This archive report was first published on 5 June 2020.
KCB shareholders have appointed PriceWaterhouseCoopers (PwC) as the company's new auditors, replacing KPMG East Africa. The decision was made during a virtual Annual General Meeting (AGM) held on June 4th.
On June 4th, 2020, KCB shareholders gathered virtually to make key decisions about the company's future. One of the most significant decisions made during the meeting was the appointment of PwC as the company's new auditors.
According to the meeting's resolutions, PwC will take over from KPMG East Africa, whose contract has expired. The appointment of PwC as KCB's new auditors is a significant development for the company, and it is expected to bring about a fresh perspective and new insights to the company's financial management.
During the meeting, shareholders also adopted the audited consolidated financial statements for the year ended December 31st, 2019. Additionally, the shareholders confirmed the interim dividend of KSh1.00 per ordinary share paid on November 15th, 2019.
Furthermore, the shareholders approved the final dividend of KSh2.50 per ordinary share, payable net of withholding tax, on or before July 3rd, 2020, to shareholders on the register at the close of business on April 27th, 2020.
The shareholders also re-elected Georgina Malombe, Andrew Wambari Kairu, Lawrence Njiru, Anne Eriksson, and John Nyerere to continue serving in the board of directors.
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