logo

Kenya sees decline in tax revenues due to COVID-19

Kenya’s total tax receipts in the first month of the financial year fell by 12 per cent, reflecting an environment of depressed economic activity. Kenya Revenue Authority collected about $876 million in taxes in July compared with about $995 million a year earlier, the lowest receipts since 2017. Churchill Ogutu, Head of Research at Genghis Capital spoke to CNBC Africa for more.


Tue Aug 25 2020 | 14:42:24 GMT+0000 (Coordinated Universal Time)

Share

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.