For the first time in years, Olympia has received clean statements from their auditors (DCDM) and the company resumes paying a dividend of this year of Kshs. 0.20 per share.
Also Paul Wanderi Ndungu, a lawyer who made a windfall with Kenya Airways shares, and is now Olympia’s second largest shareholder with 12.25% behind Dunlop properties, has joined the Olympia Board this year along with John Simba.
The company will also take a majority shareholding in Avon Limited, and Mather & Platt in addition to increasing investment in Heri Limited. But its attachment to Kenya is miniscule with just 5% of revenue from here (95% was from Botswana – up from 85%)
See Olympia accounts summary here.