Bloomberg News

Kenya Customs Revenue to Climb on Shilling Fall, Tax Agency Says

October 13, 2011

Oct. 13 (Bloomberg) -- Kenya’s customs income will probably increase this year because of the depreciation of the shilling, Michael Waweru, the commissioner general of the Kenya Revenue Authority.

Customs income accounts for 37 percent of the East African nation’s total revenue, Waweru told reporters today in Nairobi, the capital.

Kenya’s shilling is the worst-performing currency against the dollar this year, losing 22 percent, according to data compiled by Bloomberg.

To contact the reporter on this story: Johnstone Ole Turana in Nairobi at jturana@bloomberg.net

To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net


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