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Goodness!!! Safaricom HY 2011-2012 RESULTS Down 50%
Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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VituVingiSana wrote:Sufficiently Philanga....thropic wrote:VVS 2: Jamani 1 What does @Jamani get 1 for? @Jamani is annoyingly quiet, atleast defend the 1 mark i've awarded you! @SufficientlyP
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Michael Joseph wrote: MPESA, days gone by...“Our target market was actually the guy standing outside there waiting to serve you dinner or drinks. This thing grew like topsy, it’s an incredible growth curve. My role was to make it happen. I just said you have to do it, and if you don’t do it I’ll fire you. Unless you put the agent out there it doesn’t happen. You can’t just have some scummy little store…we have to pretend to be like banks. Banks pretend that they’re very rich by having this very super nice hall with marble and columns and all this stuff, so you think they’re rich, so they won’t steal your money; as you know it’s an illusion. India will probably be the next big place. It will dwarf anything, if they get it right, that we have in Kenya. The challenge of South Africa is a rather stupid arrogant regulator." http://blogs.ft.com/beyond-bric...ney-model/#ixzz1dP9ydHFn
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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muganda wrote:Michael Joseph wrote: MPESA, days gone by...“Our target market was actually the guy standing outside there waiting to serve you dinner or drinks. This thing grew like topsy, it’s an incredible growth curve. My role was to make it happen. I just said you have to do it, and if you don’t do it I’ll fire you. Unless you put the agent out there it doesn’t happen. You can’t just have some scummy little store…we have to pretend to be like banks. Banks pretend that they’re very rich by having this very super nice hall with marble and columns and all this stuff, so you think they’re rich, so they won’t steal your money; as you know it’s an illusion. India will probably be the next big place. It will dwarf anything, if they get it right, that we have in Kenya. The challenge of South Africa is a rather stupid arrogant regulator." http://blogs.ft.com/beyond-bric...ney-model/#ixzz1dP9ydHFn hisah, will be interested with this about the MPESA 'bank': "In Kenya, 12-15bn shillings are stored on M-PESA systems at any one time, but Safaricom is not allowed to make a profit with the interest and neither is the customer. Instead the earnings go into a charitable M-PESA foundation. Any attempt to change this is likely to spook banks, which have in the past attempted to close down M-PESA."GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Other than Michael Joseph, another person who seems to have had perfect timing in jumping ship is Paul Wanderi Ndung'u, who moved his mobile phone dealership business to Telkom Orange from Safaricom GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@Youcant - That's what I've been seeing with mpesa. Another thing is find out how many studies are being done around the globe on this model. There's a reason MJ is @ world bank... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 8/29/2008 Posts: 571
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HISAH: Get real.Mpesa can't succeed in many other countries like it did in kenya.Remember MJ saying that kenyan's have peculiar calling habits??Likewise,kenyans have peculiar financial habits.Like 50% of working kenyans supporting(thereby sending money to)the other kenyans.Nowhere else in the world lots of people feed other idlers like that.Mpesa succeeded in kenya because of this bad habit.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Ali Baba wrote:HISAH: Get real.Mpesa can't succeed in many other countries like it did in kenya.Remember MJ saying that kenyan's have peculiar calling habits??Likewise,kenyans have peculiar financial habits.Like 50% of working kenyans supporting(thereby sending money to)the other kenyans.Nowhere else in the world lots of people feed other idlers like that.Mpesa succeeded in kenya because of this bad habit. @Ali - time will tell. Hope you'll still be around  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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youcan'tstopusnow wrote:Jamani, I know you understand the telecom biz very well. Your thoughts? Sorry I was off net for sometime....Yes i do and thanks for the recognition, i worked for one of the big two. My thoughts....its across the field notice the silence in Airtel and the rest... this should tell you something.....worse than expected losses on their part...
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Sufficiently Philanga....thropic wrote:VituVingiSana wrote:Sufficiently Philanga....thropic wrote:VVS 2: Jamani 1 What does @Jamani get 1 for? @Jamani is annoyingly quiet, atleast defend the 1 mark i've awarded you! Sorry for being annoying, i was held up kiasi,.....though I didnt know you read my lines... yes for now am 1 down, numbers dont lie... but why insist Airtel,Orange or Yu excited about this? are they doing well?
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Ali Baba wrote:HISAH: Get real.Mpesa can't succeed in many other countries like it did in kenya. and why is that so? i know of countries and operators that are being pushed to adopted Mpesa....
