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Future of Safaricom - break up due to dominance!
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VituVingiSana
#271 Posted : Monday, October 02, 2017 9:27:35 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
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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Ericsson
#272 Posted : Monday, October 02, 2017 10:18:41 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
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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VituVingiSana
#273 Posted : Monday, October 02, 2017 11:27:27 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
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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Ericsson
#274 Posted : Tuesday, October 10, 2017 8:31:36 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
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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  | | Edit by user: Tuesday, October 10, 2017 11:12 PM | Reason: Not specified
shocks
#275 Posted : Tuesday, October 10, 2017 10:20:42 PM
Rank: Member

Joined: 3/15/2009
Posts: 362
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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obiero
#276 Posted : Wednesday, October 11, 2017 6:59:33 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
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

KQ ABP 4.26
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Ebenyo
#277 Posted : Wednesday, October 11, 2017 6:34:26 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
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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obiero
#278 Posted : Sunday, July 08, 2018 6:50:50 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
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

KQ ABP 4.26
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Ericsson
#279 Posted : Sunday, July 08, 2018 7:42:03 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
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
Back to top
WWW
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obiero
#280 Posted : Sunday, July 08, 2018 7:55:06 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
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

KQ ABP 4.26
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  | | Edit by user: Sunday, July 08, 2018 7:57 AM | Reason: Not specified
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