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KRA owes suppliers Sh9.5bn following funding cut

KRA headquarters

Clients seeking services at KRA headquarters, Times Tower, Nairobi on February 23, 2024.

Photo credit: Wilfred Nyangaresi | Nation Media Group

What you need to know:

  • The bulk of it is owed to Swiss security printer Sicpa SA.
  • KRA awarded Sicpa SA a contract for the supply of stamps.

The Kenya Revenue Authority (KRA) has accumulated pending bills worth Sh9.45 billion, with the bulk of it owed to Swiss security printer Sicpa SA for the supply of excise duty stamps.

KRA officials asked Parliament to allocate Sh4.47 billion towards clearance of the Excisable Goods Management System (EGMS) debt.