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Future of Safaricom - break up due to dominance!
Rank: Elder Joined: 12/7/2012 Posts: 11,908
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gatoho wrote:watesh wrote:[quote=bartum]Safaricom set to enter into 50% shareholding with Ethiopias mobile network ethio Will be the juiciest thing Safaricom has ever done if this pulls through. I hope its true RINK: http://www.theeastafrica...140-10jjv3tz/index.html[/quote] Murchr says no Ethiopia is a no no!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Seems like its a rumor but noted. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: New-farer Joined: 8/21/2017 Posts: 48
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Life is a beach and I'm just playing in the sand
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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How many banks does Ethiopia have? possunt quia posse videntur
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Rank: Member Joined: 9/2/2010 Posts: 845
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maka wrote:How many banks does Ethiopia have? more than a dozen. in reality though, there is one dominant state-owned behemoth called commercial bank of ethiopia. kama nakumbuka, CBE assets are like 70 percent of the country's entire banking industry's. All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
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Rank: Elder Joined: 12/4/2009 Posts: 10,696 Location: NAIROBI
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If it were to happen safaricom would have to take a huge debt or do a rights issue to raise money for the acquisition Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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innairobi wrote:maka wrote:How many banks does Ethiopia have? more than a dozen. in reality though, there is one dominant state-owned behemoth called commercial bank of ethiopia. kama nakumbuka, CBE assets are like 70 percent of the country's entire banking industry's. It's better/safer for Safcom to partner to first partner with a decent "private" bank than a large state-owned bank. CBE may have breadth but usually such banks have lots of siasa so bureaucracy and nationalism would run rife. A smaller (private) bank can implement M-Pesa faster [though it needs to get Ethioptel on board] and has an incentive to expand its mobile outreach. Think CBA (Kenya) with limited branches yet M-Shwari in conjunction with Safaricom spread all over Kenya. KCB was a late entrant. Equity's relationship with Safcom soured. I hope Safcom can crack the market coz it will be huge for them!!! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,696 Location: NAIROBI
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VituVingiSana wrote:innairobi wrote:maka wrote:How many banks does Ethiopia have? more than a dozen. in reality though, there is one dominant state-owned behemoth called commercial bank of ethiopia. kama nakumbuka, CBE assets are like 70 percent of the country's entire banking industry's. It's better/safer for Safcom to partner to first partner with a decent "private" bank than a large state-owned bank. CBE may have breadth but usually such banks have lots of siasa so bureaucracy and nationalism would run rife. A smaller (private) bank can implement M-Pesa faster [though it needs to get Ethioptel on board] and has an incentive to expand its mobile outreach. Think CBA (Kenya) with limited branches yet M-Shwari in conjunction with Safaricom spread all over Kenya. KCB was a late entrant. Equity's relationship with Safcom soured. I hope Safcom can crack the market coz it will be huge for them!!! Topic is safaricom acquiring a stake in Ethiopia telecom. Sasa bank fulani imetokea wapi Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:innairobi wrote:maka wrote:How many banks does Ethiopia have? more than a dozen. in reality though, there is one dominant state-owned behemoth called commercial bank of ethiopia. kama nakumbuka, CBE assets are like 70 percent of the country's entire banking industry's. It's better/safer for Safcom to partner to first partner with a decent "private" bank than a large state-owned bank. CBE may have breadth but usually such banks have lots of siasa so bureaucracy and nationalism would run rife. A smaller (private) bank can implement M-Pesa faster [though it needs to get Ethioptel on board] and has an incentive to expand its mobile outreach. Think CBA (Kenya) with limited branches yet M-Shwari in conjunction with Safaricom spread all over Kenya. KCB was a late entrant. Equity's relationship with Safcom soured. I hope Safcom can crack the market coz it will be huge for them!!! Topic is safaricom acquiring a stake in Ethiopia telecom. Sasa bank fulani imetokea wapi "We wish to categorically state that we are not engaged in any conversations with Ethio Telecom on this matter" Bob Collymore Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,696 