State's dividend earnings dip for second year to Sh45.5b

Kenyan Shillings in the black wallet on a wooden background. [Getty Images]

The government's income from profits and dividends in the companies that it owns fell nine per cent in the year to June 2022 as the economy continued to reel from the impact of the Covid-19 pandemic.

The State earned Sh45.53 billion from the various companies that it fully or partially owns over the financial year, which was Sh4.5 billion less than the Sh49.98 billion earned over a similar period in 2021.