President Ruto goes for State corporations’ cash surpluses in fresh mop-up

President William Ruto meets parastatal heads and CEOs at State House Nairobi on March 26, 2024. PHOTO | PCS

President William Ruto has ordered all commercial State corporations to remit 80 percent of their net income to the exchequer in a fresh mop-up aimed at propping up the National Treasury coffers.

The order followed a meeting between the President and the chairpersons and chief executive officers of State corporations on Tuesday at State House Nairobi.

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Note: The results are not exact but very close to the actual.