Is this valuation ideal and thus a good average for Safaricom
or
Do you think the current valuation for safaricom is premium price (overpriced).
The third option, current safaricom price is at discount levels (Under valued?)..
Bear this in mind when deciding.
Safaricom is extending it's services to the Democratic Republic of Congo (DRC). A country considered the world's richest country in terms of wealth in natural resources. In DRC most of the raw mineral deposits remain untapped and are worth an estimated $24 trillion.
Safaricom is the most dominant communication and financial company in East and Central AFRICA. Safaricom-MPESA, is so popular the government of Kenya owns 35% of Safaricom, which converted into a public company in the year 2002.
Also note about 5 years ago, Southern African telecoms giant Vodacom Group bought 35% stake in Kenyan operator Safaricom.
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