Who need the LSE?
Safaricom is our birthright built on the voices, fingers, and shillings of Kenyans. It has been a model for social advancement, ability of ICT’s to bring development, empowerment, democracy, awareness, the long tail, proof that cents (and shillings) can grow into billions in profits – etc.
It is our birthright – like an African child who takes money out of their parents pocket for eighteen years and should put some back when they grow up. British shareholders will never understand how bamba 50, sambaza, mteja or m-pesa, translate into profits & dividends – nor should they be asked to.
The NSE was able to absorb Kengen and still left twice as much money on the table with negligible impact on other share prices. Likewise, it will be able to handle a Safaricom IPO.