Vodacom, Absa target Sh21bn extra dividends in Kenya deals

A Vodacom shop in Johannesburg, South Africa. 

Photo credit: Pool

More than Sh21 billion in extra dividends will be shipped to South Africa as Johannesburg-based multinationals buy additional stakes in Safaricom, Absa Bank Kenya and NCBA Group.

Safaricom’s parent Vodacom Group last month completed the acquisition of an additional 15 percent stake in the company for Sh204.3 billion.

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