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Safaricom ditches cheques for faster dividend payment tools
From left: Safaricom Telecommunications Ethiopia CEO Wim Vanhelleputte, Safaricom Chief Executive Peter Ndegwa and Chief Finance Officer Dilip Pal during the firm's 2023/2024 half-year financial results briefing on November 9, 2023, at Michael Joseph Centre.
Safaricom has locked shareholder dividend disbursements to electronic platforms including bank transfers and M-Pesa, ditching the use of cheques for such transactions.
The telco, in a notice, has asked all its shareholders to update their details with its shares registrar to provide information stating their preferred electronic payment mode.
