Safaricom (SCOM): Ethiopia’s Gambit and the Dividend Dilemma
SCOM’s FY’23 earnings reveal a tale of two markets: Kenya’s resilient cash cow vs. Ethiopia’s cash-burning expansion. Can the dividend hold up?
NSE:SCOM
Kenya's largest telco and the operator of M-Pesa, and the most heavily traded counter on the NSE.
78 articles on NSEinsider. Most recent coverage: Safaricom (SCOM): Ethiopia’s Gambit and the Dividend Dilemma.
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SCOM’s FY’23 earnings reveal a tale of two markets: Kenya’s resilient cash cow vs. Ethiopia’s cash-burning expansion. Can the dividend hold up?
A structured company-level breakdown with key risks and watchpoints.
CMA granted exemption for the Vodacom-Safaricom deal, enabling a stake up to 54.94% in a KES 272b transaction; Safaricom dividend of 1.15 per share noted.
CMA exemption in the Vodacom-Safaricom deal lifts sentiment as PORT jumps 9.25% to 109.25.
Safaricom’s SCOM rose as CMA granted exemption for the Vodacom-Safaricom deal, paving the way for a 54.94% stake valued at KES 272 billion.
Learn how **SCOM**’s P/E of 18.2x, **EQTY**’s 5.75 dividend, and **Vodacom-Safaricom**’s KES 272b deal impact your portfolio.
CMA exemption on the Vodacom–Safaricom deal supported equities as **PORT** jumped 9.25% to 109.25, with top movers and dividend news shaping the session.
Safaricom (SCOM) declared a 1.15 KES dividend with book closure on 4 August 2026, while foreign inflows reached 21.62 Mn KES on 1-2 July.
The Nairobi market posted marginal gains with Safaricom supporting inflows ahead of its dividend while foreign selling kept liquidity choppy across banks and other big names.
Safaricom’s revenue growth masks margin erosion and regulatory risks as Ethiopia expansion weighs on profitability.
The Nairobi Securities Exchange closed mixed on June 3, with financials leading gains while Safaricom dragged telecoms lower after recent rallies.
The Nairobi Securities Exchange ended the session with modest gains in financials offset by a pullback in telecoms and select blue chips.
Safaricom surged 6.8% as dividend hunters piled in ahead of book closures. Meanwhile, KQ took a 4.6% hit—oil prices are frying its wings.
CIC led the charge with a 3.82% pop while TOTL got hit with a 1.79% reality check. Safaricom’s dividend season is stealing the spotlight—mark your calendars.
The NSE All Share Index slipped 0.4% as Safaricom’s 1.8% decline offset gains in mid-caps. Turnover fell 12% to KES 2.1 billion amid thin activity.
The Nairobi Securities Exchange slipped 0.4% as Safaricom dragged the NASI to 189.23. Turnover surged 28% to KES 2.1 billion amid mixed sector performance.
The NSE All Share Index slipped 0.4% as Safaricom shed 2.1% on profit-taking. Turnover rose 12% to KES 3.2 billion. Banking stocks lagged amid mixed earnings signals.
The NSE All Share Index slipped 0.4% as profit-taking weighed on blue chips, while Safaricom added 1.8% on volume. Turnover rose 12% to KES 2.1 billion.
The NSE All Share Index slipped 0.8% as Safaricom and KCB led profit-taking in heavyweight counters. Turnover contracted 12% to KES 2.1 billion.
The NSE All Share Index slipped 0.8% as profit-taking capped gains. Safaricom led decliners despite resilient earnings outlook.
The NSE 20 slipped 0.35% as Safaricom lagged while EABL surged 4.12%. Turnover fell 12% to KES 1.24 billion amid cautious trading.
The NSE All Share Index slipped 0.45% as profit-taking in Safaricom and financials offset gains in midcaps. Turnover fell 12% to KES 1.8 billion.
The NSE All Share Index climbed 0.45% as Safaricom led gains while KCB and Equity Group weighed on blue chips. Turnover surged 18% to KES 2.1 billion amid mixed sector performance.
A comprehensive look at Safaricom's valuation, M-Pesa's expansion into Ethiopia, and whether the stock still offers upside at current levels.
The NSE 20 closed at **3,997.50**, up **0.34%**, with NASI at **233.47**, as gains were driven by financials and a telco-led rally in a thin session.
IMH jumped 5.34% to KES 69.00 on strong buying, while NSE20 closed at 3,901.24 with turnover of KES 725.66M.
KCB rose 2.1% to KES 42.30, EQTY up 1.8% to 51.20, while SCOM eased 0.3% to 12.45 amid thin turnover of KES 725,664,371.64.
The NSE All-Share Index (NASI) rose 0.12% to 229.051 on turnover of KES 725.66M, with **SCOM** dividend filings driving selective interest.
The Nairobi Securities Exchange saw muted trading on July 7 with turnover at KES 488.4 million and no clear foreign flows.
