National Treasury Principal Secretary Dr. Julius Muia, National Treasury Cabinet Secretary Ukur Yatani, KCB Group Chairman Andrew Wambari Kairu, and KCB Group CEO and Managing Director Joshua Oigara during the dividend cheque handover to the National Treasury. Safaricom and KCB Group have boosted the National Treasury’s coffers with a total dividend payout of Sh21.7 billion. Out of a dividend payout of Sh56 billion that Safaricom paid for the financial year ending December last year, the government will receive around Sh24 billion. In the current financial year ending this month, National Treasury expects to receive Sh29 billion in dividends from its investments. The government also expects to receive dividends of Sh1.5 billion from the Central Bank of Kenya in the current Financial Year.

Source: Standard Digital June 17, 2020 16:30 UTC