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HomeDaily NewsThursday, July 17, 2025Kenya's Revenue Collection and Financial Oversight
Business & Economy2 stories from 1 sources

Kenya's Revenue Collection and Financial Oversight

Kenya Revenue Authority collects Sh3.6bn daily; institutions required to meet Auditor-General's financial standards.

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Thursday 4:00 PMCapital Business

Tougher measures help KRA collect Sh3.6bn daily from customs

Tougher measures help KRA collect Sh3.6bn daily from customs

The Kenya Revenue Authority (KRA) has successfully collected about Sh3.6 billion daily from customs, thanks to stricter enforcement measures at border points.

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Key Highlights

The Kenya Revenue Authority (KRA) has successfully collected about Sh3.6 billion daily from customs, thanks to stricter enforcement measures at border points.

  • KRA customs revenue increased by 11.1 percent to Sh879.329 billion in the 2024/2025 fiscal year.
  • Customs inspectors utilized scanners and data analytics to combat smuggling and illicit trade.
  • Import duty collections surged with a notable 67 percent increase from the agriculture sector, while the Road Maintenance Levy saw a 50.9 percent rise to Sh119.66 billion.
Thursday 11:00 AMCapital BusinessFirst

Institutions asked to comply with Auditor-General’s financial requirements

Institutions asked to comply with Auditor-General’s financial requirements

The National Treasury of Kenya has directed all Ministries, State Departments, and Agencies (MDAs) to ensure accuracy in their financial statements before submission to the Office of the Auditor-General (OAG) as part of the drive towards achieving a Zero Fault Audit status.

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Key Highlights

The National Treasury of Kenya has directed all Ministries, State Departments, and Agencies (MDAs) to ensure accuracy in their financial statements before submission to the Office of the Auditor-General (OAG) as part of the drive towards achieving a Zero Fault Audit status.

  • All draft financial statements must be reviewed by three oversight bodies.
  • Led by Principal Secretary Chris Kiptoo, the initiative aims to enhance transparency and accountability.
  • A virtual meeting on May 28, 2025 highlighted ongoing weaknesses in financial management that affect audit integrity.