Kenyattas, Equity CEO top in Sh63bn bank dividends

DIVIDENDS

The families of Jomo Kenyatta and former Central Bank of Kenya Governor Philip Ndegwa and Equity Group chief executive James Mwangi are among the top beneficiaries of the combined Sh63 billion dividends that Kenya’s listed banks are set to pay.

The Kenyattas are set to receive Sh924.26 million for their combined 13.2 percent stake in NCBA Group, which has proposed a payout of Sh4.25 per share, up from Sh3 a year earlier. The Kenyattas received Sh652.5 million in dividends last year.

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