Parliament clears the security deal. So with that Safcom now has the LTE spectrum Hallo 4G. http://www.businessdaily.../-/dqx341z/-/index.html

Safaricom, in partnership with a local IT firm, Virtual City, Thursday launched the M-Distributr service targeting manufacturers and distributors of fast-moving consumer goods (FMCG) to eliminate use of cash in the supply chain.

M-Distributr is an Android mobile app.

Safaricom said it has already signed up companies such as PZ Cussons East Africa, Reckitt Benckiser, Vivo Energy, East Africa Breweries Limited (EABL), Unilever Kenya and meat processor Farmer’s Choice.

Ms Mulinge said Safaricom had enlisted all its dealers countrywide to the platform, allowing them to make orders for stock such as airtime and devices online, and make payment via M-Pesa.


http://www.businessdaily...0/-/3eh8brz/-/index.html

Getting top heavy this counter. Going by the retailers (EABL & Uchumi) earnings reports, purchasing power is getting squeezed. Then add inflation and more KES is bleeding out of consumer pockets. All in agreement with an econ slump. Then add the MVNOs entry into this crowded space.

Were it not for the M&A deal, this counter would be priced much lower than the current 12 - 13 range. But it is showing top heavy signs. H1 results will likely confirm why the bull steam is running out... Going by CCK's Q2 (oct-dec 2013) report, there is already a slowdown. Q3 report will confirm this trend. Note the full yr report covers Jul 2013-June 2014 and should be out before mpesa bank's H1 results.

If mpesa bank price has a steep dip, the NSE20 index will mimick it.