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:innairobi wrote:maka wrote:How many banks does Ethiopia have? more than a dozen. in reality though, there is one dominant state-owned behemoth called commercial bank of ethiopia. kama nakumbuka, CBE assets are like 70 percent of the country's entire banking industry's. It's better/safer for Safcom to partner to first partner with a decent "private" bank than a large state-owned bank. CBE may have breadth but usually such banks have lots of siasa so bureaucracy and nationalism would run rife. A smaller (private) bank can implement M-Pesa faster [though it needs to get Ethioptel on board] and has an incentive to expand its mobile outreach. Think CBA (Kenya) with limited branches yet M-Shwari in conjunction with Safaricom spread all over Kenya. KCB was a late entrant. Equity's relationship with Safcom soured. I hope Safcom can crack the market coz it will be huge for them!!! Topic is safaricom acquiring a stake in Ethiopia telecom. Sasa bank fulani imetokea wapi "We wish to categorically state that we are not engaged in any conversations with Ethio Telecom on this matter" Bob Collymore And ulitoa wapi story of partnering with a bank Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:innairobi wrote:maka wrote:How many banks does Ethiopia have? more than a dozen. in reality though, there is one dominant state-owned behemoth called commercial bank of ethiopia. kama nakumbuka, CBE assets are like 70 percent of the country's entire banking industry's. It's better/safer for Safcom to partner to first partner with a decent "private" bank than a large state-owned bank. CBE may have breadth but usually such banks have lots of siasa so bureaucracy and nationalism would run rife. A smaller (private) bank can implement M-Pesa faster [though it needs to get Ethioptel on board] and has an incentive to expand its mobile outreach. Think CBA (Kenya) with limited branches yet M-Shwari in conjunction with Safaricom spread all over Kenya. KCB was a late entrant. Equity's relationship with Safcom soured. I hope Safcom can crack the market coz it will be huge for them!!! Topic is safaricom acquiring a stake in Ethiopia telecom. Sasa bank fulani imetokea wapi "We wish to categorically state that we are not engaged in any conversations with Ethio Telecom on this matter" Bob Collymore And ulitoa wapi story of partnering with a bank I said I would like Safaricom to partner with a decent private Ethiopian bank. Why are you getting stressed out about that? Safcom can deploy the M-Pesa platform on the cheap [not easy though to work in ET] with a ET bank which can then hook up with Ethiopia Telcom. Safcom then gets a cut of the action... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,696 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:innairobi wrote:maka wrote:How many banks does Ethiopia have? more than a dozen. in reality though, there is one dominant state-owned behemoth called commercial bank of ethiopia. kama nakumbuka, CBE assets are like 70 percent of the country's entire banking industry's. It's better/safer for Safcom to partner to first partner with a decent "private" bank than a large state-owned bank. CBE may have breadth but usually such banks have lots of siasa so bureaucracy and nationalism would run rife. A smaller (private) bank can implement M-Pesa faster [though it needs to get Ethioptel on board] and has an incentive to expand its mobile outreach. Think CBA (Kenya) with limited branches yet M-Shwari in conjunction with Safaricom spread all over Kenya. KCB was a late entrant. Equity's relationship with Safcom soured. I hope Safcom can crack the market coz it will be huge for them!!! Topic is safaricom acquiring a stake in Ethiopia telecom. Sasa bank fulani imetokea wapi "We wish to categorically state that we are not engaged in any conversations with Ethio Telecom on this matter" Bob Collymore And ulitoa wapi story of partnering with a bank I said I would like Safaricom to partner with a decent private Ethiopian bank. Why are you getting stressed out about that? Safcom can deploy the M-Pesa platform on the cheap [not easy though to work in ET] with a ET bank which can then hook up with Ethiopia Telcom. Safcom then gets a cut of the action... Fantasy thinking;my fren you are in ethiopia where industries belong to the state. Take time and read about the structure of the ethiopian economy Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:innairobi wrote:maka wrote:How many banks does Ethiopia have? more than a dozen. in reality though, there is one dominant state-owned behemoth called commercial bank of ethiopia. kama nakumbuka, CBE assets are like 70 percent of the country's entire banking industry's. It's better/safer for Safcom to partner to first partner with a decent "private" bank than a large state-owned bank. CBE may have breadth but usually such banks have lots of siasa so bureaucracy and nationalism would run rife. A smaller (private) bank can implement M-Pesa faster [though