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24 Pages«<2021222324>
Safaricom 2019/2020
Ericsson
#421 Posted : Wednesday, October 07, 2020 5:20:23 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,102
Location: NAIROBI
https://www.ericsson.com...its-4g-network-in-kenya

The data race is getting hot
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#422 Posted : Thursday, October 08, 2020 9:25:26 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,102
Location: NAIROBI
obiero wrote:
Ericsson wrote:
100 million shares traded today.
The downward journey begins.

Inevitable


Share price behaviour post half year results release is what to watch out for.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#423 Posted : Thursday, October 08, 2020 10:29:03 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,851
Location: nairobi
Ericsson wrote:
obiero wrote:
Ericsson wrote:
100 million shares traded today.
The downward journey begins.

Inevitable


Share price behaviour post half year results release is what to watch out for.

There's literally no company that hasn't been affected negatively by C19
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Angelica _ann
#424 Posted : Thursday, October 08, 2020 10:36:34 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,714
obiero wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
100 million shares traded today.
The downward journey begins.

Inevitable


Share price behaviour post half year results release is what to watch out for.

There's literally no company that hasn't been affected negatively by C19


BAT smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
murchr
#425 Posted : Thursday, October 08, 2020 4:02:40 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,853
obiero wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
100 million shares traded today.
The downward journey begins.

Inevitable


Share price behaviour post half year results release is what to watch out for.

There's literally no company that hasn't been affected negatively by C19



Has this downward trend happened? Technology stocks around the world are the least affected by C19. If you think Safaricom just sells airtime, then you are still stuck in 2002
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Ericsson
#426 Posted : Friday, October 09, 2020 2:16:52 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,102
Location: NAIROBI
Safaricom overtakes Zuku to take pole position in the residential internet business.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#427 Posted : Friday, October 09, 2020 5:00:18 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,851
Location: nairobi
murchr wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
100 million shares traded today.
The downward journey begins.

Inevitable


Share price behaviour post half year results release is what to watch out for.

There's literally no company that hasn't been affected negatively by C19



Has this downward trend happened? Technology stocks around the world are the least affected by C19. If you think Safaricom just sells airtime, then you are still stuck in 2002

Sasa nani ameongea kuhusu airtime hapa
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
obiero
#428 Posted : Friday, October 09, 2020 5:01:54 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,851
Location: nairobi
Angelica _ann wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
100 million shares traded today.
The downward journey begins.

Inevitable


Share price behaviour post half year results release is what to watch out for.

There's literally no company that hasn't been affected negatively by C19


BAT smile

The revenue must have dipped for sure.. Await the results
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Ericsson
#429 Posted : Sunday, October 11, 2020 8:39:39 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,102
Location: NAIROBI
https://www.standardmedi...e-signals-traders-income
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kmucheke
#430 Posted : Monday, October 12, 2020 2:20:57 PM
Rank: Member


Joined: 3/16/2019
Posts: 227
Ericsson wrote:
https://www.standardmedia.co.ke/rift-valley/article/2001389529/new-mast-boosts-phone-signals-traders-income


This is a project with a very positive impact.

Hope GoK technocrats can learn from these and invest in such projects.
Ericsson
#431 Posted : Wednesday, October 14, 2020 9:39:21 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,102
Location: NAIROBI
Half year 2020/21 results announcement is on 9 November 2020
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kmucheke
#432 Posted : Thursday, October 15, 2020 11:28:12 AM
Rank: Member


Joined: 3/16/2019
Posts: 227
Ericsson
#433 Posted : Wednesday, October 21, 2020 11:11:51 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,102
Location: NAIROBI
https://www.businessdail...tions-jump-99pc-2482364

Safaricom business fiber connections jump 99%
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#434 Posted : Friday, October 23, 2020 9:28:27 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,102
Location: NAIROBI
https://businesstoday.co...rope-in-kenyan-viewers/

Netflix eyes Mpesa to rope in Kenyan viewers
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#435 Posted : Saturday, October 24, 2020 3:58:25 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,102
Location: NAIROBI
https://kenyanwallstreet...it-at-ksh-78-7-billion/

Citi Research forecasts that giant telco firm, Safaricom, net profit will to rise from KSh 74.7 Billion posted in the year ended March 31st, 2020 to KSh 78.7 Billion in 2023.

According to an analysis by Citi Research, part of the Citigroup Global Markets Limited, Safaricom is a growth story with earnings driven by M-Pesa and data revenue growth.

“We are optimistic in our outlook for M-Pesa growth, and see merchant payments and digitalization of trade as opportunities ahead.

