The Online Kenyan Logo

The Online Kenyan

N
Originally published by Nation News
📰 Read Full Article
top
July 7, 2026
18h ago

Costly automation: Fintechs bag millions as county revenues stagnate

Costly automation: Fintechs bag millions as county revenues stagnate

An audit report has fingered counties for paying vendors up to 15 percent of total collections while key revenue streams remain manual...

✨ Key Highlights

Kenyan county governments are paying millions to private fintech firms for automated revenue collection systems that often remain incomplete, ineffective, and prone to leakages, according to audits.

  • Fintech firms are earning millions in installation fees and commissions of 4-15% on collected revenue, while collections stagnate.
  • Audits by the Auditor-General Nancy Gathungu and the Commission on Revenue Allocation (CRA) reveal systemic issues across multiple counties, including Nakuru, Trans Nzoia, and Uasin Gishu.
  • Senators are pushing to amend the Public Finance Management Act to empower the Auditor-General to audit these private firms, citing billions lost to corruption and loopholes in revenue management.

Continue Reading

Read the complete article from Nation News

📰 Read Full Article
Advertisement

Related News

Counties to share Sh428 billion as Ruto signs county allocation of Revenue Bill 2026
top1w ago

Counties to share Sh428 billion as Ruto signs county allocation of Revenue Bill 2026

President William Ruto has signed the County Allocation of Revenue Bill, 2026, paving the way for a record Sh428 billion to be disbursed to Kenya's 47 county governments.

T
The Standard
📰 Read Full Story
Ruto signs County Allocation of Revenue Bill into law
Video

Ruto signs County Allocation of Revenue Bill into law

C
Citizen TV (Youtube)
1w ago
Ruto assents to County Allocation of Revenue Bill 2026
top1w ago

Ruto assents to County Allocation of Revenue Bill 2026

President William Ruto has signed into law the County Allocation of Revenue Bill, 2026, paving the way for the disbursement of Ksh428 billion as the equitable share of nationally raised revenue to the 47 county governments.

K
KBC Top Stories
📰 Read Full Story
Senate, National Assembly near deal on Counties’ revenue sharing
business4w ago

Senate, National Assembly near deal on Counties’ revenue sharing

The Kenyan Senate and National Assembly are nearing a deal on counties' revenue sharing, with key negotiations centering on a provision to protect devolved units from sudden funding cuts.

C
Capital Business
📰 Read Full Story
Counties to receive Sh428 billion boost after MPs approve Revenue Bill
top1w ago

Counties to receive Sh428 billion boost after MPs approve Revenue Bill

The National Assembly has approved the County Allocation of Revenue Bill, 2026, paving the way for counties to receive a significant financial boost for the upcoming fiscal year.

T
The Standard
📰 Read Full Story
Advertisement