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Financial Movements and Economic Concerns in Kenya

15 Kenyan banks move billions in cash overseas, while KRA faces public outcry over tax penalties.

📰 Coverage & Analysis

15 Kenyan Banks Move Billions in Physical Cash to UK, US - CBK Report

Analysis: 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.

Kenyans•2mo ago

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KRA Urged to Waive Tax Penalties After Public Outcry

Analysis: 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.