The sale of Safaricom and Kenya Pipeline Company (KPC) will be key in raising cash to help Treasury Cabinet Secretary John Mbadi fund Sh4.24 trillion budget for the year starting July in the wake of a slowdown in new and higher taxes.
The Treasury targets to raise nearly Sh2.76 trillion from ordinary revenue —taxes, return on government investments, levies, fines, forfeitures and rent on buildings— a growth of 6.82 percent over Sh2.58 trillion estimates for the current financial year ending this month.
