The Treasury’s earnings from public investments surpassed the target by Sh18.73 billion during the first quarter of the current fiscal year when Safaricom #ticker:SCOM wired dividends early, helping ease cash flow pressures at a time taxes fell short by Sh62.95 billion.
Latest exchequer disclosures show investment revenue amounted to Sh21.32 billion in the three months to September, overshooting the Sh2.59 billion target by more than seven-folds.
