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safaricom to be overtaken as the most profitable company in E.A
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ngapat
#1 Posted : Monday, February 28, 2011 10:00:00 PM
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Joined: 12/11/2006
Posts: 896
I really dont think they will hold on to that position for long. A bank will overtake them soon
“Invest in yourself. Your career is the engine of your wealth.”
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FUNKY
#2 Posted : Monday, February 28, 2011 10:33:41 PM
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Joined: 4/30/2010
Posts: 1,635
for that the banks will first have to overtake the second most profitable firm which is east african breweries ltd.
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ngapat
#3 Posted : Tuesday, March 01, 2011 11:29:27 AM
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it will be hard for EABL to keep up with growth rate of banks.
“Invest in yourself. Your career is the engine of your wealth.”
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VituVingiSana
#4 Posted : Tuesday, March 01, 2011 11:49:18 AM
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Joined: 1/3/2007
Posts: 18,215
Location: Nairobi
ngapat wrote:
it will be hard for EABL to keep up with growth rate of banks.
Depends... The problem is our banks don't have enough competition while the barriers thrown in front of EABL are crazy!

High taxes [beer/alcohol is taxed very heavily]
Low barrier to entry for 'illegal' drinks
Silly drinking bans/hours especially on weekends!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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