Sharp Daily
No Result
View All Result
Friday, June 6, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Counties

Nairobi county revenue surges in first half of fiscal year

Brenda Murungi by Brenda Murungi
January 22, 2024
in Counties, News
Reading Time: 2 mins read

Nairobi County has witnessed a noteworthy surge in internal revenue amounting to KES 951.2 million during the first half of the 2023–2024 financial year, as reported by the county’s finance department.

Under the leadership of Governor Johnson Sakaja, the administration successfully generated KES 3.56 billion from July to December 2023, marking a substantial increase from the previous Financial Year 2022-2023 figure of KES 2.61 billion.

Over the past six months, all internal revenue streams experienced growth, except for markets, which saw a decline in the assessed period. Parking fees led in collections with KES 872.69 million, followed by land rates at KES 655.8 million, single business permits at KES 426.88 million, building permits at KES 541.35 million, and billboards and advertisements contributing KES 244.74 million.

Collections from house rent amounted to KES 233.13 million, fire inspection certificates at KES 38.32 million, food handler certificates at KES 51.99 million, markets at KES 100.35 million, and other income totaling KES 431.11 million.

RELATEDPOSTS

How Kenyan banks can modernize without marginalizing

June 4, 2025

Gikomba traders count losses after fire razes stalls

April 2, 2025

Governor Sakaja attributed the revenue increase to the complete digitization of all revenue streams and the implementation of a strict cashless policy at City Hall. During a media interview, he urged residents to report any county staff soliciting cash payments and provided a hotline (020 2224281) for reporting such instances.

For revenue payers, the governor advised visiting the NairobiPay e-service portal (www.nairobiservices.go.ke), City Hall Annexe customer service center offices, or any sub-county finance offices for further clarification. Payments made through USSD Number *647# were directed to Cooperative Bank or Equity Bank under specific accounts.

Sakaja highlighted the ongoing transition to the Nairobi City County Revenue Administration Authority, emphasizing its role in revenue collection.

The Revenue Administration Act, enacted in 2019 and approved in 2021, will be enforced by the authority, and the introduction of the Unified Business Permit is expected to boost revenue projections.

The authority is set to commence full operations this year, with a dedicated board and a chief executive officer overseeing revenue collection.

On January 1, 2024, City Hall activated the electronic Unified Business Permit regime, streamlining various licenses into one accessible through the NairobiPay Revenue service online portal.

The UBP eliminates the issuance of multiple licenses and incorporates security features to prevent counterfeit permits. This initiative is part of Governor Sakaja’s commitment to ease-of-doing business reforms.

Previous Post

Kenyans given 90 days to register in Social Health Insurance Fund

Next Post

Kenya settles KES 72 billion SGR loan amid default concerns

Brenda Murungi

Brenda Murungi

Related Posts

Counties

Elgeyo Marakwet leaders demand action on banditry

May 26, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025
Analysis

Kisumu airport to become Kenya’s agro-export powerhouse

April 30, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025

LATEST STORIES

How Kenya’s E-Mobility shift could redefine urban planning

June 5, 2025

Economic liberators are the real heroes and heroines of the year

June 5, 2025

Affordable retirement planning for small businesses with CURBS

June 5, 2025

How Kenyan banks can modernize without marginalizing

June 4, 2025

Human rights concerns over activists’ treatment in Tanzania

June 4, 2025

Decoding stock-based compensation

June 4, 2025

Comparative advantage is the secret to real economic take off

June 4, 2025

Understanding inflation and its impact on everyday life

June 4, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024