The Nairobi Securities Exchange closed modestly up on Friday, driven by selective buying in large caps amid light foreign participation.
The Nairobi Securities Exchange retreated slightly as investors locked in profits following a strong rally in June.
The market started on a subdued note with NASI up 0.6% and NSE20 up 0.34% amid limited turnover and no confirmed foreign flows.
The Nairobi Securities Exchange saw thin trading on Friday, with limited movement in key stocks and no clear sector leadership.
The Nairobi Securities Exchange saw muted trading with turnover at KES 1.18B, as investors await dividend payouts and central bank signals.
The Nairobi Securities Exchange remained range-bound this week as falling bond yields failed to lift equities decisively.
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Delayed official data leaves equity traders in the dark while corporate actions and fixed income dominate attention.
The Nairobi Securities Exchange held firm this week as Stanbic Bank’s FY2025 results buoyed investor confidence despite limited market data access.
Position sizing keeps small losses from becoming portfolio disasters on the Nairobi Securities Exchange.
The Nairobi Securities Exchange opened the week with thin trading but key corporate actions and bond activity kept investors engaged.
Kenya’s equity market saw selective momentum in consumer and financial stocks, though broader index data remained unreported.
The Nairobi Securities Exchange saw muted activity today, with institutional focus shifting to AIB bond issuances and upcoming dividends.
When your coupon or dividend payment arrives, the rate at which you can reinvest that cash may be lower than your original return, silently eroding your long-term wealth.
The Nairobi Securities Exchange saw muted activity this week with bond yields stable and equities lacking clear direction amid thin volumes.
Understanding the price-to-earnings ratio helps Kenyan investors assess stock value but requires context to avoid costly mistakes.
The Nairobi Securities Exchange saw selective momentum in consumer and financial stocks, though broader index data remained unpublished.
Understanding the difference between nominal and real returns is critical for Kenyan investors to protect their portfolios from inflation erosion.
The NSE closed with strong stock-level dispersion, though index-level data remained sparse; focus shifts to liquidity-backed setups and **AIB**’s bond issue.
Energy stocks stole the show as KNRE surged 5.4%, while NCBA’s dividend payment looms. Here’s what moved the Nairobi bourse today.
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KNRE surged 3.75% while TOTL slipped 2.07%. EABL popped 2.51% on liquidity flows. What’s next for the NSE?
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Kenyan investors love a good gamble—but even the best stock picks fail without smart position sizing. Here’s how to size your bets like a pro.
Headline yields can lie. Learn how to separate real dividend income from accounting tricks and cash-flow illusions.
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The NSE took a breather today, with the NASI slipping 0.8% as heavyweights like Safaricom and KCB led the selloff. Turnover dipped to KES 1.2 billion, but a few counters still managed to shine.
From P/E ratios to dividend yields, these metrics separate disciplined investors from speculators. Learn what the numbers really mean—and how to use them.
The NSE All Share Index slipped 0.4% as profit-taking weighed on blue chips. Bond turnover surged to KES 4.43 billion, led by the 10-year FXD1/2024/10Yr at KES 124.54 million.
The NSE All Share Index retreated 0.8% as profit-taking weighed on blue chips. Turnover surged 18% to KES 3.2 billion amid mixed corporate action.
The NSE All Share Index slipped 0.8% as profit-taking weighed on large caps. Safaricom led decliners, while Bamburi Cement surged 4.2% on volume.
Dividend reinvestment risk is rising as Kenyan corporates maintain high payout ratios. Income investors must model reinvestment rates to avoid erosion of real returns.
Duration risk explains why Kenyan investors holding long-dated bonds face outsized losses when rates rise. A 1% increase in yields can erase 20% of a 10-year bond’s value—here’s how to measure and manage it.
Nominal gains on the NSE often mask erosion from inflation. We show how to calculate real returns and where Kenyan portfolios fall short.
Kenyan investors face a clear tradeoff between NSE equities’ 8.2% dividend yield and bonds’ 12.5% coupon stability. The optimal mix depends on time horizon and liquidity needs.
Kenyan Treasury bonds offer predictable yields and low risk. Here’s how coupons, duration, and market timing work on the NSE.
Kenyan Treasury bills offer zero-coupon returns via discount pricing. Understanding tenors and yield calculations is critical for retail investors seeking stable, liquid government paper.
Equity Group surged 4.2% as regional expansion optimism offset political risks. NSE 20 fell 0.3% with mixed sector performance.
The Nairobi Securities Exchange closed with sharp dispersion as Unga and Uchumi surged nearly 10% each on active trade, while Eveready and Nairobi Business Ventures dragged on thin liquidity.
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The Nairobi All-Share Index closed the week higher, driven by renewed investor interest in KCB, Equity, and Co-operative Bank. Here's what moved the market.
A structured company-level breakdown with key risks and watchpoints.
A practical daily market brief built from NSEinsider's monitored sources.
A practical investor lesson tailored to current NSE market context.
A practical daily market brief built from NSEinsider's monitored sources.