I live in Nairobi Kenya and use Stanbic financial services, and I also own shares in Stanbic Uganda that issues final year and sometimes interim dividend.

However, given the exchange rate between Kenya shilling and Uganda shilling, the bank charges of cashing an UGX dividend cheque eats up about 25% of my dividend, and I’m sure that figure is higher for other shareholders who either (i) own less shares or (ii) bank with more expensive institutions.

I want to request that Stanbic Kenya and Stanbic Uganda as well as other countries with many investors in UG shares to work out an arrangement for settling these cheques that are (i) more affordable e.g. $US1 (ii) Faster than the 30 days wait it takes.