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Reuters
Reuters
Business
By Duncan Miriri

Kenya looks to fix finances by nailing tax cheats, cutting borrowing

FILE PHOTO: A customer conducts a mobile money transfer, known as M-Pesa, at a Safaricom agent stall, as he holds Kenyan shillings (KSh) in Nairobi, Kenya October 16, 2018. REUTERS/Thomas Mukoya

Kenya plans to link its tax collection system to mobile financial platforms to weed out tax evaders and boost revenue by billions of shillings, part of a raft of measures to repair its coffers, the finance ministry said in a draft budget statement.

President William Ruto's administration, which took over last September, inherited a heavily indebted economy after his predecessor ramped up borrowing to build infrastructure.

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