Nairobi Finance Act 2023 Brings Changes
- Nairobi Governor Johnson Sakaja has signed the Nairobi Finance Act 2023, introducing changes to city service fees.
- These changes aim to create a clear and predictable financial plan for the county’s revenue.
- The Act represents the most comprehensive financial plan in Nairobi in the last five years.
What to Expect from the Act
- Traders with market stalls will see a 10% increase in their fees, meaning they will pay more for their businesses.
- Those renting county houses in Nairobi will also face a 10% increase in their rents.
- New parking zones will be introduced, with rates varying depending on the hours parked.
- Charges for licensing alcoholic drinks and applying for advertising and signage will go up.
- Charges for public health services and basic education and training will be reduced.
- Some charges, like those for city inspectorate and marketing services, will remain the same.
The Purpose of the Act
- Governor Sakaja emphasized that the changes were made after public participation and to provide a clear plan for the county’s revenue.
- The Act is designed to create a more comprehensive and predictable financial framework.
- While some fees will increase, others will decrease, and the Act is meant to balance the county’s financial needs with the services it provides to its residents.
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