Page 6 - உலகளாவிய கூட்டு க்கு எத்தியோப்பியா News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Safaricom to retain dividends despite Ethiopia cash demands Monday June 28 2021 By PATRICK ALUSHULA Safaricom #ticker:SCOM 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. This has raised analysts’ fears that Safaricom could cut dividends to fund the Ethiopia operations through a mix of debt and internal revenues. “Our dividend payout which is 80 percent of net income for the year remains unchanged,” said Dilip Pal, Safaricom CFO, at an analysts conference call.

United kingdomPeter ndegwaDilip palAfrica vodacomGlobal partnership for ethiopiaUs international development finance corporationCo op bankStandard chartered kenyaAbsa kenyaSouth africaGlobal partnershipDevelopment finance corporationஒன்றுபட்டது கிஂக்டம்பீட்டர் நிடேகுவநீர்த்துப்போக நண்பாஉலகளாவிய கூட்டு க்கு எத்தியோப்பியா