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Originally published by Capital Businessbusiness
October 24, 2025
1d ago
Lenders pay Sh38.5 in tax for every Sh100 profit

NAIROBI, Kenya, Oct 24 - Kenyan lenders paid Sh38.5 in taxes for every Sh100 profit earned in 2024, new industry data shows. According to the Kenya Kenya breaking news | Kenya news today |..
✨ Key Highlights
Kenyan lenders paid 38.5% of their profits in taxes in 2024, a decrease from the previous year, according to new industry data. This significant contribution highlights the banking sector's crucial role in national revenue.
- The Total Tax Rate (TTR) for Kenyan banks dropped from 46.77% in 2023 to 38.5% in 2024.
- The industry paid a total of Sh194.81 billion in taxes to the National Treasury in 2024.
- The report, a collaboration between the Kenya Bankers Association (KBA) and PwC Kenya, covered 36 banks and microfinance institutions.
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