Weekly Markets Update | Jump in Equity's Q3 Profit, Safaricom's Decline and Uber's First Ever EBITDA Adjusted Profit

Kenyan Wallstreet

Last week, the Safaricom stock took a beating, declining by 6.07% to Ksh 40.20 following worsening conditions in Ethiopia and US DFC's delay in disbursing the $500million to finance its Ethiopia entry. Equity Group reported an 85% jump in Q3 profit before tax to Ksh 36.6 Billion from Ksh 19.7 billion in Q3 2020. Globally, Uber reported its first-ever EBITDA adjusted profit of $8 million. Listen to this episode to find out what's dragging Safaricom's share price, the details behind Equity's Profit jump and why BK Group is trailing, despite the positive Q3 results. Tune in to all our podcasts directly through the Hisa App on Android or iOS, or subscribe to the Kenyan Wallstreet podcast wherever you listen from. This episode features: Felix Ochieng - Chief Financial Analyst, Hisa Production by Mwakaneno Gakweli