City Hall has recorded a significant increase of 17 per cent in its internally generated revenues, totalling KES 4.5 billion during the third quarter of the financial year ending June 2023.
The revenue performance between January and March showed an upturn, with KES 1.42 billion collected in January, KES 1.3 billion in February, and KES 1.78 billion in March.
This represents an increase compared to the same months in 2022, with KES 1.39 billion in January, KES 0.99 billion in February, and KES 1.45 billion in March.
In the latest city hall revenue collection, land rates recorded KES 1.87 billion in the three months, marking an increase of KES 477.6 million compared to the previous fiscal year.
Single business permits also grew, with KES 942.7 million collected, compared to KES 809 million in the previous financial year.
Governor Johnson Sakaja stated that the county government’s source revenue had been steadily growing, indicating a positive outlook compared to the previous financial year when City Hall recorded only KES 8.97 billion.
We expect sustained growth going forward and in the coming months. City Hall collections from January to March 2023 are higher compared to the same period in January to March 2022. Our immediate focus in the coming months will be to ensure that priority is trained on revenue collection with a focus on improving service delivery.
Nairobi Governor – Mr Sakaja
Parking fees generated KES 619.9 million, reflecting an increase of KES 49.3 million compared to the previous financial year’s total of KES 570.5 million. Conversely, revenue from billboards and advertisements dropped to KES 279.4 million, down from KES 366.1 million in the last financial year.
In terms of other revenue streams, building permits amounted to KES 229.6 million, while house and stall rent reached KES 141.3 million.
Fire inspection certificates contributed KES 134.8 million, and food handlers certificates raised KES 58.9 million.
However, revenue from markets decreased to KES 78.5 million, a drop of KES 22.6 million, and revenue from other sources among the 136 streams totalled KES 137.3 million, down by KES 862,667.
The City Hall boss acknowledged that the county’s source revenue has been inconsistent and unpredictable in recent years, but expressed optimism that the negative trend has been addressed.
The Finance and Economic Planning CEC, Charles Kerich, emphasized their aim to achieve double-digit growth in parking fees, billboards and advertisements, house and stall rent, food handlers certificates, as well as markets, aligning them with the improvements observed in land rates, single business permits, and fire inspection certificates.
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