Also known as: KBA
Kenya Bankers Association — banking industry group opposing 2026 Finance Bill tax proposals on digital payments and card transactions.
Verbatim sentences from the source article.
The Standard
… Recent data from the Kenya Bankers Association shows that more than half of the industry’s customers now prefer self-service channels such as mobile and internet banking. …
One customer experience at a time: How digital banking is reshaping Kenya's economyThe Standard
… Recent data from the Kenya Bankers Association shows that more than half of the industry’s customers now prefer self-service channels such as mobile and internet banking. …
How digital banking is reshaping Kenya's economy, one customer experience at a timeCitizen Digital
… He explained that the Cyber Shujaa, an upskilling program, delivered in partnership with the Kenya Bankers Association and the Challenge Fund for Youth Employment, had so far trained and immersed over 5,000 cybersecurity professionals against a target of 4,850 professionals. …
Kenyan firms ramp up cyber fraud prevention as demand for digital services spikesOver 43.9 million Kenyans cannot afford a healthy diet—a rise of 9.6 million since 2017—as the daily cost climbed from Sh331 to Sh582 per person, according to a UN Food and Agriculture Organisation report. Workers' purchasing power has fallen by up to 12 per cent over five years due to statutory deductions and rising taxes.
23 July 2026 · The Standard →
Over 43.9 million Kenyans cannot afford a healthy diet—a rise of 9.6 million since 2017—as the daily cost climbed from Sh331 to Sh582 per person, according to a UN Food and Agriculture Organisation report. Workers' purchasing power has fallen by up to 12 per cent over five years due to statutory deductions and rising taxes.
23 July 2026 · The Standard →
At the 23rd East African Banking School Conference in Diani, banking regulators and executives discussed how artificial intelligence and alternative data can expand credit access for young people and small businesses, while the Central Bank of Kenya Governor cautioned that AI models must remain transparent, explainable, and subject to human oversight.
20 July 2026 · Citizen Digital →
Parliament removed a proposal to impose Value Added Tax on person-to-person digital money transfers in the Finance Act 2026, protecting millions of Kenyans relying on digital group contributions. The Finance Bill was passed on June 18, 2026, with 122 MPs voting in favour and 40 against, and the Departmental Committee on Finance and National Planning recommended the removal after public participation involving more than 100,000 submissions.
1 July 2026 · Citizen Digital →
The Finance Bill 2026 seeks to empower the KRA commissioner to reclassify commercial deals as tax avoidance, seize bank accounts during appeals, and access private payment data without court approval. The proposal has drawn opposition from the Kenya Bankers Association, the Law Society of Kenya, Ernst & Young, Deloitte, PwC, and KPMG, who argue it dismantles taxpayer safeguards and forces taxpayers to pay disputed taxes before seeking justice.
10 June 2026 · The Standard →
Tax experts and financial sector stakeholders have welcomed several proposals in the Finance Bill 2026, particularly measures aimed at easing the tax burden on Kenyans, while calling for amendments to ensure greater fairness and economic impact. ICPAK Chairperson Elizabeth Kalunda praised the bill for avoiding new taxes during economic pressures and welcomed proposals for pre-populated tax returns and exemptions from taxation.
5 June 2026 · Citizen Digital →
A petition has been filed at the High Court in Nairobi seeking to stop commercial banks from unilaterally increasing interest rates, default charges, and other loan-related fees. The petitioner argues that banks have been relying on contractual clauses to impose upward variations without demonstrating compliance with the Banking Act and constitutional requirements.
25 May 2026 · Citizen Digital →
ICPAK and the Kenya Bankers Association are calling for an overhaul of the Finance Bill 2026, specifically opposing proposals to tax money transfers through platforms such as M-Pesa and PayPal, and to introduce withholding tax on bank card transactions like VISA cards.
23 May 2026 · The Standard →
The Kenya Bankers Association has called for deletion of proposed Withholding Tax on card transaction fees and a 16 per cent VAT on digital payment processing, warning the combined tax burden would increase total digital financial transaction costs and risk financial exclusion.
21 May 2026 · Capital News →
Banking and accounting industry groups have submitted proposals to the National Assembly Finance Committee calling for reductions in PAYE rates and expansion of tax bands, arguing that lowering the marginal rate to 30 per cent on the higher bracket would release approximately Ksh.28 billion into the economy.
21 May 2026 · Citizen Digital →
Although an estimated 1,500 cybersecurity graduates enter the Kenyan job market annually, employers struggle to fill key positions due to a mismatch between university training and industry demands. Training institutions focus on network security and vulnerability analysis while graduates lack skills in cybersecurity law, malware analysis, cryptography, cloud security, cybercrime and digital forensics, contributing to unemployment and long job search periods.
17 May 2026 · The Standard →
Digital channels now dominate bank interactions globally, with more than half of Kenya's banking customers preferring self-service options like mobile and internet banking. Today's customers expect financial services to be fast, simple, and seamlessly integrated into their everyday lives.
6 May 2026 · The Standard →
More than half of Kenya's bank customers now prefer self-service channels like mobile and internet banking, reflecting broader expectations for convenience, efficiency, and seamless integration into daily life. Banks that fail to meet digital expectations risk losing customers to competitors.
6 May 2026 · The Standard →
Kenyan companies are strengthening cybersecurity defences through hiring more professionals and investing in tools and infrastructure to counter rising criminal attacks. According to Serianu CEO William Makatiani, firms have deepened cybersecurity budgets by at least 40 per cent over the past year and expect overall cybersecurity budgets to reach Ksh.5 billion in 2026.
28 April 2026 · Citizen Digital →