Its now official. Its profitable (very), to do business in Kenya-just ask Safaricom. PBT rose 40% to ksh17bn, subscribers are forecast to reach 8million ( 25% of all Kenyans-not sure how they distinguish new and repeats subscribers) and Kimunya must be salivating at the prospect of doing the IPO later this yr.
The IPO is almost certain to be this year because you can just imagine the smile on voters as they walk into that voting booth thinking I got 100 Kengen Shares, 100 Safaricom shares, kweli Kibaki ni kingothi.
4 comments:
Maina good things are going on in Kenya.Trust me.
Michael, when you consider the mobile telephony and has it has grown, you know we can do things. An average cellphone costs ksh2k while the average daily income fopr most Kenyans is ksh70 per day. Sowe saying Kenyans will make sacrifices to progress. Safaricom have just done the basics right, they have wide coverage (taken their product to the mwananchi) and have kept changing their prices. Equity have done something similar i.e. taken their product to the mwananchi.
I don't see why Safcom has not entered the internet segment. The company has a lot of room for growth.
Ssem, they have at least via 3G. They are launching that service so guys can start flossing their Blackberry int eh next couple of weeks.
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