Pressure from the Central Bank of Kenya (CBK) has forced Safaricom #ticker:SCOM to split its dividend payouts in the quest to shield the weakening shilling when the telecommunications firm seeks dollars for repatriation to foreign investors, it has emerged.
Safaricom in February announced its first ever interim dividend of Sh0.45, more than three months after announcing a six percent drop in profit, pounded by the impact of the coronavirus crisis.
