Keeping Your Business in Mind

Nairobi records 951.2M revenue increase for the last six months

By Antynet Ford

Nairobi City County has recorded a Sh951.2 million rise in its internal revenue for the first half of this financial year 2023-2024

Data from the county’s finance department shows that Governor Johnson Sakaja-led administration raised Sh3.56 billion in the period under review, reflecting a rise from Sh2.61 billion last Financial Year 2022-2023.

The revenue collected was from July to December 2023.

In the last FY 2022-23, Nairobi own source revenue hit Sh10.6 billion.

Despite being way below the target of Sh18.2 billion, it was the highest achieved by City Hall in the last five years.

Looking at the last six months, all the internal revenue streams recorded an increase except for markets, which took a hit and dropped in the period under review.

Parking fees recorded the highest collection of Sh872.69 million, land rates (Sh655.8 million), single business permits (Sh426.88 million), building permits (Sh541.35 million) while Sh244.74 million was collected from billboards and advertisements

From house rent, City Hall collected Sh233.13 million, fire inspection certificates (Sh38.32 million), food handlers certificates (Sh51.99 million), markets (Sh100.35 million) and other income amounted to Sh431.11 million.

In the last Financial Year 2022-2023, in the same period from July to December Sh798.37 million was collected from parking, land rates (Sh302.30 million), single business permits (Sh352.09 million), and building permits (Sh459.51 million) and Sh189.72 million was collected from billboards and advertisements.

From fire inspection certificates City Hall managed to collect Sh29.09 million, food handlers certificates (Sh40.64 million), markets (Sh111.84 million), and other income Sh147.61 million.

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