Competition should remain elevated going into the 2021/22 financial years; however, we see this as a source of short-term pressure on growth, in the longer term we see the case for competition to be rational,” said Citi Research.

Analysis from Citi also projects that Safaricom’s Net Profit for the financial year ended 31st March, 2021 will decline to KSh 54.1 Billion before picking up again to KSh 74.22 Billion in 2022.

A slump in Safaricom net profit for the financial year ended 31st March 2021 is attributed to action taken by the Central Bank of Kenya (CBK) to waiver transaction fees for several mobile cash services, as a cushion against effects of coronavirus pandemic on firms and households.

Tracking data published by the Central Bank of Kenya (CBK), Communication Authority of Kenya and two publicly listed banks, KCB and Equity, Citi says the volume of digital loans has declined, hurting revenues of banks and telcos.

“The number of digital loans declined in Q2,2020, based on data from KCB, which is one of Safaricom partners in micro lending i.e. KCB M-Pesa and Fuliza overdrafts. KCB also reported an increase in rollover requests and NPLs,” said Citi Research.

Waiver of fees on transactions below KSh 1,000 has also denied telcos, including Safaricom, revenue from mobile cash transfers.

Citi research shows a fall in average value of person to person(P2P) transactions to KSh 1,300 from KSh1500 quarter on quarter. The trend is likely to have been driven by the tendency of wallet users to break down transactions to below the chargeable threshold of KSh1,000.

Value Point of Sale (PoS) transactions also declined in Q2,2020, which Citi thinks is a reflection of limited working hours of formal trade as a result of night curfews and earlier travel restrictions.

Growth in agency transactions, which include deposits and withdrawals, declined through to June 2020.

Growth tends to correlate with Purchase Managers Index (PMI) data, which points to a contraction of the economy that has seen a decline in demand, production and temporary and or permanent cost optimization between January and July 2020.

“Decline in agency transactions appears to have been driven by a decline in cash withdrawals. Mobile money deposits grew 4% quarter on quarter in Q2,2020, which points to mobilization of cash into wallets.

Cash withdrawals, based on the data reported by financial institutions, declined through 1H20/ 2Q20,” said Citi. In its outlook, Citi outlines several risks that Safaricom faces. These include intense competition as regulators support smaller players.

If agent (float) interoperability is considered at some point in future, this could undermine the competitive advantage of M-Pesa.

Safaricom could also experience faster-than-expected pressure on its voice revenue as data usage picks up, and smartphone penetration rises. Other risks include entry of international payment platforms, which could use pricing as a way to gain market share, shaking the tree on which Safaricom is perched.

Citi analysts have recommended a buy for Safaricom shares, which it has set a target price of KSh 33.1
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#436 Posted : Tuesday, November 03, 2020 12:58:26 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,102
Location: NAIROBI
https://www.standardmedi...man-says-safaricom-boss

Seven months into the job, Safaricom Chief Executive Peter Ndegwa (pictured) still fights to be his own man, and rightly so.

Filling the giant shoes left by the two business titans who shaped the telco into a Sh1.2 trillion corporate behemoth is a tall order.
As he charts his vision for Safaricom, the domineering influences of Michael Joseph and the late Bob Collymore shadow his every move.

“People have asked me, how do you follow MJ (Michael Joseph) and the late Collymore,” said Ndegwa.
“I kind of feel a sense of responsibility, but I also need to be myself. I need to lead as Peter Ndegwa.”

Last week, Safaricom hit 20 years. Ndegwa, who took over the reins in April amid the coronavirus uncertainty, is the man set to define the next chapter for East Africa’s most profitable firm.

But how exactly does he do this in light of what his predecessors achieved?
Ndegwa runs a firm that has since become woven deep into the Kenyan psyche, even forming part of the country’s lingua franca and most aspects of daily life.

There’s a generation that doesn’t remember Kenya without Safaricom.

At Safaricom’s 20th birthday celebrations, with the caution of a keenly watched man, Ndegwa laid out his vision for the firm and offered a glimpse into what the next decade might look like. Interestingly, Safaricom bosses seem to come in decades. Started in 2000, founding boss Joseph left in 2010 and handed over the mantle to the late Collymore.

He, however, came back in July last year as interim chief executive following the death of Collymore after a long battle with cancer.

During Joseph’s tenure, he was credited for key innovations such as M-Pesa and oversaw the company’s Initial Public Offer (IPO) when it listed at the Nairobi Securities Exchange (NSE). Many investors expected immediate share price rally, but it took a while before it climbed to Sh30.85 up from the IPO price of Sh5.

