’ah-compliant mobile financing solution. Customers accessing financing through the service will receive the amount requested in full with a repayment period of 30 days at a 5% commodity Murabaha margin.
Laughing out loudly Laughing out loudly Laughing out loudly Fuliza tu with a different name.
5% for 30 days even if not compounded is 60%/year
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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