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More than $400 million, about Sh51.6 billion, has already gone into Kenya’s electric mobility sector, covering vehicle assembly, battery technology, charging facilities and other related businesses, according to KAM.
The Agriculture Cabinet Secretary said the Government was keen to resolve the VAT refund issue and would raise the matter with the Treasury.
The authority said the illicit cargo could have denied the government Sh29.177 million in taxes had it reached the market.
The President pointed to several commitments he made at the 2023 summit which he said had since been implemented. These include removing VAT on exported services, allowing verified tax refunds to be paid within six months or offset against future tax liabilities, and ending premature taxation of shares allocated to startup employees.
Consolidated cargo enables several small importers to ship their goods together in one container. By sharing the same container, traders can reduce shipping and other logistics expenses that would otherwise be incurred when each importer brings in a separate consignment.
Mundalo cited Nyoro’s criticism of policies associated with his former Budget Committee role as evidence of what he described as political inconsistency
Income tax has taken the biggest cut, with the projected collection reduced by Sh78.6 billion from Sh1.384 trillion to Sh1.305 trillion. The income tax category, which includes corporate taxes paid on profits as well as Pay As You Earn (PAYE) deducted from workers' salaries and wages, remains the largest source of the expected revenue decline.
Taking to his X account on Wednesday, Otieno said any future political unity must be anchored on economic sovereignty, job creation, lower taxes and the protection of public resources, as political realignments gather momentum ahead of the 2027 General Election
The tax amnesty, which took effect on July 1 and will run until December 31, 2026, was brought back under the Finance Act, 2026. It allows taxpayers to enjoy a 100 per cent waiver of penalties, interest and fines on tax debts that accumulated up to December 31, 2025, as long as they meet the conditions set under the law.
Figures released by the tax authority show revenue collected through ADR climbed to Sh35.06 billion in the 2025/26 financial year, up from Sh15.3 billion recorded the previous year, translating to a 129.22 per cent increase.
KRA also surpassed its customs revenue target after collecting Sh988.8 billion against a target of Sh980.8 billion, achieving a performance rate of 100.8 per cent. Domestic revenue reached Sh1.851 trillion, equivalent to 93 per cent of the target for the financial year.
Speaking on Radio Generation on Monday, Omtatah alleged that legal provisions within public finance laws had created opportunities for abuse and opened avenues for funds to be handled outside constitutional requirements.