Safaricom market cap

Azor Ahai

Village Elder
#1
The NSE total market cap is 2.2 trillion. Safcom's market cap is 1.12 trillion, roughly half of the entire stock exchange. Vodacom/fon owns 40% of safaricom. So, Vodacom/fon owns 20% of the entire market capitalization of NSE. Each year, 40% of safaricom's dividends are wired to the UK via Vodafon/com. Add dividends from Barclay's, Standard Chartered, EABL (Diageo owns 50%) all blue chip companies and all largely owned by UK conglomerates. We are essentially still a British colony only that we can't see it yet. That is the sad reality. The British still own the largest companies in Kenya. As you celebrate Jahuri day and other such nonsense, just know that the colonialists never left but figured a way of colonizing in a smart manner.
 
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Azor Ahai

Village Elder
#3
It's good hizi bank za wabeberu ziko on course to being kicked out of the top 5 biggest banks in KE.
The largest companies in Kenya bado zinakuwa controlled by colonialists. Diageo owns half of EABL. Let that sink in..50%. Vodacom owns 40% of Safcom which is half the entire NSE by market cap. 60% of BAT Kenya is owned by BAT Plc (UK). If we were to do an audit of all listed companies usishangae kuona over half of the value is British-owned. The other large chunk by GoK and everybody else.

BAT, Safcom, EABL, Barclay's, Standard Chartered are all among the top 10 largest companies in Kenya. All are controlled by the British. Half of all dividends at the Nairobi Securities Exchange are shipped to the UK.
 
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#4
The largest companies in Kenya bado zinakuwa controlled by colonialists. Diageo owns half of EABL. Let that sink in..50%. Vodacom owns 40% of Safcom which is half the entire NSE by market cap. 60% of BAT Kenya is owned by BAT Plc (UK). If we were to do an audit of all listed companies usishangae kuona over half of the value is British-owned. The other large chunk by GoK and everybody else.

BAT, Safcom, EABL, Barclay's, Standard Chartered are all among the top 10 largest companies in Kenya. All are controlled by the British. Half of all dividends at the Nairobi Securities Exchange are shipped to the UK.
Plus almost all the agricultural companies,the large landholdings in Laikipia otherwise known as conservancies amongst others.
 
#5
The largest companies in Kenya bado zinakuwa controlled by colonialists. Diageo owns half of EABL. Let that sink in..50%. Vodacom owns 40% of Safcom which is half the entire NSE by market cap. 60% of BAT Kenya is owned by BAT Plc (UK). If we were to do an audit of all listed companies usishangae kuona over half of the value is British-owned. The other large chunk by GoK and everybody else.

BAT, Safcom, EABL, Barclay's, Standard Chartered are all among the top 10 largest companies in Kenya. All are controlled by the British. Half of all dividends at the Nairobi Securities Exchange are shipped to the UK.
What kind of incentives can G.o.K offer these Lords, to make sure a good % of there revenues are reinvested in .ke ?
What about in the agricultural sector ? How many entities trading in NSE are indigenous?
 

Azor Ahai

Village Elder
#6
Plus almost all the agricultural companies,the large landholdings in Laikipia otherwise known as conservancies amongst others.
Tullow Oil washaanza kukamua mafuta courtesy of our greedy politicians. The UK high commissioner must be working overtime to protect their interests in Kenya. They have an army base in Laikipia (not sure if it is a base or something like that).
 

papayo

Village Elder
#7
To me it doesn't matter whether the companies are owned by Britons or are from Mars as long as they are in Kenya legally,pay taxes and employ thousands of Kenyans.....
 

Azor Ahai

Village Elder
#8
To me it doesn't matter whether the companies are owned by Britons or are from Mars as long as they are in Kenya legally,pay taxes and employ thousands of Kenyans.....
This post is meant to show you that we are still not independent from our colonial masters. It is an illusion. The whole idea of colonialism was economically inspired. The method has changed but the objective has remained. Such companies should be taxed more than indigenous companies, that is the point. That is a good way of ensuring local companies grow too and have a fair chance.
 

Azor Ahai

Village Elder
#11
It's okay to be owned and to own, but if i was in a position, i would give these companies some crazy incentives to make sure they spend their profits in .ke.
States huwa kuna tax breaks for the rich.
Exactly. Most developed nations have a way of making sure money you make there is spent there. Hiyo ndio shida iko Kenya. Money keeps flowing out and the government does nothing about it. We can't close the gap with developed nations if money keeps flowing to their countries in an uncontrolled fashion. There are many ways of forcing or arm twisting foreigners to invest locally instead of taking profits to their country. GoK can tax them significantly more than locals to discourage them from taking dividends out.
 
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Azor Ahai

Village Elder
#13
This actually puts the impoverishment of our country in perspective.
The amount of foreign aid pales in comparison with what is siphoned out "legally"...
When you imagine 40% of safcoms profits being shipped to the UK, as their CSR is probably less than 1 billion, you see the big picture. GoK should figure a way of preventing or discouraging foreigners from taking profits out of Kenya and encourage them to spend locally. We cannot close the gap if foreigners keep shipping billions from the Kenyan economy. That is a fact.
 

Mr Black

Village Elder
#16
We have never been free or self-sufficient in any way, a sorry state of affairs really, when your richest individuals are products of corruption it follows that the most profitable and valuable businesses will be in the hands of legit entrepreneurs, guys with hunger and drive, who spot opportunities and take a leap of faith.

Good for the brits, they are making a shitload of cash.
 

Bigfish1

Village Elder
#17
Independence was a mind game , Jomo knew it and he and his friends benefited themselves , this includes most of the influential families pre and post ' independence ', it's just now that the public has started to realizing the truth.
 

Azor Ahai

Village Elder
#18
Since Safcom's IPO ten years ago, 120 billion has been shipped to the UK as dividends to Vodafone. When you consider capital appreciation, considering that Vodafone held a stake at inception, the return is phenomenal. They now have a stake of about 450 billion in the company. I once read somewhere that they invested just 4.2 billion in 2000.

Vodafone has made a profit of 565.8 billion from safaricom since 1999. An investment of 20 years. A 135X return. This does not include any dividends received between 1999 and 2008 when it went public. The figures are certainly higher.
 
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#19
Now this is the kind of high IQ debate I want to see here. Nation, which is 70pc owned by the Aga Khan, would like you to think the average Kenyan is poor because of corruption and the Chinese. The reality is, the colonialists struck very lopsided agreements with Jomo which gave us political independence but left us economically colonised. Unless we wale up to this fact we are gonna be poor for ever.
 
#20
Tullow Oil washaanza kukamua mafuta courtesy of our greedy politicians. The UK high commissioner must be working overtime to protect their interests in Kenya. They have an army base in Laikipia (not sure if it is a base or something like that).
Its a base. And within it there are places where nyeuthis are not allowed in. Whatever they pay for the base is negligible compared to what is expatriated by the interests they protect.
 

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