According to a report by the Central Bank of Kenya (CBK), 15 Kenyan banks have been transporting billions in physical cash to countries including the United Kingdom and United States.

• 15 banks accounted for 39.4% of commercial banks in Kenya involved in cash transport.
• The report highlights cash outflows, with the UK receiving 42% of the total.
• Primary sources of the transported cash include customer deposits and subsidiaries, despite 67% of banks noting instances of cash smuggling.

The Kenya Revenue Authority has been urged to waive tax penalties following public outrage over technical failures in the iTax system that affected return filing ahead of the June 30 deadline.

• July 5 is the revised deadline for filing returns after two extensions due to system issues.
• Charles Dulo, acting chairperson of the Office of the Ombudsman, emphasized that penalizing taxpayers under these conditions was unjust.
• The KRA confirmed that disruptions in the iTax system had hindered compliance, noting that they would waive penalties for late submissions if filed by next year's extended deadline.