Ndindi Nyoro goes ballistic over GoK Safaricom sale

[Modesty Blaise]

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Claims GoK losing 77B.  From 240B sale.

He is getting this figure from stock price - KSh 34 (GoK sale price) vs 45 (Nyoro price).

[Modesty Blaise]

I can't read his game. His punch has been Ruto is inefficient - Kibaki built better infra without major debt.

Now he is opposing Kibaki's prime method - selling GoK stake in private firms.

[Kadudu]

Sorry to say that Ndindi Njoro is very incoherent. On the sale of Safaricom, what is his point? Why demand only the residents of Nakuru should use the new road for free? I thought all Kenyans pay taxes, or are there some exemptions?

[Modesty Blaise]

He picked Nakuru residents as an example because the route is through there.

He is a man on a mission. A one-man opposition. But I think he is on ketamine the way he chokes like Elon Musk.
I saw a news feature saying the opposition has abandoned issue-based politics. Nyoro is carrying Kenya on his shoulders and it shows.

[gout]

The government has given up Sh15.5 billion worth of future dividends from Safaricom in a rush to receive an upfront payment of Sh40.2 billion on the 20 percent stake it will retain in the company after selling part of its shares to South Africa's Vodacom Group.

It has now emerged that the National Treasury has sold the right to receive future dividends of Sh55.7 billion to Vodacom at the price of Sh40.2 billion, effectively giving the latter a discount of 27.8 percent.

The accelerated dividend payout to the government is part of the deal with the multinational, which will also buy a 15 percent stake in Safaricom from the Treasury for Sh204.3 billion or Sh34 per share through its Kenyan investment vehicle known as Vodafone Kenya.

The dividend discount has been disclosed by Vodacom to its shareholders via the official disclosures bulletin of the Johannesburg Stock Exchange (JSE), but the Sh55.7 billion amount was omitted by the Treasury and Safaricom in notices to Kenyan investors.

"Vodafone Kenya has agreed to buy the right to receive future Safaricom dividends amounting to Sh55.7 billion (7.4 billion rands), that would have accrued to the government of Kenya on its remaining shares in Safaricom for an upfront payment of Sh40.2 billion (5.3 billion rands)," said Vodacom in its disclosure.

The government's stake in Safaricom will drop from the current 35 percent to 20 percent, with the Treasury leveraging future dividend entitlement on the residual stake to get more cash in the transaction.

https://www.businessdailyafrica.com/bd/economy/treasury-gives-up-sh15bn-in-race-for-safaricom-dividends-5287112

[Modesty Blaise]

Ndindi continue to run circles on Mbadi

Tough questions on sale of 15% Safaricom shares to Vodacom

[Modesty Blaise]

Ndindi insists Safaricom sale is a raw deal

Ndindi Nyoro exposes Ruto

[Modesty Blaise]

MPs are collecting public views on the sale... led by Molo Kimani Kuria.

Seems people still want Safaricom split into call network, M-PESA, etc.
Now that Starlink is here Safaricom has Big Tech competition and should be given all leeway by GoK.

[Nowayhaha]

Starlink will need mobile operators to function .
Kenya needs to do a Kibaki and empower a new operator
Ruto has taken money from butes of KPL and Safcom and he is using it to buy the Wamuchombas and Koibis

MPs are collecting public views on the sale... led by Molo Kimani Kuria.

Seems people still want Safaricom split into call network, M-PESA, etc.
Now that Starlink is here Safaricom has Big Tech competition and should be given all leeway by GoK.

[Modesty Blaise]

In a few years most smartphones will support satellite not just cellular.
So Starlink will not need local operators for long.

However the government can deny Starlink frequencies -
that way local telcos could be saved by GoK by regulation, not technology.

Realistically what will happen,
people will have a Safcom simcard in a satellite phone
so Safcom will lose data + international + roaming revenues.

Telco lunch will be eaten soon.

Starlink will need mobile operators to function .
Kenya needs to do a Kibaki and empower a new operator

[KenyanPlato]

Nyoro is coward. Cowards die a million times

[Modesty Blaise]

Nyoro is coward. Cowards die a million times

Yes Ndindi is a brilliant coward. Trying to avoid stepping on toes.

He dilly-dalliied with forming a party - but RiggyG constantly claims a "red wheelbarrow" is about to be formed in Murang'a. 

Ndindi will most likely defend his MP seat as an independent.

Kang'ata will join DCP.