The Kenya Bankers Association (KBA) has urged the government to reconsider its planned overhaul of Pay-As-You-Earn (PAYE) tax bands, warning that declining real wages could negatively impact economic stability, business confidence, and public trust ahead of the 2027 General Elections.

• The KBA proposed scrapping the top two PAYE bands of 32.5 percent and 35 percent to reduce the lowest band from 10 percent to 5 percent.
• The Chief Executive Officer, Raimond Molenje, emphasized the private sector's vulnerability to instability, stating that stability is crucial before and after the polls.
• These changes are intended to leave households with more disposable income, spur consumer spending, and stimulate sustainable economic growth across sectors.