During Collymore’s “magical decade,” M-Pesa became the backbone of Kenya’s digital economy and the force behind remarkable financial inclusion in the country. Collymore also saw Safaricom cross the 30 millionth customer mark and became the firm’s biggest market capitalisation on the Nairobi Securities Exchange (NSE), becoming more valuable than the top 10 banks combined.

It was also an era that saw its share price hit an all-time high of Sh30 since listing in 2008.

Joseph is known for his straight-shooting style, while Collymore was the cool guy next door, who popularised jazz music and the arts. Ndegwa likes to keep off the limelight, burying himself in his work and eschews the media, something he might have to adjust owing to the nature of Safaricom’s business.

“I’m well trained, that’s why I can’t say anything. Also, Steve is sitting here looking at me,” Ndegwa brushed off a prying question from a journalist during last week’s 20th-anniversary celebrations in Nairobi.

He was referring to Stephen Chege, Safaricom Chief Corporate Affairs Officer, alluding to the fact that he had undergone intensive “coaching” on how to deal with journalists and field questions from investors.

Joseph, who describes Safaricom as his baby, is keenly watching from the sidelines, a fact that Ndegwa acknowledged.

“I always tell MJ I won’t be MJ, although we agree on many things,” he told a packed audience.

When Safaricom was being founded, Ndegwa was in the UK having just finished his postgraduate studies at the London Business School. Perhaps he never imagined in his wildest dreams that he’d someday run the firm which sold him his first phone when he returned to Kenya.

“At that time, having completed my postgraduate studies at London Business School, looking to a great career in future, I remember the younger Michael Joseph,” he said.

Collymore’s replacement, whose search had begun two years prior to his death owing to the illness, was bound to be difficult with a lot of interests at play from the shareholders.

Currently, the shareholding structure for the listed telco consists of the Kenyan government and South Africa’s Vodacom at 35 per cent, UK’s Vodafone at five per cent and a free float at 25 per cent. The government had been pushing for a local chief executive.

With Collymore’s appointment also, there had been a lot of intrigues.

Joseph last year opened up on the events leading to his appointment after a two-year search and the resistance to the choice. The Kenya Airways board chairman, who at some point broke down as he remembered Collymore, said after a decade at the helm of the telco, he’d gotten “bored” and knew the right time to pick a successor had come.

Joseph firmly believed that Collymore was the right man to steer the telco into the next phase. However, Safaricom’s board and senior people within Vodafone thought otherwise, feeling Collymore was too inexperienced.

He said his style of management – ruling with an iron fist – was no longer a fit for the company.

“My staff will tell you I’m not a believer in democracy. It’s my way or the highway,” he said during the telcos 19th anniversary celebrations last year.

Joseph said he was confident that Collymore embodied the DNA of Safaricom and would continue what he’d started.

Amid the intense scrutiny and unending comparisons, Ndegwa has proved a formidable corporate executive with a trail of success to boot. He describes himself as “customer-obsessed,” citing it as a key enabler of his vision for Safaricom.

“I’ve worked in business for a long time. It’s only by looking after our customers, anticipating their needs by serving them well that we can become a sustainable business. We are 20 years old and want to be 100,” he said.

Ndegwa joined Safaricom with experience of over 25 years, working for top multinationals across the world.

He was headhunted from global beer and alcohol giant Diageo where he served as managing director of Diageo Continental Europe, the first African to hold the position.

At EABL, which he joined in 2004, Ndegwa is credited for the development of an affordable beer strategy that became a top earner for the brewer.

He is behind the popular Senator keg. This understanding of the bottom end market is crucial. It is also what propelled Safaricom to profits, with the telco cutting a niche for creating products tailored for the common man since its early days.

For the next decade, Ndegwa said, the new vision for Kenya’s biggest telco is one of a “purpose-led technology company”. At the celebrations last week, he kept repeating the phrase “going beyond.”

Ndegwa wants to propel Safaricom beyond its core business of connectivity to a broader technology company crucial to sectors such as agriculture, health and education.

“We want to go into what we are calling new digital echo systems and empower farmers, policyholders in health and students,” he said. The firm is also set to employ advanced analytics and machine learning to “anticipate customer needs and target what they want”.

This decade might also see the telco expand regionally. Plans are already underway for Safaricom’s entry into Ethiopia, which is liberalising its telecoms sector. Here it sees a launchpad to Africa. “In the next five years, we want to be known as an African brand that has gone beyond its origins,” said Ndegwa.

Another key area for growth, he said, is offering micro, small and medium enterprise support not only through business solutions, but also ICT such as the cloud or the internet of things (IoT). Ndegwa, a certified accountant, inherited a well-established company.

Safaricom’s net profit for the full year ended March this year jumped 19.5 per cent to Sh74.7 billion.

