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British Firms Rake in Sh19bn Dividend From Kenya Units

British investors holding significant stakes in Nairobi bourse-listed companies have earned a total of Sh19.2 billion (£133.7 million) in dividends and fees for the fiscal year 2013, highlighting the former colonial master’s grip on the Kenyan economy. London-based multinationals and private equity firms have raked in super earnings given that they own sizeable shareholding in […]

UK companies with significant stakes in Kenya’s listed firms are taking home more than Sh20 billion in dividends and fees this year, underlining the former colonial master’s continued dominance in the economy. Financial results so far released for the six companies with large British ownership show that the foreign owners will take home Sh20.3 billion […]

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