In 2002, I bought my Safaricom line.
Ksh 2499.
I still use it.
It came in a metallic tin, with a booklet (a user manual), and a template for the SIM card.
It was preset on the Taifa Tariff.
Ksh 36 per minute billing during peak, and Ksh 27 per minute billing during off-peak.
Per-minute billing means that even if you talk for 32 seconds, you will be charged the per-minute rate.
At that time, KENCELL (later CELTEL, then ZAIN and now AIRTEL) was everyone's favourite carrier.
Safaricom was struggling to attract subscribers due to KENCELL's awkward commercials that portrayed Safaricom's network as sluggish and chaotic.
But, 2 months later, Safaricom reduced the price of its SIM cards to Ksh 99.
I almost went mad after spending KSH 2499 just two months earlier.
There were massive lines in Safaricom shops in Nairobi and Nakuru.
Nakuru, Kenyatta Avenue, next to Merica Hotel, was impassable for 1 week. There was a Safaricom shop there, and later a Samchi Telecom shop.
A lot of people had bought phones and kept them at home, especially Motorola T190 and Siemens C35, because they couldn't afford SIM cards or the cost of making calls.
A Motorola T190 was selling at KSH 17,999.
A Siemens C35 was selling at 11,499.
Safaricom immediately began selling locked mobile phones that could be used only with Safaricom SIM cards.
Later that year, Kibaki was overwhelmingly elected president, and his regime liberalised the telecommunications industry, and we began advancing in telecommunications technology.
We have come from far!
Low-value unmarriageable women, at the bottom of the chain, who mess their lives sleeping from one bed to another bed will always find comfort in the mainstream media because the mainstream media is a parrot for immorality, prostitution, degeneration and societal decline.
SAFARICOM SHARES WILL BE SOLD AT 244 BILLION PUT ON THE INFRASTRUCTURE FUND BECAUSE THAT FUND IS NOT AUDITED , TO FUND RUTO’S 2027 CAMPAIGN
IF YOU DON’T VOTE THE NEXT 5 YEARS WILL BE A ROUGH RIDE !!
UDA playbook..
2022-2026 increase taxes.
2026- reduce taxes. Appeal to voters. 2027 - get re elected
2028 - revert to high taxes. Mtado?
I hope no one is dumb enough to fall for this.
SHA was never about protecting public money. It was about resetting the system so new hands could dip in, with cleaner excuses and bigger appetites. Same theft. New logo. Same greed. Fresh paperwork
It is obvious Kenya will benefit from opening up the Sale of GoK 15% Safaricom Stake to an International bid. But GoK is very keen to accept an inferior offer that is sub optimal.
The language of "Market Price" is the language of a buyer, not a seller.
NCBA shares were trading below Ksh 70 before the initial information of an imminent transaction. The transaction price from NedBank is Ksh 102. The parties knew what the share price was but they went for the value.
EABL shares are currently trading at Ksh 244 in the market, but Diageo is selling their 65% stake in the same company to a Japanese Company, Asahi for at Ksh 590 per share.
Rea Vipingo was trading at Ksh 27.5 in the market, but it was bought out at Ksh 85.
Only self interest can cloud the correct judgement and decision from being made and executed. Kenya deserves better.
We are African and Africa is our Business..
Kenya must seize the moment and offer free and Totally FREE Basic Education now. It is possible. It should be now.
We are African and Africa is our Business..