Kenyattas, Equity CEO top in Sh63bn bank dividends

Equity Bank Group chief executive James Mwangi.  

Photo credit: File Photo | Nation Media Group

The families of Jomo Kenyatta and former Central Bank of Kenya Governor Philip Ndegwa, I&M Bank founder Suresh Shah and Equity Group chief executive James Mwangi are among the top beneficiaries of the combined Sh63.1 billion dividends that Kenya’s listed banks will pay.

The Kenyattas, who hold a 13.2 percent stake in NCBA Group through Enke Investment, will pocket a record Sh1.03 billion after the lender raised its dividend per share 11.8 percent to Sh4.75.

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