Africa development bank has today held a seminar on VAT Digitalization in Nairobi as the Bank’s growing engagement in strengthening public financial management across Africa. The Bank has worked closely with governments, including the Government of Kenya, to support fiscal reforms, revenue mobilization, and improved governance through a range of instruments, including budget support and technical assistance.
Speaking during the hybrid seminar at a Nairobi hotel Mr. Kennedy Mbekeani Director General, East Africa Regional Office, African Development Bank has reiterated the banks commitment
Strengthening governance in a Ten-Year Strategy with a clear emphasis on accountability,transparency, and efficient public institutions.
Across Africa, digitalization is transforming how tax systems operate. VAT, which constitutes a significant share of domestic revenue, is at the center of this transformation. By embracing technology, countries are not only increasing compliance and expanding their tax base, but also fostering greater transparency, trust, and accountability between states and their citizens.
The seminar will help deepen understanding of critical reforms and a platform for sensitization and peer learning. Domestic Resource Mobilization is a principal pillar of the Bank’s Strategy for Economic Governance in Africa (SEGA),which serve as a foundation for sustainable development and financial sovereignty across the continent.
