Any day now, Safaricom will announce their results for the year ended March 31 2005, and they should be a bonanza. Barclays bank earned 3.7 billion profit last year and East African Breweries made 3 billion. Meanwhile Safaricom was already at 2.7 billion profits after only six months this year – will Safaricom pass the 5 billion profit mark? Maybe.
Good news yes, but bad because they don’t share their good fortune with Kenyan shareholders – unlike Barclays or East African Breweries.