Welcome to the Mwango Capital Podcast where we discuss topical issues on African capital markets.
In this episode, we dive deep into Safaricom’s FY 2022 results. We are joined by Silha Rasugu - Associate VP at EFG Hermes, Lisa Kimathi - Senior Associate at Standard Investment Bank, Kalkidan Mulugeta - CoFounder & Commercial Lead at ClearSkies Technology, and Willis Owiti - an engineer and self-taught financial analyst.
We also discuss Safaricom’s entry into Ethiopia, its peers operating in multiple geographies, its competitive advantage in the local market, and the possibility and implications of an M-Pesa spin-off.
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Show Notes
00:00:00: Introduction
00:04:20: Safaricom’s business model and segments
00:06:04: FY 2022 results
00:09:50: Entry into Ethiopia
00:17:14: Safaricom vs peers
00:23:18: Product stickiness and competitive advantage
00:26:34: M-Pesa spin-off, risks, and opportunities in Ethiopia
00:40:10: M-Pesa valuation and setting up a reliable network in Ethiopia
00:46:55: Opportunities in the East African community
00:55:17: M-Pesa regulation
01:00:05: 2G, 3G, 4G, and 5G network
01:08:57: Challenges posed by big tech
Episode 29: Safaricom FY22 Results