M-Pesa has contributed revenue worth Ksh 84 billion to Safaricom's total revenue

[Tony254]

Yaani Mpesa imecontribute almost 1/3 of Safaricom's total revenue of ksh 250 billion. Hii Mpesa ambayo ilianza kimchezo mchezo hapa Kenya sasa inaleta revenue ya 84 billion to Safaricom. Safaricom's earnings before interest and tax was ksh 101 billion. Safaricom is the biggest company in east and central Africa by far.

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UPDATE 1-Kenya's Safaricom lifts annual earnings by 13%​

NAIROBI, April 29 (Reuters) - Safaricom, Kenya’s biggest telecoms operator, posted a 13.3% jump in annual earnings before interest and tax to 101.5 billion shillings ($949.5 million) on Wednesday.

The growth was driven by higher revenue from internet provision and its mobile financial services business M-Pesa, as well as a first ever drop in operating expenses, said finance chief Sateesh Kamath.

Revenue from M-Pesa, which allows users to transfer cash, make payments, borrow and save, jumped 12.6% to 84.4 billion shillings, a third of Safaricom’s service revenue.

Mobile data, where Safaricom has been aggressively fighting for market share by offering internet bundles without expiry, rose 12.1% to 40.7 billion shillings.

The company, which is part-owned by South Africa’s Vodacom and Britain’s Vodafone, proposed a dividend of 1.40 shillings per share and said the coronavirus pandemic has made it impossible to issue guidance for the year to March 31, 2021.

“We are operating in unpredictable times,” new CEO Peter Ndegwa told investors on an online briefing. ($1 = 106.9000 Kenyan shillings) (Reporting by Duncan Miriri Editing by David Goodman)

Source: Reuters

 

[vulcan]

Awesome news.

Their data earnings are really growing, esp during this Covid Work From home.

The home fibre has sky rocketed to 97000 users

 

[Kevin85ify]

Awesome news..
Their data earnings are really growing, esp during this Covid Work From home..

The home fibre has sky rocketed to 97000 users

You can imagine they have not even finished covering 90% of the country with home fibre. The potential market is quite large.

 

[Geza Ulole]

And a half of that money goes to Vodacom SA!

 

[Tony254]

And a half of that money goes to Vodacom SA!

Vodacom owns 35% of Safaricom. Vodafone owns 5% of Safaricom. The other 60% is owned by stock market shareholders (25%) and GoK (35%). Wazungu wanaown 40% of Safaricom.

Geza Ulole unastahili kujua kwamba unadeal na watu waliosoma, sisi sio watu wanaokaa juu ya mawe na kupiga soga siku nzima. Sisi ni watu tumekula vitabu na huwezi kutudanganya. Vodacom does not own 50% of Safaricom, nenda kadanganye Wabongo wenzako.

 

[Geza Ulole]

Vodacom owns 35% of Safaricom. Vodafone owns 5% of Safaricom. The other 60% is owned by stock market shareholders (25%) and GoK (35%). Wazungu wanaown 40% of Safaricom.View attachment 1434617

And ownership in Mpesa?

 

[Tabutupu]

How much is contributed by home fiber?

Awesome news..
Their data earnings are really growing, esp during this Covid Work From home.

The home fibre has sky rocketed to 97000 users

Sent using Jamii Forums mobile app

 

[Tony254]

and ownership in Mpesa?

Safaricom and Vodacom SA bought all the rights of Mpesa from Vodafone this month. Sasa hivi Safaricom inaweza kuexpand Mpesa dunia nzima bila kuomba permission from Vodafone UK. Sasa Mpesa ni yetu Geza na tunaweza kuitumia tutakavyo.

Safaricom, Vodacom acquire M-Pesa from Britain's Vodafone

 

[Geza Ulole]

Safaricom and Vodacom SA bought all the rights of Mpesa from Vodafone last week. Sasa hivi Safaricom inaweza kuexpand Mpesa dunia nzima bila kuomba permission from Vodafone UK. Sasa Mpesa ni yetu Geza na tunaweza kuitumia tutakavyo.

Safaricom, Vodacom acquire M-Pesa from Britain's Vodafone

Yenu na Vodacom sio?

 

[Tony254]

yenu na Vodacom sio?

Ndio Safaricom na Vodacom wote kwa pamoja wanamiliki Mpesa. Inaitwa joint-venture, kama umesomea mambo ya biashara.

 

[Geza Ulole]

Ndio Safaricom na Vodacom wote kwa pamoja wanamiliki Mpesa. Inaitwa joint-venture, kama umesomea mambo ya biashara.

I am pretty sure Vodacom has had a lionshare!

 

[Geza Ulole]

Ndio Safaricom na Vodacom wote kwa pamoja wanamiliki Mpesa. Inaitwa joint-venture, kama umesomea mambo ya biashara.

Now

In August 2017, Vodafone consolidated its African assets under Vodacom by transferring 35% of its stake in Safaricom to Vodacom. As of now, Vodafone still retains a 5% stake in Safaricom while remaining Vodacom’s parent company.
Mobile money service, M-Pesa, is now owned by Vodacom and Safaricom

Plus some Europen shareholders at NSE plus Tanzanian Rajabali brothers, how much of that profit remain in Kenya? I am pretty sure less than 50% is to stay in Kunyaland!

 

[Kevin85ify]

Now

In August 2017, Vodafone consolidated its African assets under Vodacom by transferring 35% of its stake in Safaricom to Vodacom. As of now, Vodafone still retains a 5% stake in Safaricom while remaining Vodacom’s parent company.
Mobile money service, M-Pesa, is now owned by Vodacom and Safaricom

Plus some Europen shareholders at NSE plus Tanzanian Rajabali brothers, how much of that profit remain in Kenya? I am pretty sure less than 50% is to stay in Kunyaland!

stop lying, you are quite a pathological liar.

