He's just a turdYour initial comment was that "SafariCom is the UK's Vodafone subsidiary company. It has nothing to do with Kenyans."
Now you are shifting the goal post to Safaricom-Ethiopia vs Safaricom-Kenya. Of course Ethiopia and Ethiopians will benefit immensely from this deal. They will be getting $8Billion worth of investment but just so you know, whatever profits that Safaricom make in Ethiopia, 35% will go to GoK and another like 10% will go to Kenyan investors at the NSE with rest going to foreign investors. Also don't forget that cloud services that Safaricom provides to businesses will still have their physical servers hosted in Kenya, MPESA servers will also still be hosted in Kenya, so the more they expand in Ethiopia, the more they will need to expand their Data Center capacity which require more high skilled staff in Kenya.
Another thing you should also not forget is Safcom is listed at the NSE, so by expanding to Ethiopia, it will increase their profile causing investors to buy more shares thus increase the price per share raising the company's value... They could probably get an extra $300 - $500m at the NSE...money which will translate to more dividends to shareholders like GoK.
So whatever Safaricom does outside of Kenya has everything to do with Kenya, if they fail out there it could affect investor confidence not only for Safaricom stock price but all NSE listed firms in Kenya will tumble.
Ethiopia Awards Safaricom First Telecom License
Ethiopia Awards Safaricom First Telecom License
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He's just a turd
Geza Ulole
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Teargas
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This is an Indian Bank. Hakuna mtanzania hata moja with shares in that bank.
Kafrican
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Why would a Kenyan need to purchase yet another ATM card when his phone number is already an account that he/she can use to pay for appstore apps? Wacha kuturegesha nyuma bana.
Kafrican
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Like I said, The news of Safaricom getting a license in Ethiopia, raised it's profile at the NSE, Safaricom is now $800m richer, Yani ile pesa walituamia kununua hio leseni huko Ethiopia isharudi in under48 hours!!!!!! Na Kuna mtu amesema Safaricom Ethiopia has nothing to do with Kenya.
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Safaricom share hits record high on Addis permit
Safaricom shareholders’ paper wealth rose by Sh90.1 billion Monday as investors rushed to buy the company’s shares after it was awarded a licence to enter Ethiopia.
www.theeastafrican.co.ke
It marks one of the largest one-day gains on a single stock in the history of the Nairobi Securities Exchange (NSE).
The telco’s share price closed at a record average of Ksh41.75 ($0.39) from Friday’s Ksh39.50 ($0.37), giving it a market value of Ksh1.67 trillion ($15.5 billion), the highest since listing at the Nairobi bourse in June 2008.
Tony254
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I am predicting that Safaricom's share price will hit ksh 100 per share in the next 5-10 years.Like I said, The news of Safaricom getting a license in Ethiopia, raised it's profile at the NSE, Safaricom is now $800m richer, Yani ile pesa walituamia kununua hio leseni huko Ethiopia isharudi in under48 hours!!!!!! Na Kuna mtu amesema Safaricom Ethiopia has nothing to do with Kenya.
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Safaricom shareholders’ paper wealth rose by Ksh90.1 billion ($836.8 million) Monday as investors rushed to buy the company’s shares after it was awarded a licence to enter Ethiopia’s underserved telecoms market.Safaricom share hits record high on Addis permit
Safaricom shareholders’ paper wealth rose by Sh90.1 billion Monday as investors rushed to buy the company’s shares after it was awarded a licence to enter Ethiopia.
It marks one of the largest one-day gains on a single stock in the history of the Nairobi Securities Exchange (NSE).
The telco’s share price closed at a record average of Ksh41.75 ($0.39) from Friday’s Ksh39.50 ($0.37), giving it a market value of Ksh1.67 trillion ($15.5 billion), the highest since listing at the Nairobi bourse in June 2008.
Don YF
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Safaricom reveals ownership of Ethiopia venture
TUESDAY MAY 25 2021
Safaricom Plc CEO Peter Ndegwa during the telco's 20-year celebration at the Nairobi Serena Hotel on October 27, 2020. PHOTO | FILE | NMG
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By VICTOR JUMA
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Safaricom will own a majority stake in a series of companies formed for entry into Ethiopia’s telecoms market, giving the firm effective ownership of 55.7 per cent in the new venture.
The Nairobi Securities Exchange-listed company has disclosed the exact ownership structure of the consortium that on Saturday won a licence to enter the new market at a cost of $850 million.
Japan’s conglomerate Sumitomo Corporation is the second-largest investor with a 27.2 per cent stake, followed by UK’s sovereign investment fund CDC Group (10.9 per cent) and South Africa’s Vodacom Group (6.2 per cent).
