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Central Bank of Kenya tells Safaricom to split dividend to avoid pressure on shilling

Tuesday 20 April 2021 | 09:26 CET | News
Pressure from the Central Bank of Kenya (CBK) has forced mobile operator Safaricom to split its dividend payouts to shield the weakening shilling when the operator seeks dollars for repatriation to foreign investors, Business Daily reported. In February, Safaricom announced its first ever interim dividend of KES 0.45, more than three months after announcing a 6 percent drop in profit because of the impact of coronavirus.

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Categories: Mobile & Wireless
Companies: Safaricom
Countries: Kenya
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