Safaricom to retain dividends despite Ethiopia cash demands

safaricom plc


Business Daily | by Patrick Alushula


Safaricom will maintain a dividend policy of paying out 80 percent of its net profit despite committing billions of shillings to expansion into Ethiopia through a consortium.

A consortium majority controlled by Safaricom pledged to invest Sh909.5 billion ($8.5 billion) in their network over the next decade, including the Sh90.9 billion ($850 million) licence fee…

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