Kenyattas, Equity CEO top in Sh63bn bank dividends
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Nairobi, March 30 -- 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.
The Ndegwas will earn Sh876 million on their 12.52 percent ownership in the same bank, which was created following the merger of the former NIC Group and CBA Group.
Mr Mwangi, who owns a 3.4 percent direct stake in Equity, has cemented ...
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