T
Originally published by The Standard BusinessFebruary 2, 2026
1d ago
How trade fraud deprives Kenya of trillions in taxes, fuels debt crisis

While KRA is hunting for millions of shillings from individuals, it is overlooking billions of shillings systematically siphoned off by large corporations through manipulated paperwork...
✨ Key Highlights
Kenya is estimated to have lost over Sh6.1 trillion in potential tax revenue between 2013 and 2022 due to "trade misinvoicing," a sophisticated form of fraud primarily perpetrated by large corporations. This substantial loss, highlighted by a global financial watchdog, severely undermines the government's ability to fund development and address its growing debt crisis.
- Kenya has lost an estimated Sh6.1 trillion between 2013 and 2022 due to "trade misinvoicing."
- The estimate comes from a report by Global Financial Integrity, a global financial watchdog.
- This amount is nearly 50 times more than the taxes currently being aggressively pursued from small traders and salaried employees.
Continue Reading
Read the complete article from The Standard Business
Advertisement
Related News
Advertisement




