Nairobi, Oct. 18 -- The government's earnings from public investments surpassed the target for the year ended June 2021 by Sh3.7 billion, reflecting higher levels of dividend payouts than the National Treasury had projected.
A latest exchequer report shows that income from dividends and other profit -wired by parastatals, state agencies as well as quoted and private firms where taxpayers have a stake - amounted to nearly Sh36.24 billion against a revised goal of Sh32.54 billion.
That was an 11.38 percent overshot.
The earnings, which helped ease cash flow challenges at the time tax receipts were still recovering from Covid knocks, were 4.61 percent higher than Sh34.64 billion a year earlier.
The dividends were largely boosted by Safaric...