Bankers Seek PAYE Cut for All Workers as Ruto Targets Low Earners

The Kenya Bankers Association (KBA) is calling for a five-percentage-point PAYE cut for workers across all income brackets, while President William Ruto has proposed exempting those earning Ksh32,333 or less per month. KBA chief executive Raimond Molenje says a broader cut could increase workers’ take-home pay and help restore trust in government. The association estimates the proposal would return about Ksh28 billion annually to workers and generate nearly Ksh42 billion in economic output through increased consumption. The government plans to submit an amendment to Parliament in November to formalise its targeted exemption, which still requires legislative approval.