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Bankers push for PAYE tax cuts to boost consumer spending capacity - April 2026

Home Daily News Thursday, April 2, 2026Bankers push for PAYE tax cuts to boost consumer spending capacity - April 2026

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Bankers push for PAYE tax cuts to boost consumer spending capacity - April 2026

Kenyan bankers are advocating for a reduction in Pay As You Earn (PAYE) taxes as a strategic move to stimulate consumer spending. The Kenya Revenue Authority has introduced a new WhatsApp service aimed at simplifying tax filing and improving compliance for taxpayers across Kenya. Meanwhile, the Kenyan Shilling has reached a significant milestone, averaging an exchange rate of 130 against the US Dollar. Struggling pension scheme Telposta Pension Scheme is planning a significant KSh 10 billion asset sell-off to address its financial difficulties.