The Kenya Revenue Authority (KRA) has announced it exceeded its revenue target for the Housing Levy Funds, collecting Ksh73.2 billion in the 2024/2025 fiscal year. This achievement reflects improved compliance despite legal and political challenges surrounding the statutory deductions.

• The KRA surpassed its projected target of Ksh63.2 billion by Ksh10 billion, achieving 115 percent of the set goal.
• President William Ruto assured Kenyans that the funds would be utilized responsibly for government initiatives, including affordable housing, 400 new markets, and student accommodation.
• Almost half of the collected funds have not yet been spent, with the government investing the excess in debt instruments like Treasury bills and bonds.