Author Topic: Safaricom @30 - now worth nearly 12B dollars.  (Read 749 times)

Offline RV Pundit

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Safaricom @30 - now worth nearly 12B dollars.
« 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

Offline Nefertiti

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Re: Safaricom @30 - now worth nearly 12B dollars.
« Reply #1 on: January 19, 2018, 12:05:43 PM »
Anything on Equity? What happened to the boycott??
I desire to go to hell and not to heaven. In the former place I shall enjoy the company of popes, kings, and princes, while in the latter are only beggars, monks, and apostles. ~ Niccolo Machiavelli on his deathbed, June 1527

Offline hk

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Re: Safaricom @30 - now worth nearly 12B dollars.
« Reply #2 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.

Offline RV Pundit

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Re: Safaricom @30 - now worth nearly 12B dollars.
« Reply #3 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.
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.