Money Markets
M-Kesho tipped to boost Equity earnings by Sh4bn
Equity is facilitating access to a bank account through a mobile phone. Photo/FILE
By Kui Kinyanjui
(email the author)
Posted Thursday, August 5 2010 at 00:00
Posted Thursday, August 5 2010 at 00:00
“We believe the case for Equity Bank is no longer about its 2010E earnings potential, but all about 2011E and beyond, largely hinged on benefits accruing from its convergence with Safaricom on Mkesho. We view M-Kesho as the transformative face of mobile banking in Kenya,” said the report.
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