Hi Michael, I've just gone through their dividend payment flier. There is no charge in buying airtime. Quoting FAQ #7: "Will I be charged to Receive my dividend by M-PESA? NO. *You will not be charged to receive your dividend by M-PESA* but note that the normal M-PESA transfer charges apply to transactions on your account e.g withdrawal, paying bills etc. apart from *buying airtime which is free of any charges."* Seems like the only cost will be "effort" :) Tony.

Michael, That is a very smart thinking. To add to the cost of withdrawal, people living upcountry sometimes spend on transport to access M-Pesa services. Maybe Safaricom could create an SMS system where shareholders could choose whether they want to be paid in cash OR equivalent in form of airtime. Akich Kwach ----- Original Message ----- From: "michael Ouma" <[email protected]> To: <[email protected]> Cc: "KICTAnet ICT Policy Discussions" <[email protected]> Sent: Monday, October 12, 2009 11:36 AM Subject: [kictanet] Safaricom's low dividend payments

Hi all:

just wondering: would it make more sense for safaricom to just 'sambaza' airtime amounts equivalent to the dividend payments for those with less than say 2,000 shares (which translates to a dividend of khss 200), as i believe this would save them (shareholders) from having to incur the MPESA transaction fees of Kshs 30?

what do others think?

thanks.

Michael Ouma Journalist Nairobi, Kenya Tel: +254-725-537823 / +254-0731-201729 Email: [email protected]

"There are risks and costs to a program of action, but they are far less than the long-range risks and costs of comfortable inaction," - JF Kennedy.

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