Safaricom @30 - now worth nearly 12B dollars.

[RV Pundit]

• Tweet

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

[Nefertiti]

Anything on Equity? What happened to the boycott??

[hk]

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.

[RV Pundit]

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.

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.