City Hall To Review Parking Fees Upwards to Ksh 300 Effective July 1

In a bid to boost the revenue collection and finance its Sh17.32 billion 2019/2020 budget, Nairobi County Government is turning to motorists and online traders..

The parking fees which had been pegged at Sh200 following the passage of a Finance Bill in 2018 will now be revised upward to Sh300 from July 1. The increase in parking fees will also ease congestion in the Central Business District.

“The reduction in parking fees from Sh300 to Sh200 for street parking was the cornerstone of the amendments last year and the same has drastically reduced revenue collections from daily parking and increased congestion within the CBD,” said Charles Kerich, the Nairobi County Executive Committee Member for Finance, while reading the budget highlights for the financial year 2019/2020 on Tuesday.

Further to this, the county government has not spared online businesses as it has initiated amendments to the revenue law to have online businesses captured in the revenue basket.

“Fully aware that in a changing global economy there is general shift to online trading as a way of making businesses efficient and cost effective, the County shall be initiating amendments to the Revenue laws to capture owners of online businesses in the revenue basket,” added Mr. Kerich.