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Safaricom future value linked to M-Pesa growth

A Nairobi-based M-Pesa agent attends to a client. Safaricom has reduced the voice component from 66 to 62 per cent of its revenue equalling Sh96.3 billion. Photo/FILE

Safaricom’s future value will depend on how the company’s mobile money transfer service M-Pesa performs in an increasingly competitive market, an investment bank’s analysis shows.

A valuation note on the company by Standard Investment Bank (SIB) released ahead of the company unveiling of full-year results says new battle ground for the telecommunications firm will be on electronic payments.

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Note: The results are not exact but very close to the actual.

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