WHoa.
Am sure there will be someone to pick it up.
It is a bad sign... Safaricom has been in free fall for over a year. There is basically nothing exciting nor future-facing. The market cap is below the IPO level.
530B ksh or $3.5B ... IPO was $5B if I recall correctly.
I tried to analyze and fell asleep. Nothing good is in the works. Starlink is about to eat data AND voice business. Only M-Pesa ground game is bankable - the agency network - it has some staying power. But not for long.
Safaricom is looking more like a utility company. Mpesa lipa na Mpesa can be disrupted by a fintech company that can lay an app on top of pesalink. Pesalink is like plaid https://plaid.com/, connecting bank accounts.
Safaricom analysis is easy like a Sunday morning.
2 products - calls & data, mobile pay.
50 engineers.
0 platforms.
With their cash muscle and brand they still have a window that is swiftly narrowing. We used to discuss here with RV Pundit, about why Safaricom cannot build something past the unidirectional M-Pesa, it can only do so much.
They ought to have their Netflix, GMail, AWS by now. I mean just copy AWS or Facebook vertical integration with their own satellites, AI platform, XR hardware, etc.
They could even open a lab in Bangalore or London or Bay Area - nothing but lack of imagination stops them.
The worst part, is that you will find Tusker dwarf is rated highly and pampered with benefits - 👀👀👀 - for delivering nothing.
Topic: US investor dumps Safaricom (Read 448 times)