Vodafamily Ethiopia Holding Company Limited, incorporated in England, will own Netherlands-registered Global Partnership for Ethiopia B.V. (GPE).
GPE will in turn own a new operating company in Ethiopia whose licence will run for 15 years, with the right to apply for an additional 15 years.
“As Safaricom will directly or indirectly hold more than 50 per cent equity stake in each of the consortium companies, each such consortium company will become a subsidiary company of Safaricom,” the telco said in a notice.
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“The consortium, through the operating company, intends to commence commercial operations in 2022.”
The use of multiple investment vehicles will give the venture flexibility in terms of more favourable taxation and debt financing.
The Safaricom group beat out a rival bid from a consortium led by South Africa’s MTN Group whose offer of $600 million was deemed too low by Ethiopian officials.
Don YF
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Haters wajinyonge tuSafaricom reveals ownership of Ethiopia venture
TUESDAY MAY 25 2021
Safaricom Plc CEO Peter Ndegwa during the telco's 20-year celebration at the Nairobi Serena Hotel on October 27, 2020. PHOTO | FILE | NMG
ADVERTISEMENT
By VICTOR JUMA
More by this Author
Safaricom will own a majority stake in a series of companies formed for entry into Ethiopia’s telecoms market, giving the firm effective ownership of 55.7 per cent in the new venture.
The Nairobi Securities Exchange-listed company has disclosed the exact ownership structure of the consortium that on Saturday won a licence to enter the new market at a cost of $850 million.
Japan’s conglomerate Sumitomo Corporation is the second-largest investor with a 27.2 per cent stake, followed by UK’s sovereign investment fund CDC Group (10.9 per cent) and South Africa’s Vodacom Group (6.2 per cent).
Vodafamily Ethiopia Holding Company Limited, incorporated in England, will own Netherlands-registered Global Partnership for Ethiopia B.V. (GPE).
GPE will in turn own a new operating company in Ethiopia whose licence will run for 15 years, with the right to apply for an additional 15 years.
“As Safaricom will directly or indirectly hold more than 50 per cent equity stake in each of the consortium companies, each such consortium company will become a subsidiary company of Safaricom,” the telco said in a notice.
Related
ADVERTISEMENT
“The consortium, through the operating company, intends to commence commercial operations in 2022.”
The use of multiple investment vehicles will give the venture flexibility in terms of more favourable taxation and debt financing.
The Safaricom group beat out a rival bid from a consortium led by South Africa’s MTN Group whose offer of $600 million was deemed too low by Ethiopian officials.
Kafrican
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this part was surprising...Safaricom reveals ownership of Ethiopia venture
TUESDAY MAY 25 2021
Safaricom Plc CEO Peter Ndegwa during the telco's 20-year celebration at the Nairobi Serena Hotel on October 27, 2020. PHOTO | FILE | NMG
ADVERTISEMENT
By VICTOR JUMA
More by this Author
Safaricom will own a majority stake in a series of companies formed for entry into Ethiopia’s telecoms market, giving the firm effective ownership of 55.7 per cent in the new venture.
The Nairobi Securities Exchange-listed company has disclosed the exact ownership structure of the consortium that on Saturday won a licence to enter the new market at a cost of $850 million.
Japan’s conglomerate Sumitomo Corporation is the second-largest investor with a 27.2 per cent stake, followed by UK’s sovereign investment fund CDC Group (10.9 per cent) and South Africa’s Vodacom Group (6.2 per cent).
Vodafamily Ethiopia Holding Company Limited, incorporated in England, will own Netherlands-registered Global Partnership for Ethiopia B.V. (GPE).
GPE will in turn own a new operating company in Ethiopia whose licence will run for 15 years, with the right to apply for an additional 15 years.
“As Safaricom will directly or indirectly hold more than 50 per cent equity stake in each of the consortium companies, each such consortium company will become a subsidiary company of Safaricom,” the telco said in a notice.
Related
ADVERTISEMENT
“The consortium, through the operating company, intends to commence commercial operations in 2022.”
The use of multiple investment vehicles will give the venture flexibility in terms of more favourable taxation and debt financing.
The Safaricom group beat out a rival bid from a consortium led by South Africa’s MTN Group whose offer of $600 million was deemed too low by Ethiopian officials.
"As Safaricom will directly or indirectly hold more than 50 per cent equity stake in each of the consortium companies, each such consortium company will become a subsidiary company of Safaricom,” the telco said in a notice."
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Yani hizo kampuni nyingine zote za Japan, SA,UK zitakua zinapokea maagizo/orders kutoka kwa Safaricom ambayo ndo itakua the parent company na hizo nyingine ziwe subsidiaries za Safcom huko Ethiopia.
Don YF
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Kenya is among the sharks in Africa. Na bado.