News Categories: Business

12 Mar
By: NGPU 0

Multibillion Company Toyota Tsusho East Africa relocates agricultural division from Nairobi to Nakuru town.

Multibillion Company Toyota Tsusho East Africa Limited has relocated their agricultural division from Nairobi to Nakuru town.

The move comes on the heels of a report by the Kenya Bureau of Statistics that placed Nakuru as the second richest County with a Gross County product of 6.1 percent.

During the launch of the new office in Nakuru town, Deputy Governor Dr Eric Korir commended the company for investing in Nakuru.

He added that the investment is timely since Nakuru County is the bread basket of Kenya and the gate way to the North and South Rift region.

“Our town is placed in a very strategic place and we guarantee that Toyota Tsusho will reap big in this investment” Dr Korir noted.

Recently, Nakuru County has seen investment of over 10 billion. Some of the new companies include National Cement Ltd, Daima milk, Egerton pension mall and Kenya women holdings mall.

This year the County expects the Royal group Company and the Pyrethrum processing Company at Oserian to set up shop in Nakuru.

At the same time, Dr Korir said the County Government is keen to see the completion of the airport which will make the County a preferred destination to do business.

In his speech, Toyota Tsusho General Manager Mr Ian Allen said the company has identified Nakuru as the agricultural hub of the country, hence the decision to have the head office in Nakuru town.

We also realized that all our potential customers in the agricultural areas are within reach since it takes about two to three hours to get to the major towns. This is very good for our business,” stated Mr Allen.

According to him, Toyota Tsusho has introduced a mini tractor that is complete with other implements.

Mr Allen said the tractor will attract the youth and women who are likely to find the big tractors tedious, as well as ease movement in small parcels of land.

The company also sells fertilizer among other farm inputs as it aims to provide a holistic solution to farmers in Nakuru County and the country at large.

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16 Jul
By: NGPU 0

Nakuru County records Sh320m increase in revenue collection

County Government of Nakuru has recorded an increase in revenue collection despite depressed economic activity caused by the long electioneering period.

The County collected Sh.2.28 billion in the 2017/2018 Financial Year up from Sh1.96 billion collected in the 2016/2017 Financial year.

Governor Lee Kinyanjui said the success of any County initiatives will depend on the capacity to raise revenue for its projects.

“The County seeks to reduce its dependence on National Treasury disbursements through creation of a robust revenue base,” said the Govenor.

He said the County will continue working to improve revenue collection.

“Despite the increase, the County was only able to realise about 40 percent of its potential,” he said.

The 16 percent (Sh320 million) increase has been attributed to deliberate measures taken by the County to seal revenue loss loopholes, increase accountability and rotation of staff.

“Since coming into office, we have taken steps to break down the revenue budget into targets for each revenue officer and each Sub-County,” said Nakuru CECM for Finance Joseph Kiuna.

The CEC said the 16 percent growth achieved in 2017/18 means that Nakuru County will qualify for the additional two percent allocated by the Commission on Revenue Allocation for counties that grow their own source revenue in the next financial year.

Mr. Kiuna also said the County plans to centralize revenue collection from line ministries and that appropriate legislative framework to enable this is nearing completion.

“Plans have commenced to fully automate all revenue streams like parking, building plans, market fees and hospital services,” he said. Liquor licensing will also be streamlined to make it perform better than it has in the past.

The Finance department, he said, will also be enhancing its efforts to collect land rates through the use of its recently acquired geo-spatial plan and valuation roll.

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