After the International Monetary Fund set December 2019 as a deadline for Cabinet to approve the Dividend and Surplus Policy, Cabinet is yet to approve.
The policy will ensure that State Owned Enterprises (SOEs) are independent from Treasury and start remitting dividends. Ministry of Finance, Economic Planning and Development spokesperson Davies Sado told The Nation newspaper that all the processes on the development were complete, and the document was sent last year to OPC [Office of the President and Cabinet] for approval.
The policy, when approved, will help in providing guidance on how parastatals should handle dividends.