Banks Petition Govt for 5% Tax Adjustment for All Kenyan Workers
The tax proposal is expected to spark debate among workers as the government tries to balance out revenue collection with economic recovery efforts...
✨ Key Highlights
The Kenya Bankers Association (KBA) is advocating for a unified 5% reduction in Pay As You Earn (PAYE) taxes across all income brackets to stimulate the Kenyan economy.
- A 5% PAYE reduction could inject approximately Ksh28 billion annually into the economy.
- The proposal is led by KBA CEO Raimond Molenje, aiming to boost household spending and support MSMEs.
- This push comes as real incomes have declined by 10.7% to 12% in five years, while the government is considering a PAYE cut for those earning Ksh30,000 or less.
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Bitok Directs School Heads to Curb Unrest Amid Second Term Crisis - May 2026
Kenya's Basic Education Principal Secretary Julius Bitok has directed school heads and education officials to implement proactive measures to curb rising unrest in schools, particularly during the crucial second term. This directive comes after Magereza Academy in Naivasha was closed indefinitely following a dormitory fire that occurred on Wednesday, May 13, with four students arrested in connection with the incident. Separately, the Kenya Bankers Association is advocating for a unified 5% reduction in Pay As You Earn (PAYE) taxes across all income brackets to stimulate the Kenyan economy.
