KPC's Sh7b windfall boosts cash-strapped Treasury

Deputy Chief of Staff Eliud Owalo meets KPC Managing Director Joe Sang and top management at KPC Head Office for the 2023/2024 performance appraisal.

The Kenya Pipeline Corporation (KPC) has remitted Sh7 billion in dividends to the National Treasury, providing a much-needed boost to the strained Kenya Kwanza government's coffers.

The dividend remittance, for the fiscal year ending June 30, 2024, comes as a huge boost for the cash-strapped Treasury which is seeking to raise additional resources for budget support.