This archive report was first published on 31 August 2019.
Published on August 31, 2019, Safaricom is seeking a new study on its dominance in Kenya's telecommunications industry, citing significant market changes since the last study in 2016.
The company's chief corporate affairs officer, Stephen Chege, stated that the previous study's information is outdated and ineffective. He emphasized that the market has undergone substantial changes, including the proposed merger, which necessitates a review of the existing data.
Analysys Mason conducted the 2016 study, but it has yet to be officially released. Safaricom's board chairman, Nicholas Ng'ang'a, reiterated the company's stance against separating M-Pesa from Safaricom, as proposed in the Analysys Mason report.
During the company's 11th Annual General Meeting (AGM), shareholders approved a special dividend of Sh0.62 per share, totaling Sh24.84 billion, and a final ordinary dividend of Sh1.25 per share, amounting to Sh50.08 billion. This marks one of the highest dividend payouts in recent years.
Interim CEO Michael Joseph expressed pride in the company's consistent dividend payments since going public in 2008, stating that they have now paid out more than the initial investment of Sh5.
