The Treasury is set for a Sh7.7 billion dividend windfall courtesy of Safaricom after the telco announced an interim payout of Sh0.55 per share.
The government holds a 35 percent stake in Safaricom, equivalent to 14.02 billion shares. Multinationals Vodacom Group Limited and Vodafone Group Plc, which jointly hold a 40 percent stake or 16 billion Safaricom shares, will earn Sh8.8 billion in interim dividends from their stake.
