I'm with Tim on this. I haven't looked at the overall data yet, but according to the BD articles and assuming they cite this correctly, some, by no means all, customers may have spoken: 'While AccessKenya’s revenue was up 32 per cent from Sh1.5 billion to Sh2 billion last year, a slowdown in profit as a result of lower corporate IT sales, last year, proved to be a major stumbling block for the firm.' This doesn't actually say whether the growth in corporate IT sales has slowed down, or the company's number of corporate clients has declined. In addition, corporate ITdoesn't appear to have been a focus: 'AccessKenya is eyeing the opportunity to tap the increasing appetite for Internet connectivity in the high-end residential and SOHO (Small offices and home offices) segment.' And the company doubled its investments in infrastructure: 'Last year, AccessKenya spent Sh1 billion in investing activities compared to Sh511 million in 2008.' On 23 March 2010 10:04, McTim <[email protected]> wrote:
HI aki,
On Tue, Mar 23, 2010 at 7:31 AM, aki <[email protected]> wrote:
Dear Listers,
Sorry for the cross-posting and am adding my opinion.
There is a story in Business Daily today titled " AccessKenya records 31 p.c. drop in profit " . No matter what way you look at the article, the consumer has spoken.
I'm not sure this is necessarily so. lower profit does not always stem from fewer customers.
-- Cheers,
McTim "A name indicates what we seek. An address indicates where it is. A route indicates how we get there." Jon Postel
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