Kenyatta Family Fortune: The Kenyatta family is set to rake in millions of money. The first family will take home a whopping Sh. 326 million. This is thanks to their stake at the NCBA Bank.
The family holds a combined 13.2 percent stake in the bank. The NCBA bank is set to pay dividends at a rate of Sh. 1.50 per share. This will see the Kenyatta and the Ndegwa families who are the mega shareholders in the bank walk home with millions.
On their part, the Ndegwa family will pocket Sh. 290 million from their 11.7 per cent stake in the bank.
Over the recent years, the Kenyattas have been raking in hundreds of millions from their investments in various firms on the NSE. Last year, the family took home a dividend pay of Sh. 296.5 million. This was the first dividend the family was earning following the merger of their CBA bank with NIC bank. The Ndegwa family pocketed a payout of Sh. 263.9 million last year from the same lender.
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Other than the Kenyatta family, Equity Bank chief executive officer Dr. James Mwangi has also been earning big bucks thanks to his stake in various listed firms. In 2020, Dr Mwangi, who owns a five percent stake in Equity, will cemented his position as the biggest individual dividend earner with a payout of Sh. 471.7 million following the bank’s 2019 full year results. Kenyatta Family Fortune.