Executive Summary We have updated our valuation for Safaricom with the fair value estimate for the GSM business coming in at KES 14.35 (down from KES 15.16 in FY24) while that of the financial services business comes in at KES 22.03 (up from KES 17.99 in FY24). Since surpassing the telecommunications business in 2019, the financial services division…
Highlights In the week, investors’ attention was turned to the U.S. 20-year Treasury bonds which had a weaker-than-expected auction pushing longer term yields higher and saw the 30-year yield hit its highest level since 2023, though Treasuries across most maturities recovered some ground by the end of the week. This volatility in the Treasury market sent U.S….
16th Floor, JKUAT Building, Kenyatta Avenue – Nairobi.
1st Floor, Nyali Centre, Off Links Road – Mombasa.
P.O. Box 13714 – 00800, Nairobi, Kenya
Email: clientservice@sib.shupav.co.ke
Mobile: +254(0) 777 333 000
Telephone: +254(0) 20 2277 000
WhatsApp: +254(0) 779 777 000