Remember MJ saying that kenyan's have peculiar calling habits?? and do you know why he said this? i bet you are looking at it from a negative angle, the reason he said this was we all call almost at the same time and specifically on friday evening...he didnt mean what you imply
Likewise,kenyans have peculiar financial habits.Like 50% of working kenyans supporting(thereby sending money to)the other kenyans. What is wrong with supporting our people? Indians, Phillipinos etc do the same
Nowhere else in the world lots of people feed other idlers like that.Mpesa succeeded in kenya because of this bad habit. Narrow minded thought, do you know what banks used to do to our people and SMEs? Mpesa filled that gap... and ofcourse we also use it to support our people anything wrong with that?
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Jamani wrote:Sufficiently Philanga....thropic wrote:VituVingiSana wrote:Sufficiently Philanga....thropic wrote:VVS 2: Jamani 1 What does @Jamani get 1 for? @Jamani is annoyingly quiet, atleast defend the 1 mark i've awarded you! Sorry for being annoying, i was held up kiasi,.....though I didnt know you read my lines... yes for now am 1 down, numbers dont lie... but why insist Airtel,Orange or Yu excited about this? are they doing well? Coz Airtel Kenya & Yu Kenya & Orange Kenya are not listed... The way I look at it is 'my' pocketbook which has been helped by cheaper calls thanks to competition! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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VituVingiSana wrote:Jamani wrote:Sufficiently Philanga....thropic wrote:VituVingiSana wrote:Sufficiently Philanga....thropic wrote:VVS 2: Jamani 1 What does @Jamani get 1 for? @Jamani is annoyingly quiet, atleast defend the 1 mark i've awarded you! Sorry for being annoying, i was held up kiasi,.....though I didnt know you read my lines... yes for now am 1 down, numbers dont lie... but why insist Airtel,Orange or Yu excited about this? are they doing well? Coz Airtel Kenya & Yu Kenya & Orange Kenya are not listed... The way I look at it is 'my' pocketbook which has been helped by cheaper calls thanks to competition! Good to look at your pocket....(govt will get those savings in one way or the other, they have lost thru safcom) and yes the rest are not listed and not excited because the monies received by Safcom are still better than they expected and they are seeing red in their books.
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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VituVingiSana wrote:Sufficiently Philanga....thropic wrote:VVS 2: Jamani 1 What does @Jamani get 1 for? For at least posting something
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Rank: Member Joined: 8/29/2008 Posts: 571
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JAMANI: You didn't get my point.One reason Mpesa succeeds in kenya is because a lot of kenyans support lots of other kenyans.You say there is nothing wrong with this.There is.It means our UNEMPLOYMENT is so high we have to feed others.With low unemployment,there would be no need to Mpesa money around.Also,the penetration of atms and visa cards lowers the use of Mpesa.Take a case of USA.Mpesa wouldn't succeed in a developed country.However,it may work for kenya.It has also been tried in SA,but its success is not like the kenyan one.And one thing stands out.Mpesa is for less developed countries like Kenya.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Ali Baba wrote:Nowhere else in the world lots of people feed other idlers like that. Mpesa succeeded in kenya because of this bad habit. I transact about 10k per day and none of it goes to idlers at all.. And neither do my friends and family You better check your stats... I pay elec with MPESA I pay school fees with MPESA I pay DSTV with MPESA I pay rent with MPESA I can buy from a shop with MPESA I even make petty payments with MPESA I even save with MPESA... etc Im sure you'd do the same if given the chance!! Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 8/29/2008 Posts: 571
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GURU: NO,I haven't had a Safaricom line since 2009.I don't Mpesa anything.I use visa card.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Underestimate mpesa and safaricom at your own expense. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 8/29/2008 Posts: 571
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AGUTRYING: ....At my own expense?? Safcom is the most expensive provider around.Not using it saves me money.However,pls note that I didn't say Mpesa is bad or anything ....but its a more localized kenyan concept for solving kenyan problems than a world concept.Different countries have different situations.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Ali baba wrote:Safcom is the most expensive provider around.Not using it saves me money. Ali Baba wrote:GURU:I don't Mpesa anything.I use visa card. Since when was visa cheaper than MPESA?? I was of the opinion MPESA was the cheapest money transfer service around.. I think you need to talk to an accountant and see if you are saving money.. Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 8/29/2008 Posts: 571
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GURU: I have a free visa.No charges.Shop around.I'm an accountant,I don't need to see one.Anyway,we have a choice to do what we want.If you choose Mpesa,that's cool.Cheers.
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Goodness!!! Safaricom HY 2011-2012 RESULTS Down 50%
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