Kenya: Nation Retains Dividend at Sh10 a Share

Nation Media Group (NMG) maintained its total dividend payout at Sh10 per share for the sixth year in a row after weathering a tough 2017 -- that was characterised by weak macroeconomic conditions and challenging trading environment -- to produce a solid outcome.

Wilfred Kiboro, company chairman, said the NMG had shown resilience in a challenging environment marked by protracted electioneering, delays in payment, especially from government, coupled with declining circulation volumes and advertising revenues.

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