I&M gets Sh227m dividend from Mauritius subsidiary

I&M Group #ticker:IMH has received a dividend of Sh227 million from its Mauritian subsidiary Bank One, with the cash set to contribute to the group’s total earnings this year.

The dividend was paid in January, according to disclosures by Bank One, which is owned on a 50/50 basis by the Nairobi Securities Exchange #ticker:NSE -listed firm and the island nation’s conglomerate CIEL Limited.