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29 Pages«<272829
Safaricom 2019/2020
Ericsson
#561 Posted : Tuesday, February 16, 2021 8:40:04 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,523
Location: NAIROBI
murchr wrote:
VituVingiSana wrote:
Angelica _ann wrote:
The company has been experiencing negative social media comments mainly customer dissatisfaction both from products and customer service. Also negative sentiments on the "new" CEO and lack of any clear innovative product since Bob left.

Kshs. 16 bob coming soon.
If Saf cannot maintain profitability, he is out BUT I do have a question.

Is he related to any of the political leadership?
Any connection with the Ndegwas of ICEA/First Securities?




No relations at all. This Ndegwa is a son of a farmer in Ol kalau.

Social media comments are not new for Safaricom.

Ndegwa will deliver. Too much money to be made from leveraging on what is already existing


And the Ol Kalou farmer is related to who
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Fyatu
#562 Posted : Tuesday, February 16, 2021 9:02:29 AM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,813
Location: Nakuru
Ericsson wrote:




And the Ol Kalou farmer is related to who


What can you not understand from Murchr statement above? CEO Ndegwa is not dynasty. Yeye kama mimi ni son of a peasant who has worked hard all his life to be where he is today...hapo C-Suite. Not all Kenyans are related to someone noteworthy....labda his grandfather is an unsung MauMau veteran who went back to peasantry immediately after he left Manyani maximum prison in 1962 after serving 9 years jailterm without trial...
Dumb money becomes dumb only when it listens to smart money
iris
#563 Posted : Tuesday, February 16, 2021 11:53:09 AM
Rank: Member


Joined: 9/11/2014
Posts: 227
Location: Nairobi
Fyatu wrote:
Ericsson wrote:




And the Ol Kalou farmer is related to who


What can you not understand from Murchr statement above? CEO Ndegwa is not dynasty. Yeye kama mimi ni son of a peasant who has worked hard all his life to be where he is today...hapo C-Suite. Not all Kenyans are related to someone noteworthy....labda his grandfather is an unsung MauMau veteran who went back to peasantry immediately after he left Manyani maximum prison in 1962 after serving 9 years jailterm without trial...


Or not.
kawi254
#564 Posted : Tuesday, February 16, 2021 12:41:08 PM
Rank: Member


Joined: 2/20/2015
Posts: 407
Location: Nairobi
Angelica _ann wrote:
The company has been experiencing negative social media comments mainly customer dissatisfaction both from products and customer service. Also negative sentiments on the "new" CEO and lack of any clear innovative product since Bob left.

Kshs. 16 bob coming soon.


When Airtel dropped call charges to 3/= Bob matched the call rates and later raised Safaricom's call rate 4/= saying that the low calling rate of 3/= was not sustainable. People made a lot of noise but continued calling on Safaricom higher 4/= per minute....
sqft
#565 Posted : Tuesday, February 16, 2021 1:40:39 PM
Rank: Veteran


Joined: 1/10/2015
Posts: 959
Location: Kenya
The company is heading in the WRONG direction. They should have maintained the momentum and be at the leading edge of technology.


Quote:
Safaricom has put on ice plans to launch Kenya’s first fifth-generation (5G) mobile internet services in a retreat that will see the telco focus on growing 4G network in the race to boost data use.

Peter Ndegwa, the Safaricom CEO, says there is no plan to launch the 5G network in the short-term, adding that the telco’s immediate plan is to convert millions of 2G and 3G users to 4G.

The firm had completed testing and trial for the 5G superfast internet service and planned to switch major urban centres to the service before end of this month.
Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
Ericsson
#566 Posted : Tuesday, February 16, 2021 1:54:17 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,523
Location: NAIROBI
Fyatu wrote:
Ericsson wrote:




And the Ol Kalou farmer is related to who


What can you not understand from Murchr statement above? CEO Ndegwa is not dynasty. Yeye kama mimi ni son of a peasant who has worked hard all his life to be where he is today...hapo C-Suite. Not all Kenyans are related to someone noteworthy....labda his grandfather is an unsung MauMau veteran who went back to peasantry immediately after he left Manyani maximum prison in 1962 after serving 9 years jailterm without trial...


Time will tell
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Fyatu
#567 Posted : Tuesday, February 16, 2021 4:13:31 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,813
Location: Nakuru
Ericsson wrote:
Fyatu wrote:
Ericsson wrote:




And the Ol Kalou farmer is related to who


What can you not understand from Murchr statement above? CEO Ndegwa is not dynasty. Yeye kama mimi ni son of a peasant who has worked hard all his life to be where he is today...hapo C-Suite. Not all Kenyans are related to someone noteworthy....labda his grandfather is an unsung MauMau veteran who went back to peasantry immediately after he left Manyani maximum prison in 1962 after serving 9 years jailterm without trial...


