33 banks contribute 8% of Kenyan Gov’t revenue: Report
Originally published by Citizen Digital — Read the original article →
The banking sector has hit an all-time high in its tax
contribution, accounting for Ksh.205.58 billion in taxes collected in 2025.
Speaking during the release of the seventh edition of the
total tax contribution report by the Kenya Bankers Association (KBA), the sector’s
umbrella body noted that the participating banks contributed 22.15 per cent of
the total corporate tax collected by the government in 2025.
The contribution to the country’s tax revenue by the banking
sector saw a 5.53 per cent, crossing the Ksh.200 billion mark for the first
time from Ksh.194.81 billion posted by the sector in 2024.
