Multinationals start wiring Sh42 billion NSE dividends

From left: CEOs Peter Ndegwa of Safaricom, Jane Karuku of EABL and Abdi Mohamed of Absa Bank Kenya.

Photo credit: File | Nation Media Group

Multinational companies holding major stakes in Nairobi bourse-listed firms are repatriating Sh42.2 billion to parent companies, reflecting the importance of the Kenyan units to conglomerates’ bottom lines.

Safaricom, BAT Kenya, and EABL and banks such as Absa Bank Kenya, Standard Chartered and Equity Group are among the companies that have raised their interim and final payouts this year.

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