Nairobi, Feb. 23 -- The Treasury is set for a Sh7.7 billion dividend windfall courtesy of Safaricom after the telco announced an interim payout of Sh0.55 per share.

The government holds a 35 percent stake in Safaricom, equivalent to 14.02 billion shares. Multinationals Vodacom Group Limited and Vodafone Group Plc, which jointly hold a 40 percent stake or 16 billion Safaricom shares, will earn Sh8.8 billion in interim dividends from their stake.

Retail investors owning up to 100,000 shares each will on their part share Sh648.6 million in the dividend. These investors numbered 533,172 by the end of December 2023, but only held 2.9 percent or 1.18 billion shares of the company.

The telco on Thursday announced that the Sh22.03 billion inte...