Bloomberg News

Kenya Revenue Collection Grew 15% in Fiscal First Quarter

October 14, 2011

Oct. 14 (Bloomberg) -- Kenya’s government collected 161 billion shillings ($1.61 billion) of revenue in the fiscal first quarter, up 15 percent from the same period a year earlier, the Kenya Revenue Authority said.

The East African nation is expected to receive 186.6 billion shillings in the second quarter through December, though collections may be curbed by economic “turbulence,” the Nairobi-based authority said in an e-mailed statement today. The government is targeting revenue of 733.4 billion shillings in the 12 months through June 2012, it said.

To contact the reporter on this story: Sarah McGregor in Nairobi at smcgregor5@bloomberg.net

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net


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