Contributing to Gichuki Kahome's insiders take (Kenya) - I'd have but raised concerns with stakeholder motives and alterias when business directives of a kind take place. That much so stakeholders within the business as it currently stands before colossal change.
In this instance, why is #NSE listing considered a holy grail? This move is simply adding depth to their market - interpreted growth, regardless conventional indicies - reason why the west retain financial leverage, even during global economic turmoil of prolonged periods.
Mpesa should get with the script and look towards other strategies of intra-continental growth. They have most likely also outgrown traditional telecommunications business model - and it's stakeholders see it capable of juggernauting towards further heights.
Contributing towards the wallstreet bull-market is impune complex. In addition - a need to restrategize business model is also essential - as further pointed out in source at discussion credits (regulatory authorities, on-ground staff, in addition to other highlights on feed) in efforts to concisely drive the business foward as well as explore expansive potential.
With such potential, a listing on major financial markets the likes of NSE is in efforts by current shareholders to milk as much as they can from a seemingly inevitable split as opposed to any counter narrative that would have you believe a split from Safaricom PLC would see the business & its model struggle as an independent entity.
Let's watch this space as they say. 🍿
cc: #CentralBankOfKenya, #BankOfTanzania, #BankOfUganda, #EastAfricanCommunity - #EastAfricanCentralBank
Source at discussion credits: Gichuki Kahome > https://twitter.com/kahome_steve/status/1578620853440630784?t=3O8N6T7I4mjZ2_2U1iOQQg&s=19
N.B: MacMungy Intellectual x #ProgressiveLivingInDevelopingEconomies
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Afterthought:
Apologies, seems the NSE is in abbreviation to 'Nairobi Stock Exchange' as mistaken for New York Stock exchange (NYSE).
With that, I'll partially retract my statement. And at that, how it's cogs (respective market space and 'intra network-tivity') operate will be telling in regards to pull of financial instruments and investors in respective space.
i.e. who is investing and where they spend after a yield in profit.
And in true apologetic fashion, I have but to applaud the initiative. All the best with this one majirani.
#ProgressiveLivingInDevelopingEconomies
