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Kenyatta Assents to Division of Revenue Bill 2019, Calls on Counties to Prioritize Settlement of Pending Bills

The new law allocates Sh378.1 billion to county governments for the 2019/20 financial year

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Kenyatta, Division, Revenue
President Uhuru Kenyatta on Tuesday afternoon signed into law the Division of Revenue Bill 2019 paving the way for the release of funds to counties. Pixabay

BY GEOFFREY ISAYA

President Uhuru Kenyatta on Tuesday afternoon  signed into law the Division of Revenue Bill 2019 paving the way for the release of funds to counties. Kenyatta.

The new law allocates Sh378.1 billion to county governments for the 2019/20 financial year. Out of the total allocation, Sh316.5 billion is the equitable share of national revenue while 61.6 billion are conditional allocations to the devolved units.

The total allocation of Sh378.1 billion to county governments represents 36. 46 percent of the audited and approved revenue of the National Government for the financial year 2018/19 against the constitutional threshold of 15 percent.

The National Treasury has already disbursed over Sh50 billion to counties for the months of July and August.

Kenyatta, Division, Revenue
President Uhuru Kenyatta addresses a gathering of the national budget appropriation committee in Nairobi on Tuesday ,September 17 |PSCU

With the new law in place, the President reiterated  the government’s commitment to scheduled disbursement of funds to counties to enable them to continue delivering services to Kenyans.

He urged county governments to finalize their budget processes which should prioritize settlement of pending payments to suppliers such as the Kenya Medical Supplies Agency (KEMSA) for medical supplies to facilitate the delivery of the ongoing Universal Health Coverage (UHC) program.

President Kenyatta further urged county governments to come up with better systems of collecting and managing their own revenue.

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Present during the signing of the Bill on Tuesday were Acting Treasury CS Ukur Yattani, Devolution CS Eugene Wamalwa, Speaker of the National Assembly Justin Muturi, Attorney General Paul Kihara Kariuki and Treasury PS Dr Julius Muia among others.

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5G to Change How Telecom Operators in India Earn Revenue, Says Cisco

For a robust 5G ecosystem in the country, a strong partnership among major stakeholders is a must

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For Cisco, the Networking Academy programme in India is one of its largest in the world. Wikimedia Commons

The core beneficiaries of 5G will be enterprises which will dramatically change how telecom operators in India and rest of the Asia Pacific and Japan region earn their revenue in the next five years, a top executive of global networking giant Cisco said here on Monday.

“In the 5G era, telcos will earn 70 per cent of their net revenue from enterprises. Right now, only 30 per cent of their revenue comes from enterprises, while the rest comes from consumers,” Sanjay Kaul, Head of Asia Pacific and Japan, Service Provider Business, Cisco, told IANS during an interaction at the India Mobile Congress (IMC) 2019 here.

“This is a huge shift. For example, if you go to a factory and make it smart, you can significantly reduce their operating cost and telecom operators can then claim a share of the credit for reducing the cost of operation and earn some revenue in return,” Kaul added.

Cisco, he said, will be able to help telcos monetise their services as the company manages almost 70 per cent of internal network of most enterprises.

“5G+C=M. This means 5G plus Cisco equals monetisation. This is because Cisco brings in technology, it brings in the the know how of enterprises and enterprises are already our customers,” he said, adding that 5G will dramatically change the e-commerce sector, financial services, logistics and some manufacturing segments in the country.

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FILE – People stand next to a 5G logo during the Mobile World Congress wireless show, in Barcelona, Spain, Feb. 28, 2018. VOA

“There is a good chance that 5G will transform the agriculture sector in India. For example, 5G may enable driverless tractors. The major impediment to driverless cars has been the lack of proper infrastructure. But with driverless tractors, you do not need proper lanes as chances of accidents in fields will be less,” Kaul elaborated.

For a robust 5G ecosystem in the country, a strong partnership among major stakeholders is a must.

“We are one of the core partners for Reliance Jio. We are a very strong partner of Bharti Airtel and Cisco is also working with Vodafone Idea,” he said.

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“To bring 5G faster to the country, the government will have to make it viable for telecom operators to offer its services. It will have to reduce the prices of spectrum, increase fiberisation. Telcos will have to embrace transformation of their IP network and their data centre network,” he said.

During his address at the IMC 2019, IT Minister Ravi Shankar Prasad said that spectrum auction will be done within the current financial year and he also assured the industry that the government is bringing some reforms in spectrum pricing as well. (IANS)