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.
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This episode features:
Felix Ochieng - Chief Financial Analyst, Hisa
Production by Mwakaneno Gakweli