Nairobi County goes after rate defaulters to recover Sh15b
News
By
Josphat Thiong’o
| Nov 26, 2018
The Nairobi County government has started a crackdown on rate defaulters and aims to recover Sh15 billion from city developers.
The operation has seen eight buildings whose owners owe City Hall Sh7.8 million closed down.
The tenants will be required to pay their rent to City Hall until the debt is cleared.
At least four buildings in the city centre were affected. They were said to owe between Sh536,394 and Sh6.8 million.
According to information from City Hall, most of the defaulting developers are located in the central business district, Parklands, Kilimani, Thika Road and Ngara.
READ MORE
State to shut down 25 entities, privatise others in new reforms
Why Kenya must move fast to invest in digital rights security
State, workers' pay tensions cloud function
Why the super-rich are ditching commercial property investments
S Sudan Central Bank Governor Rallies East Africans to Invest in Juba
Co-op Bank lines up billions for women-owned SMEs after German loan deal
Construction players protest state's bid to tax mining sector
Insurance sector players to explore use of AI in deepening uptake
Sugarcane farmers accuse AFA of 'siding with cartels' as prices drop
Growing demand for housing births modern mansions in Nakuru slums
Nairobi Governor Mike Sonko said the crackdown was provided for in the County Rating Act. He said his administration was facing challenges implementation development projects because of the rate debt.
- State to shut down 25 entities, privatise others in new reforms
- Sugarcane farmers accuse AFA of 'siding with cartels' as prices drop
- Forget miraa: Discovery of minerals stirs up Meru locals