The Central Bank of Kenya (CBK) and Capital Markets Authority (CMA) have issued conflicting directives on how companies should pay dividends following the freeze on Annual General Meetings (AGMs), causing confusion over how bank shareholders will share profits in the wake of the coronavirus restrictions.

Both regulators agree that AGMs must be postponed in the wake of calls to shun large gatherings for fear of spreading infections which have claimed 14 lives and infected 270 people in Kenya. Read more