Kenyans face more tax pain after the International Monetary Fund (IMF) signalled the need to raise revenue as a condition to its multi-billion loans facility for the country.
The IMF says Kenya under-performed on revenues in the year to June — a period before the withdrawal of the Finance Bill, 2024 that has left the Treasury in a financial strain. It wants Kenya to increase tax collections despite the withdrawal of new taxes in the Finance Bill after deadly youth-led protests.
