Safaricom

Safaricom, headquartered in Nairobi, has emerged as a defining telecom force in Sub-Saharan Africa. With roughly 6k employees and revenues approaching $3B, the group keeps reinforcing its position through disciplined capital allocation and a long-term industrial vision.

Management's emphasis on operational discipline, tight working capital, focused capex, clearer ESG roadmaps, is increasingly visible in margin trajectory.

“Safaricom is, in its category, exactly the kind of compounding regional champion the next decade of capital allocation will reward.”

Few catalysts on the horizon look bearish; the central scenario is a continued, controlled compounding story.