Kenya’s listed mobile phone operator Safaricom has allocated a hefty Ksh75 billion ($750 million) bonus to its shareholders after growing net profit by 14.7 per cent to Ksh63.4 billion ($634 million) during a difficult period that saw net earnings for 15 listed firms drop by at least 25 per cent.
The bonus, whose disbursement is still subject to shareholder approval, comprises normal and special dividends of Ksh50.08 billion ($500.8 million) and Ksh24.84 billion ($248.4 million) respectively.
