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Kenya Revenue Authority (KRA) and County Government of Kisumu will partner to unlock Sh4 billion in own-source revenue from the current Sh1.2 billion.

Commissioner General Humphrey Wattanga said the authority will support the county through capacity building and aligning their tax processes, in addition to identifying and activating other revenue streams to tap them into the revenue basket.

“The Authority will participate in planning, forecasting of revenue targets, monitoring and accounting for revenue collected,” he said.

Wattanga, who was meeting Kisumu County Governor Anyang Nyong’o yesterday said KRA data showed the county has the prospective to collect more revenue if correct structures are established and maintained.

“KRA is ready to support the county. You only need to review your processes and embrace technology including a cashless system, to enhance tax compliance and seal revenue loopholes,” he said.
Nyong’o said that the collection is bound to grow even higher, following the implementation of a cashless payment platform and the partnership with Safaricom in implementation of the tax system.

Elsewhere, Britam General Insurance has launched four aviation insurance covers targeting individuals and businesses engaged in the aviation industry.

The solutions include Crew Personal Accident Cover, Airport Owners and Operators Liability, Hull All Risks Cover, Hull War and Legal Liability covers.

“Our goal is to ensure that our aviation clients have peace of mind and can focus on their core operations knowing that they are well protected,” said Jackson Theuri, chief executive and Principal Officer of Britam General Insurance. “We understand the risks involved in this industry and are committed to providing our clients with comprehensive coverage and exceptional customer service,” he added.

The solutions are targeted at airport owners, operators, transporters, and other individuals and corporates engaged in the aviation industry in Kenya.

The four insurance aviation solutions cover direct physical loss or damage to the aircraft, damages, due to bodily injury arising out of the ownership, maintenance, or use of the aircraft, and airport premises, hangars and products among others.