A recent report by the African Development Bank (AfDB) has highlighted that Kenya loses at least Ksh297 billion annually due to corruption, tax exemptions, and inefficiencies in public spending.

• Approximately $1.5 billion (Ksh193 billion) is lost each year to corruption and illicit financial flows.
• African Development Bank (AfDB) released the findings on July 2, 2025.
• The report emphasizes that addressing corruption and enhancing transparency are crucial for economic recovery and attracting investment.