it needs to get Ethioptel on board] and has an incentive to expand its mobile outreach. Think CBA (Kenya) with limited branches yet M-Shwari in conjunction with Safaricom spread all over Kenya. KCB was a late entrant. Equity's relationship with Safcom soured. I hope Safcom can crack the market coz it will be huge for them!!! Topic is safaricom acquiring a stake in Ethiopia telecom. Sasa bank fulani imetokea wapi "We wish to categorically state that we are not engaged in any conversations with Ethio Telecom on this matter" Bob Collymore And ulitoa wapi story of partnering with a bank I said I would like Safaricom to partner with a decent private Ethiopian bank. Why are you getting stressed out about that? Safcom can deploy the M-Pesa platform on the cheap [not easy though to work in ET] with a ET bank which can then hook up with Ethiopia Telcom. Safcom then gets a cut of the action... Fantasy thinking;my fren you are in ethiopia where industries belong to the state. Take time and read about the structure of the ethiopian economy So why get stressed out about a fantasy of mine? [Safcom isn't a core holding for me because of a big mistake I made back in the day & one I hope I learn from. It's a cash machine.] Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,696 Location: NAIROBI
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Ethiopia's central bank devalues currency by 15% and hikes rates http://www.africanews.co...nt-devaluation-of-birr/
The measure is seen by economic players as helping to boost the growth of the country’s export sector which has experienced a sluggish outlook. It is also expected to reduce forex shortages and to ease debt burden. Above article is related to reasons the Ethiopian government wanted Safaricom to get a stake in Ethio telecom Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 3/15/2009 Posts: 359
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Ericsson wrote:Ethiopia's central bank devalues currency by 15% and hikes rates And Kenya takes pole position as the biggest economy in the region again,GDP nominal $
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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shocks wrote:Ericsson wrote:Ethiopia's central bank devalues currency by 15% and hikes rates And Kenya takes pole position as the biggest economy in the region again,GDP nominal $ We would be larger than Spain were it not for corruption
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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obiero wrote:shocks wrote:[quote=Ericsson]Ethiopia's central bank devalues currency by 15% and hikes rates And Kenya takes pole position as the biggest economy in the region again,GDP nominal $ We would be larger than Spain were it not for corruption [/quote Malaysia and Singapore could have been behind us too. Towards the goal of financial freedom
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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Ebenyo wrote:obiero wrote:shocks wrote:[quote=Ericsson]Ethiopia's central bank devalues currency by 15% and hikes rates And Kenya takes pole position as the biggest economy in the region again,GDP nominal $ We would be larger than Spain were it not for corruption [/quote Malaysia and Singapore could have been behind us too. Here is parliament ready to wreck the telco party of high charges... https://www.businessdail...51060-okna16z/index.html
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,696 Location: NAIROBI
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obiero wrote:Ebenyo wrote:obiero wrote:[quote=shocks][quote=Ericsson]Ethiopia's central bank devalues currency by 15% and hikes rates And Kenya takes pole position as the biggest economy in the region again,GDP nominal $ We would be larger than Spain were it not for corruption [/quote Malaysia and Singapore could have been behind us too. Here is parliament ready to wreck the telco party of high charges... https://www.businessdail...1060-okna16z/index.html[/quote] Not going anywhere.The parliamentarians just want to get bribes. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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Ericsson wrote:obiero wrote:Ebenyo wrote:obiero wrote:shocks wrote:[quote=Ericsson]Ethiopia's central bank devalues currency by 15% and hikes rates And Kenya takes pole position as the biggest economy in the region again,GDP nominal $ We would be larger than Spain were it not for corruption [/quote Malaysia and Singapore could have been behind us too. Here is parliament ready to wreck the telco party of high charges... https://www.businessdail...1060-okna16z/index.html
Not going anywhere.The parliamentarians just want to get bribes. This is the same thing that was said about the rate cap. All that is required is a committed mover of motion.. It's true that the charges are way too high for a developing state
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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