The County Government of Nakuru has waived interest and penalties accrued on annual trade licenses in a move to cushion business owners in the wake of COVID-19 pandemic.
In a public notice released on Thursday by the County Finance and Economic Planning Executive Dr. Peter Ketyenya, business owners will enjoy the waiver for three months beginning April to June 2020.
The waiver comes at a time where businesses are experiencing a slowdown due to the effects of the COVID-19 pandemic on the economy.
Most businesses have been forced to close down with some operating on near no profit since the government started initiating measures to combat the spread of COVID-19
Governor Lee Kinyanjui has already initiated a plan of forming a team that will asses the economic impact of COVID-19 in the county
The team is expected among other things to map an economic recovery strategy,assess the impact of corona virus pandemic on businesses as well as coming up with ways through which affected businesses can be shielded.
Nakuru county is expected to expected to lose millions of shillings in revenue collection as a result of COVID-19.
Most business owners have been calling for tax breaks and waivers from the county with some even calling on landlords to waive rent paying for sometime.