Presidential order was included in performance indicators for the current financial year ending June 2025.
Kenya has 46 commercial State-owned entities, the majority of which are in the transport and energy sectors.
Chief executive officers of commercial State corporations who fail to surrender 80 per cent of profit after taxation face sanctions after a presidential order was included in performance indicators for the current financial year ending June 2025.
The contracting guidelines for the financial year 2024/25, which were issued to Principal Secretaries last Friday, have modified the policy on dividends to be remitted to the exchequer to include the presidential directive issued in late March.
