Safaricom keeps 80pc dividend policy amid debt surge

Delegates follow proceedings during the Safaricom limited Annual General Meeting at the Bomas of Kenya in Nairobi on September 15, 2017.

Photo credit: File | Nation Media Group

Safaricom will maintain the policy of paying 80 percent of its net profits as dividends despite a growing debt portfolio that will see the telecom firm borrow Sh40 billion through a green bond.

The operator has started selling its first tranche of Sh15 billion of the green in a fundraiser that will push its total borrowings to at least Sh130 billion.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.