County revenues drop Sh4.6bn on Covid heat


Business Daily | by John Mutua

Revenue collection by counties for the year ended June dipped by Sh4.55 billion in the wake of restrictions imposed to curb the spread of the coronavirus disease, new data shows.

The Controller of Budget (CoB) says that Sh35.77 billion was raised in the period, reflecting an 11.2 percent fall from Sh40.3 billion a year earlier.

The restrictions in the last quarter of the year hurt businesses where counties rake in billions from rates, cess and parking fees…

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