People Daily | by John Otini
Analysts have put Safaricom stock on a neutral rating following headwinds that include regulatory risk and delayed Ethiopia licence for M-Pesa.
Cytonn analyst Anne Wacera says the telco is up against a slew of challenges that may affect its performance.
CitiBank also assigned a neutral rating for the company’s stock, capping its upside potential at 15 per cent on delayed mobile money licence in Ethiopia, regulatory clamours to split the company and pressure to cut money transfer charges…
