Companies will from next month pay an interest penalty equal to the Central Bank of Kenya lending rate if they fail to remit or match contributions of their workers to the National Health Insurance Fund (NHIF) on time.
Acting NHIF chief executive Samson Kuhora said the insurer will start implementing the new penalty from May 1 to stop employers from defaulting on the contributions that should be remitted before the 9th day of the following month.
