Banks collect more taxes for govt than they pay themselves for first time
Originally published by People Daily — Read the original article →
For the first time in the history of a study tracking Kenya’s banking sector, taxes collected by banks on behalf of the government exceeded the taxes they paid directly, highlighting the industry’s growing role in revenue collection. The 33 participating banks and microfinance institutions collected Ksh107.22 billion in taxes in 2025, compared with Ksh98.36 billion […]