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Forum => Kenya Discussion => Topic started by: RV Pundit on January 19, 2018, 09:18:01 AM

Title: Safaricom @30 - now worth nearly 12B dollars.
Post by: RV Pundit on January 19, 2018, 09:18:01 AM

http://www.theeastafrican.co.ke/business/Safaricom-hits--11-7-billion-value-in-New-Year-rally/2560-4267012-9918xxz/index.html

Title: Re: Safaricom @30 - now worth nearly 12B dollars.
Post by: Nefertiti on January 19, 2018, 12:05:43 PM

Anything on Equity? What happened to the boycott??

Title: Re: Safaricom @30 - now worth nearly 12B dollars.
Post by: hk on January 19, 2018, 04:55:19 PM

pundit,
Why does the government insist on holding huge chunks of profitable companies that can be easily be unloaded to the market? Yet every year treasury is scrambling to get expensive syndicated loans? Safaricom, kengen, kplc, centum, national bank, consolidated bank,portland cement, national oil etc. its probably for political reasons to reward cronies. One of the biggest disappointment of uhuruto is lack of parastals and government investment reforms.

Title: Re: Safaricom @30 - now worth nearly 12B dollars.
Post by: RV Pundit on January 19, 2018, 05:48:58 PM

Exactly - doesn't make sense. GoV should invest in start ups and other business that are strategic but struggling. With safaricom - they will make money from taxes. It for reward of cronies and corruption opportunity - to become suppliers of these big profitable cash cows.

Quote from: hk on January 19, 2018, 04:55:19 PM

pundit,
Why does the government insist on holding huge chunks of profitable companies that can be easily be unloaded to the market? Yet every year treasury is scrambling to get expensive syndicated loans? Safaricom, kengen, kplc, centum, national bank, consolidated bank,portland cement, national oil etc. its probably for political reasons to reward cronies. One of the biggest disappointment of uhuruto is lack of parastals and government investment reforms.