Time will tell


Sawa wacha tungojee..I pray for Ndegwa to succeed
Dumb money becomes dumb only when it listens to smart money
littledove
#568 Posted : Friday, February 19, 2021 8:36:55 AM
Rank: Member


Joined: 7/1/2014
Posts: 819
Location: sky

the reason why safaricom paid interim dividend



https://www.businessdailyafrica.com/bd/economy/state-raids-cash-rich-parastatals-money-3296618
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
Monk
#569 Posted : Friday, February 19, 2021 5:10:50 PM
Rank: Member


Joined: 7/1/2009
Posts: 220

KWS, BRS, NHIF, NTSA, Kenya Forest Services (KFS) and the latest Kenya Ferry Services (KFS)....

More and more government services available only to Safaricom customers. It seems Safaricom is Government and Government is Safaricom; free market be damned. What's next, fine or jail for anyone without a Safaricom line?

https://nation.africa/ke...-raises-uproar--3296616

Disclosure: I own Safaricom shares, but feel shaking down poor people for profit is immoral. They ought to have choice in a free market.
babashuge
#570 Posted : Saturday, February 20, 2021 6:45:06 AM
Rank: New-farer


Joined: 1/4/2019
Posts: 67
Location: Nairobi
Monk wrote:

KWS, BRS, NHIF, NTSA, Kenya Forest Services (KFS) and the latest Kenya Ferry Services (KFS)....

More and more government services available only to Safaricom customers. It seems Safaricom is Government and Government is Safaricom; free market be damned. What's next, fine or jail for anyone without a Safaricom line?

https://nation.africa/ke...-raises-uproar--3296616

Disclosure: I own Safaricom shares, but feel shaking down poor people for profit is immoral. They ought to have choice in a free market.



I think choice of payment options is the fault of the owner of the service(Govt & Institutions).... not the fault of someone that has a payment solution that luckily works in most scenarios
Ericsson
#571 Posted : Monday, February 22, 2021 1:50:06 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,523
Location: NAIROBI
https://kenyanwallstreet...ast-and-central-africa/

Debra Mallowah has left Safaricom as Chief Business Development Officer to join Coca Cola as VP for East and Central Africa
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#572 Posted : Monday, February 22, 2021 8:39:12 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,437
Location: Nairobi
babashuge wrote:
Monk wrote:

KWS, BRS, NHIF, NTSA, Kenya Forest Services (KFS) and the latest Kenya Ferry Services (KFS)....

More and more government services available only to Safaricom customers. It seems Safaricom is Government and Government is Safaricom; free market be damned. What's next, fine or jail for anyone without a Safaricom line?

https://nation.africa/ke...-raises-uproar--3296616

Disclosure: I own Safaricom shares, but feel shaking down poor people for profit is immoral. They ought to have choice in a free market.


I think choice of payment options is the fault of the owner of the service(Govt & Institutions).... not the fault of someone that has a payment solution that luckily works in most scenarios
@Monk wasn't blaming Saf. It's a poor show from GoK taking the easiest path for them vs what's good for the country/citizens. That said perhaps Saf offers support to integrate M-Pesa unlike PesaLink, etc.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#573 Posted : Thursday, March 04, 2021 4:12:00 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,523
Location: NAIROBI
Ethiopia May Scrap Telecom License Sale if Offers Are Too Low

Ethiopia has a set amount it expects to receive from the part-privatization of the country’s telecommunications industry and could scrap the process if bidders don’t meet the target.

Three independent teams have calculated the value of two new licenses that would compete with state monopoly Ethio Telecom, Eyob Tekalign, the state minister responsible for the privatization process, told reporters.That has given the government an amount it’s looking to raise from the sale, he said, without giving figures.

“If we get the value we expect from the bidding process, we will go ahead,” he said. “If not, we will have another look.”

His comments mark the first time an Ethiopian politician has publicly cast doubt over the much-anticipated liberalization of the telecom industry, a move that would jeopardize a broader privatization plan announced by Prime Minister Abiy Ahmed in mid-2018. The strategy had a range of goals:
--to shore up reserves of much-needed foreign exchange,
--pay down state debt,
--improve telecom service
--and create jobs.

International telecom operators have long coveted a foothold in Ethiopia, which has a population of more than 100 million and is seen as one of the world’s last major untapped markets. Interested parties include Vodafone Group Plc and its two African partners, Vodacom Group Ltd. and Safaricom Ltd., as well as MTN Group Ltd. and Orange SA. Alongside the two new licenses, a minority stake in Ethio Telecom is also up for sale.

International tower companies won’t be allowed to take part, Eyob confirmed this week, saying wireless operators can lease existing state-owned masts for the time being. “We shouldn’t have infrastructure that we have spent billions on going to waste,” he said.

Read more at: https://www.bloombergqui...e-if-offers-are-too-low
Copyright © BloombergQuint
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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