Safaricom’s proposed special dividend to shareholders has broken the Treasury’s projected revenue from public investments in the year starting July by Sh10.72 billion.
The Treasury is now set to pocket Sh26.22 billion from 14.02 billion shares (a 35 per cent stake) held by the taxpayers in the giant telecoms operator, up from Sh15.50 billion it had budgeted for in the estimates to the National Assembly in April.
