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Showing posts from May, 2008

Safaricom Bank

As one of the new owners of Safaricom (granted that I get at least some 100 shares after the massively oversubscribed IPO) I take a keen interest in its (Safaricom's) financial future. I'll try not to repeat what has probably been written, blogged, sms'ed, posted etc. a thousand times over in other fora and instead give my own two sumunis on what I believe lies in wait for this behemoth. I'll warn you first that most of what I write here is speculative and should not form the basis of your investment decisions. In my last post I mentioned I would talk about how Safaricom is transforming itself into a financial company. It seems that now everyone else is sitting up and taking notice. For anyone who followed the release of S'coms spectacular financial results released a couple of days ago you would have noted how their trumpted their M-PESA product yet at the same time tried to assuage banks that they were not in competition with them. Give me a break! Now that I