SCOM | Safaricom: Your Network Is Your Net Worth

    We issue a SELL recommendation on Safaricom PLC with a target price of KES 38.81 representing a downside of 7.60% on the current price of KES 42.00. We believe that the market over-reacted to the news of the expansion into Ethiopia. However, the company’s fundamentals remain strong. Our valuation is informed by ability of the company to weather the negative effects of the pandemic and the intended regional expansion to the untapped Ethiopian telco market ...

     

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    AIB-AXYS Africa
    AIB-AXYS Africa Ltd is the fusion of two established companies; AIB Capital Limited and Apex Africa Capital Limited, both with over 25 years of experience in the Securities market. With the solid reputation and experience of the professional teams, we leverage talent and networks to better service businesses and investors looking to capitalize on the African growth story, and its vibrant financial sector.
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