Kenyattas, Equity CEO, Ndegwas get Sh1.6bn dividend

President Uhuru Kenyatta (left), James Ndegwa (centre) and Equity Group chief-executive James Mwangi. FILE PHOTO | NMG

The families of Jomo Kenyatta, former Central Bank of Kenya Governor Philip Ndegwa and Equity Group chief executive James Mwangi will pocket Sh1.62 billion in the wake of record banking profits that have delivered outsize shareholder payouts.

The Kenyattas lead the pack with a payout of Sh652.5 million from their 13.2 percent stake in NCBA Group #ticker:NCBA , which on Wednesday doubled its dividend per share to Sh3 for the year to December 2021.

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