Episode 29: Safaricom FY22 Results

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.Subscribe to get notified when we make a new post.Show Notes00:00:00: Introduction00:04:20: Safaricom’s business model and segments00:06:04: FY 2022 results00:09:50: Entry into Ethiopia00:17:14: Safaricom vs peers00:23:18: Product stickiness and competitive advantage00:26:34: M-Pesa spin-off, risks, and opportunities in Ethiopia00:40:10: M-Pesa valuation and setting up a reliable network in Ethiopia00:46:55: Opportunities in the East African community00:55:17: M-Pesa regulation01:00:05: 2G, 3G, 4G, and 5G network01:08:57: Challenges posed by big tech Get full access to The Mwango Weekly at mwangocapital.substack.com/subscribe