As Kenya’s biggest telco, it enjoys a 65 per cent market share and serves 35 million customers. Amid claims of being a monopoly, and market rivals gaining an edge, Safaricom can’t sit pretty.

A scuttled merger between rivals Airtel and Telkom had been touted as a serious game changer. Though it insisted competition was not the reason, Safaricom last year renewed its strategy, including scrapping the expiry of data bundles, airtime for voice calls and text messages.

Observers will be keenly monitoring how Ndegwa further grows M-Pesa, which accounts for a third of the telco’s revenues. Last year, Safaricom launched Fuliza, an overdraft facility allowing consumers to complete M-Pesa transactions even with insufficient funds in their mobile wallets.

In the 2020 financial year, the telco disbursed loans amounting to Sh245 billion through Fuliza – a growth of more than 10 times over the same period in the previous year.

Ndegwa said M-Pesa had added two million customers in the last seven months as people went cashless owing to Covid-19. M-Pesa now has a 27-million customer base and averages 21 million transactions daily, he said.

For Ndegwa, a key area to further grow M-Pesa is through the merchants and small businesses. He said before Covid-19, the money transfer service had 150,000 Lipa na M-Pesa merchants and is now about to cross the 250,000 mark.

In the coming days, Safaricom is set to release its half-year financial results, which experts project will jump 11 per cent driven by fixed service and mobile data revenue.

M-Pesa revenues are expected to decline by 4.3 per cent year-on-year, according to a forecast by KCB Capital. The fall is attributed to the zero-rating of person to person transactions below Sh1,000 – which end this year – as well as zero-rated charges on hospitals and dispensaries and free bank to/from M-Pesa transactions.

Safaricom accounts for about half of the market share of incoming international money transfers. Ndegwa believes now is the time to take M-Pesa to the rest of Africa.

“M-Pesa has been primarily a Kenyan business with an international money transfer services arm. We want to make sure that it’s the financial services platform for Africa,” he said.

He also hopes to “democratise” M-Pesa payments, having enabled interoperability with various platforms such as Visa and also beefing up security and investing in future technology.

Another area is data, with Safaricom targeting to achieve a 100 per cent 4G access across the country by December and 100 per cent in 5G access in the next five years.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#437 Posted : Tuesday, November 03, 2020 3:25:33 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,102
Location: NAIROBI
https://businesstoday.co...ces-in-safaricom-board/

Changes to the board of Safaricom PLC took effect on Sunday, November 1, with two career executives appointed as directors.

The appointments of Raisibe Kgomaraga Marathi and Dilip Pal were confirmed in a statement by Company Secretary Kathryn Maundu.

Coming from the financial services world, Raisibe has over 26 years experience working with corporates in Africa including Nedbank Group, Sanlam Group and the Industrial Development Corporation.
Raisibe was appointed the Chief Financial Officer and Executive Director of Vodacom Group with effect from Sunday, November 1.
She joined Vodacom from the Nedbank Group where she had served as the Chief Financial Officer (CFO) since September 2009.
Raisibe is a Chartered Accountant (SA) and completed an Advanced Management Programme (AMP) with INSEAD (France). At Nedbank, she was also the Patron of the Nedbank Women’s Forum.

Dilip Pal, on the other hand, will serve as an alternate director to Safaricom CEO Peter Ndegwa after his appointment as Chief Financial Officer (CFO) took effect on Sunday, November 1.

Pal took over as CFO from Sateesh Kamath, who left the telco in July 2020.

Prior to joining Safaricom, Pal was the CFO at DTAC Thailand, the third-largest GSM mobile phone provider in Thailand.

He joined DTAC Thailand after three years as the CFO of Grameenphone Bangladesh.

Pal has previously worked with Vodafone in India, and rose to become Executive Vice President (EVP) Finance in Mumbai.

He has also served in finance roles in organizations including Hutchinson Essar, Hindustan Coca Cola Beverages and Tata Tinplate.

Pal holds a Bachelor of Commerce from Goenka College of Commerce and a Master’s in Commerce from Calcutta University.

Dilip Pal appointed CFO
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#438 Posted : Wednesday, November 04, 2020 8:49:15 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,102
Location: NAIROBI
https://addisstandard.co...nst-tplf-pm-abiy-ahmed/

Ethiopia expansion/entry in limbo
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
murchr
#439 Posted : Thursday, November 05, 2020 3:27:18 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,853
When are they announcing the FY21 results?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Ericsson
#440 Posted : Thursday, November 05, 2020 7:32:23 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,102
Location: NAIROBI
murchr wrote:
When are they announcing the FY21 results?


You shall know in February or March 2021,most likely first or second week of May
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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