Safaricom PLC
mobile network operator in Kenyawww.safaricom.co.ke
84
MENTIONS
35
EPISODES
29
PODCASTS
Search complete. 84 mentions across 35 episodes found for "Safaricom PLC".
Oct 28, 2026
Chris StewartGUEST
Okay, so Vodacom came out with a trading update after the close today.
Chris StewartGUEST
I think you need to ignore the earnings per share guidance of plus 272 to 279%, largely because there's a technical non-cash item in there, which is the revaluation of their stake in Safaricom.
Chris StewartGUEST
As you know, they increased their stake in Safaricom from 35% to 55%.
Chris StewartGUEST
in June of this year, and as a result of that, putting a new valuation on the associate stake they already held in Safaricom.
Chris StewartGUEST
They've had to mark that up through their P&L.
Chris StewartGUEST
It's largely irrelevant, so we need to look at the headline earnings per share guidance of 22% to 27% gross, somewhere between $570 and $590 a share, which looks reasonable in the context of where consensus expectations currently lie, both for the interim period now as well as the full year.
Tim StaermoseGUEST
Hopefully they do, because that's what I'm there for, to work for the clients.
Tim StaermoseGUEST
But I'm not sort of looking and seeing in our benchmark, for example, Safaricom in Kenya is the largest stock, and maybe the weighting is 10%.
Tim StaermoseGUEST
And a
Chipo MuwowoHOST
lot
Tim StaermoseGUEST
of fund managers say, okay, I've got a positive view on Safaricom, therefore I'm going to have 12% in it, or You know, they might have another stock that's in the top 10 in the index.
Tim StaermoseGUEST
In our case, MCB Group in Mauritius, for example, is one of the top 10 stocks and they've got a negative view on it.
Tim StaermoseGUEST
So they might not have the full 7% index weighting.
13 MINS LATER
Tim StaermoseGUEST
If the Pesa network goes down, the whole economy grinds to a halt because people can't
Chris StewartGUEST
I think you need to ignore the earnings per share guidance of plus 272 to 279%, largely because there's a technical non-cash item in there, which is the revaluations.
Chris StewartGUEST
of their stake in Safaricom.
Chris StewartGUEST
As you know, they increased their stake in Safaricom from 35% to 55% in June of this year.
Chris StewartGUEST
And as a result of that, putting a new valuation on the associate stake they already held in Safaricom, they've had to mark that up through their P&L.
Chris StewartGUEST
It's largely irrelevant.
Chris StewartGUEST
So we need to look at the headline earnings per share guidance of 22 to 27% gross, somewhere between 570 and 590 cents a share.
Juliet GateriGUEST
Yeah, business is good.
Alma MabachiHOST
You know, the first conversation we had together, you had said, if it wasn't this business, you might have been doing a Safaricom dealership.
Juliet GateriGUEST
Yes,
Alma MabachiHOST
yes.
Juliet GateriGUEST
So I started the business not by accident, I would say.
Juliet GateriGUEST
I was working for a company that was doing a lot of projects with Safaricom and Google at the time.
Juliet GateriGUEST
Okay.
Juliet GateriGUEST
And then I was interacting a lot with small, medium businesses.
Kwame OseiHOST
Oh, definitely.
speaker_1HOST
Think back to when Safaricom was first launching SMS money transfers in Kenya.
speaker_1HOST
It felt absurd to traditional financial institutions.
speaker_1HOST
It was
Malcolm OkuboGUEST
take in, what's this, what is it called? The Ethernet.
Malcolm OkuboGUEST
Connect the Ethernet from this quote-unquote Safaricom router to this new router of ours.
Malcolm OkuboGUEST
Then you make this the main now router basically of the house.
Malcolm OkuboGUEST
Dude, if you even do speeds from this router to this router.
Malcolm OkuboGUEST
And then also, like, we're not...
Malcolm OkuboGUEST
We're two people.
Malcolm OkuboGUEST
We're not a large company like Safaricom where we're going into the rural areas and, like, finding, you know, routers that are... 15K, you know, even still, that's still costly.
Sajid VayaniHOST
Costly, yeah.
Matthias MwangiGUEST
example.
Matthias MwangiGUEST
Have you guys watched the Safaricom story? The one that they're doing on YouTube? The Safaricom.
Matthias MwangiGUEST
So it's giving the way the central bank views crypto right now is how they were viewing crypto.
Matthias MwangiGUEST
In 2009.
Eric MuriukiGUEST
But I think where Africa can win is actually in the context framing and build not only for Africa, but actually for the world.
Eric MuriukiGUEST
I remember 14 years ago, we were having a debate with, I hope I'll be permitted to say this, with Safaricom when we were designing Mshuari.
Eric MuriukiGUEST
And as we're haggling about who will pay who, the commercial conversation, I was like, listen, we shouldn't be haggling about this, which is Kenya.
Eric MuriukiGUEST
My view, M-Pesa can replace every other payment scheme.
James FletcherGUEST
My flight was delayed.
James FletcherGUEST
He met the CEO of Safaricom, the largest company in Kenya, as a 22-year-old young analyst.
James FletcherGUEST
And he sits down and he's a return missionary.
James FletcherGUEST
He sits down and just asks insightful questions, holds a great meeting with the CEO.
The Finance GhostHOST
Been to Kenya once.
Duma MxengeGUEST
The pride and joy of Kenya is Safaricom.
Duma MxengeGUEST
They've got very good things to say about that company.
Duma MxengeGUEST
As a South African, I wish I could have exposure.
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