Dividend repatriations by listed multinationals and firms with significant foreign shareholding look set to worsen the effects of dollar shortages that have seen banks run out of the greenback on some days.
Blue chip companies like Safaricom, BAT Kenya, Standard Chartered, Bamburi Cement and Stanbic Bank are entering their dividend season, with the banks expected to issue outsized payouts after reporting record profits for the year ended December 2022.