The top individual investor in safaricom is John Kibunga Kimani followed by Peter Muthoka,Baloobhai Patel and Chris Kirubi those Tanzanians do not feature in top 10 individual or institutional shareholders.

The largest institutional investors in safaricom are Kenyan Investment firms like Cyton,Centum(Majority owned by Chris Kirubi), Kenyan Insurance companies and Kenyan banks.

Here are photos of their AGM show me the white people.

I know in Tanzania your stock market is controlled by Indians and Arabs, the hoi polloi like you do not know anything about the markets. Do not assumes it is the same in Kenya.

The safaricom AGM is held at Bomas of kenya which is always full capacity and it can accomodate 2900 guests

 

[Kevin85ify]

Now

In August 2017, Vodafone consolidated its African assets under Vodacom by transferring 35% of its stake in Safaricom to Vodacom. As of now, Vodafone still retains a 5% stake in Safaricom while remaining Vodacom’s parent company.
Mobile money service, M-Pesa, is now owned by Vodacom and Safaricom

Plus some Europen shareholders at NSE plus Tanzanian Rajabali brothers, how much of that profit remain in Kenya? I am pretty sure less than 50% is to stay in Kunyaland!

Your comment shows you know nothing about Taxation and business. Vodacom sa does not directly own the shares it owns the shares through a whole new entity Vodacom Kenya Ltd which is subject to corporate tax and it's employees will also pay income tax.

The individual shareholders will also pay income tax on their earnings and anytime a transaction is done on the shares eg when vodafone sold the shares to Vodacom they paid a capital gains Tax.

GOK holds 35% of safaricom, Vodacom Kenya Ltd 35%, Vodafone 5%, the rest is held by individuals and other kenyan companies at 25%

 

[Kevin85ify]

Now

In August 2017, Vodafone consolidated its African assets under Vodacom by transferring 35% of its stake in Safaricom to Vodacom. As of now, Vodafone still retains a 5% stake in Safaricom while remaining Vodacom’s parent company.
Mobile money service, M-Pesa, is now owned by Vodacom and Safaricom

Plus some Europen shareholders at NSE plus Tanzanian Rajabali brothers, how much of that profit remain in Kenya? I am pretty sure less than 50% is to stay in Kunyaland!

Also remember safaricom has 6,447+ employees who are paid a salary and get bonuses in Kenya. safaricom also takes loans from Kenyan banks(Tanzanian banks cannot lend to such a behemoth, they will go broke).
It is also putting part of the profits into upgrades of their network.

 

[Kevin85ify]

Now

In August 2017, Vodafone consolidated its African assets under Vodacom by transferring 35% of its stake in Safaricom to Vodacom. As of now, Vodafone still retains a 5% stake in Safaricom while remaining Vodacom’s parent company.
Mobile money service, M-Pesa, is now owned by Vodacom and Safaricom

Plus some Europen shareholders at NSE plus Tanzanian Rajabali brothers, how much of that profit remain in Kenya? I am pretty sure less than 50% is to stay in Kunyaland!

"The preceding table shows that 96% of our shareholders hold a maximum of 10,000 shares and are mostly comprised of the local individuals" ~safaricom

 

[pingli-nywee]

Your comment shows you know nothing about Taxation and business. Vodacom sa does not directly own the shares it owns the shares through a whole new entity Vodacom Kenya Ltd which is subject to corporate tax and it's employees will also pay income tax.

The individual shareholders will also pay income tax when vodafone sold the shares to Vodacom they paid a capital gains Tax.

GOK holds 35% of safaricom, Vodacom Kenya Ltd 35%, Vodafone 5%, the rest is held by individuals and other kenyan companies at 25%

I once tried explaining this fact to the grandpa and it was a very energy sapping exercise in futility. He couldn't even comprehend a simple pre-primary level colour coded illustration of Safaricom's shareholding structure.

Vodacom does not directly own any Safaricom shares. The shares are owned through Vodafone Kenya Ltd.

 

[Kevin85ify]

I once tried explaining this fact to the grandpa and it was a very energy sapping exercise in futility. He couldn't even comprehend a simple pre-primary level colour coded illustration of Safaricom's shareholding structure.

Vodacom does not directly own any Safaricom shares. The shares are owned through Vodafone Kenya Ltd.

He has a bad combination of traits. He has the idiocy of a dodo bird and the persistence of a cockroach.

 

[Geza Ulole]

Let Tony254 explains to u!

I once tried explaining this fact to the grandpa and it was a very energy sapping exercise in futility. He couldn't even comprehend a simple pre-primary level colour coded illustration of Safaricom's shareholding structure.

Vodacom does not directly own any Safaricom shares. The shares are owned through Vodafone Kenya Ltd.

Vodacom owns 35% of Safaricom. Vodafone owns 5% of Safaricom. The other 60% is owned by stock market shareholders (25%) and GoK (35%). Wazungu wanaown 40% of Safaricom.View attachment 1434617


Geza Ulole unastahili kujua kwamba unadeal na watu waliosoma, sisi sio watu wanaokaa juu ya mawe na kupiga soga siku nzima. Sisi ni watu tumekula vitabu na huwezi kutudanganya. Vodacom does not own 50% of Safaricom, nenda kadanganye Wabongo wenzako.

 

[Kevin85ify]

I once tried explaining this fact to the grandpa and it was a very energy sapping exercise in futility. He couldn't even comprehend a simple pre-primary level colour coded illustration of Safaricom's shareholding structure.

Vodacom does not directly own any Safaricom shares. The shares are owned through Vodafone Kenya Ltd.

The dodo was a sitting duck. The bird was fat and flightless, clueless and clumsy. It was a walking evolutionary error practically preordained to be extinct