Safaricom

African Telcos - Catch Back: Headwinds easing, many markets to 2 players, recapture of some hard dollar revenue likely - AAF top pick, Vodacom to Buy

Sub-Saharan African Telecoms: Solid top line, decent overall performance given the macro environment; Q1 24 review

Safaricom – H2 FY24: Decent semester; Strong performance in Kenya, Ethiopia still a drag; Encouraging FY25 guidance

African Telcos – Deep Dive on Fintech Valuations - SLIDES

African Telcos - Deep dive on Fintech valuations; stay Bullish on AAF and MTN