NAIROBI, April 30 – Kenya Revenue Authority (KRA) has partnered with the Kenya Bankers Association (KBA) in a move anchored on streamlining revenue mobilization.

The partners seek to ride on their earlier collaboration in technical expertise and research assistance
during the development of the 2022 Total Tax Contribution studies where 39 banks participated to fast-
track the process.

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KRA Commissioner General Humphrey Wattanga acknowledged the banking sector as a key stakeholder
in Kenya’s financial sphere with a significant contribution to revenue.

“The banking industry contributes about 10 percent of the total revenue that we collect and we welcome these consultative interactions for better facilitation of the sector,” he said.

On his part, KBA CEO Raimond Malonje reiterated KBA’s commitment to contribute to Kenya’s economic
growth and support the Government in fulfilling its mandate to the people.

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He added that the banking industry would collaborate with KRA to unlock any bottlenecks within the
ecosystem to drive revenue growth.

The partnership seeks to leverage technology to enhance efficiency of the tax administration.