Recent financial reports have just revealed that churches in Kenya especially those based in Nairobi are raking in billions of shillings every year.
The fact that these monies are un-taxed mean that the net sums every year for the churches are astonishing and even put to shame quite a number of medium sized companies to shame while the leading institutions can comfortably hold their own against the blue chip companies.
With a new law requiring the churches to be accountable and self regulatory, a number of respected church institutions have just released their financials. The top 4 churches easily topped the 2 billion mark. Here are the figures of the top five churches in the past year 2015.
1. Christ Is The Answer Ministries- CITAM
With 15 branches across the country, one of the most organized churches in Kenya brought home 1.016 billion shillings last year.
The church which also owns Hope FM had a huge chunk of that amount, 946 million coming in from offerings and tithes.
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