NSE companies pay parent firms Sh40bn dividends

Standard Chartered Bank of Kenya last year spent Sh205.63 million on redundancies.

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Multinationals with subsidiaries operating and listed in Kenya are set to earn a total of Sh40.1 billion in dividends, comprising final and interim payouts by firms such as Safaricom, Absa Bank Kenya and BAT Kenya.

The multinationals earned a slightly higher sum of Sh40.7 billion worth of dividends in the comparative period a year earlier.

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