Nairobi, March 7 -- Top Kenyan investors in MTN Uganda earned Ksh44.7 million (Ush1.22 billion - $314,788) in dividends in the financial year ended December 2023, when the telco reported a 21.4 percent profit jump to Ksh18 billion (Ush493 billion - $126.8 million) in the period.

For the 2023 financial year, MTN Uganda is paying shareholders a total dividend of Ush18 (Ksh0.66) per share, representing an increase of 13.2 percent from the 2022 payout of Ush15.90 (Ksh0.58) per share.

The telco listed on the Uganda Securities Exchange in 2021 in an initial public offering (IPO) that was open to Kenyans, allowing several institutional and individual investors to take up shares in the company.

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