Banking transactions revenue dips despite increase in fees, taxes

Latest data compiled by Kenya National Bureau of Statistics (KNBS) shows that revenue from financial transactions dipped to their lowest level in three years. GRAPHIC | NMG

Revenue collected from financial transactions dipped 26.3 percent to Sh10.1 billion from Sh13.7 billion in 2017, despite a rise in taxes in the last quarter of the year.

Latest data compiled by Kenya National Bureau of Statistics (KNBS) shows that the revenue dipped to their lowest level in three years.

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Note: The results are not exact but very close to the actual.